06 Sep 2017

Following the announcement on 4 September, as part of on-going measures to mitigate cash outflows, Acacia announces that it has bought put options covering 210,000 ounces of gold at a strike price of US$1,300 ounce. The total cost of the options was US$3.2 million and they provide a minimum price for the majority of the Group's expected doré production for the next 6 months above our budgeted gold price of US$1,200 per ounce, with full upside exposure should the gold price continue to trade above US$1,300 per ounce. The options will expire in equal instalments of 35,000 ounces per month over the period.

Acacia Mining plc published this content on 06 September 2017 and is solely responsible for the information contained herein.
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