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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Acacia Mining    ACA   GB00B61D2N63

ACACIA MINING (ACA)
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Delayed Quote. Delayed  - 07/20 05:35:23 pm
111.75 GBp   -4.85%
07/20ACACIA MINING : Results for the 6 months ended 30 June 2018
PU
07/20ACACIA MINING : 2018 Interim Results
PR
07/17ACACIA MINING P : half-yearly earnings release
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Acacia Mining 2Q Production Drops as Tanzania Woes Continue

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07/06/2018 | 09:11am CEST

By Oliver Griffin

Acacia Mining said Friday that gold production in the second quarter dropped 36% on year as the effect of an export ban in Tanzania continues to weigh on performance.

In a production update for the three months ended June 30, the gold miner said that group gold production fell to 133,759 ounces from 208,533 ounces in the second quarter of 2017.

Acacia has been hit by an export ban on metal concentrates in Tanzania imposed by the country's government last year. The company has been made to sit on the sidelines while majority shareholder Barrick Gold Corp negotiates with the government to bring the export ban to an end. However, a definitive agreement still hasn't been reached.

Acacia said it sold 134,090 ounces of gold in the quarter, higher than the amount of gold produced due to the result of shipment timings.

The company said that first-half gold production of 254,759 ounces shows it is on track to meet the top end of its production guidance range of 435,000 ounces to 475,000 ounces of gold in 2018.

Write to Oliver Griffin at [email protected]

Stocks mentioned in the article
ChangeLast1st jan.
ACACIA MINING -4.85% 111.75 Delayed Quote.-40.83%
BARRICK GOLD CORP -0.86% 16.23 Delayed Quote.-9.46%
GOLD 0.70% 1232 Delayed Quote.-6.08%
PLATINUM 2.45% 826.5 Delayed Quote.-13.11%
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Latest news on ACACIA MINING
07/20ACACIA MINING : Tanzania’s top gold miner reports strong performance in ha..
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07/20ACACIA MINING : Results for the 6 months ended 30 June 2018
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07/06ACACIA MINING : sees 2018 production at top end of guidance range
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07/06Acacia Mining 2Q Production Drops as Tanzania Woes Continue
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07/06ACACIA MINING : Second Quarter Production Results
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Financials ($)
Sales 2018 714 M
EBIT 2018 180 M
Net income 2018 91,5 M
Finance 2018 171 M
Yield 2018 3,71%
P/E ratio 2018 5,40
P/E ratio 2019 5,01
EV / Sales 2018 0,64x
EV / Sales 2019 0,48x
Capitalization 627 M
Chart ACACIA MINING
Duration : Period :
Acacia Mining Technical Analysis Chart | ACA | GB00B61D2N63 | 4-Traders
Technical analysis trends ACACIA MINING
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 2,40 $
Spread / Average Target 64%
EPS Revisions
Managers
NameTitle
Peter Geleta Chief Executive Officer & Executive Director
Kelvin P. M. Dushnisky Non-Executive Chairman
Jaco Maritz Chief Financial Officer
André Falzon Independent Non-Executive Director
Stephen Galbraith Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ACACIA MINING-40.83%627
NEWMONT MINING CORPORATION-1.33%19 744
BARRICK GOLD CORP-9.46%14 397
NEWCREST MINING LIMITED-12.18%11 382
AGNICO EAGLE MINES LTD3.20%10 617
POLYUS PAO--.--%8 737