ACACIA MINING PLC Market Update

 
TIDMACA 
 
14 June 2017 
 
                 THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION 
 
 
                               Acacia Mining plc 
 
                                    LSE:ACA 
 
                          ("Acacia" or the "Company") 
 
                                 Market Update 
 
Acacia notes the press release issued by the Office of the President of 
Tanzania earlier today following a meeting between President of Tanzania H.E. 
Dr. John P. Magufuli and John Thornton, the Executive Chairman of Barrick Gold 
Corporation ("Barrick"), Acacia's majority shareholder. The release states that 
Barrick and the Government of Tanzania have agreed to enter into discussions in 
order to reach a mutually acceptable solution to the issues relating to the ban 
on the export of gold/copper concentrates as well as the future framework for 
Acacia's operations in Tanzania. 
 
We will provide a further update as appropriate and our already scheduled 
conference call on Thursday 15 June at 09:00 UK time will still take place, 
with dial-in details below: 
 
 
Participant dial in:                           [phone] 
Password:                                         Acacia Mining 
 
 
 
ENQUIRIES 
 
For further information, please visit our website: http://www.acaciamining.com/ 
or contact: 
 
Acacia Mining plc 
            [phone] 
Giles Blackham, Investor Relations 
 
Camarco 
               [phone] 
Gordon Poole / Billy Clegg / Nick Hennis 
 
Bell Pottinger 
                [phone] 
Nick Lambert / Aarti Iyer 
 
 
About Acacia Mining plc 
 
Acacia Mining plc (LSE:ACA) is Tanzania's largest gold miner and one of the 
largest producers of gold in Africa. We have three producing mines, all located 
in north-west Tanzania: Bulyanhulu, Buzwagi, and North Mara and a portfolio of 
exploration projects in Tanzania, Kenya, Burkina Faso and Mali. 
 
Our approach is focused on strengthening our three core pillars; our business, 
our people and our relationships, whilst continuing to invest in our future. 
Our name change from African Barrick Gold to Acacia in November 2014 reflected 
a new approach to mining, and an ambition to create a leading African Company. 
 
Acacia is a UK public company headquartered in London. We are listed on the 
Main Market of the London Stock Exchange with a secondary listing on the Dar es 
Salaam Stock Exchange. Barrick Gold Corporation is our majority shareholder. 
Acacia reports in US dollars and in accordance with IFRS as adopted by the 
European Union, unless otherwise stated in this announcement. 
 
 
Disclaimer and forward-looking statements 
 
 
 
This announcement is for information purposes only and does not constitute an 
invitation or offer to underwrite, subscribe for or otherwise acquire or 
dispose of any securities of Acacia in any jurisdiction. 
 
This announcement includes "forward-looking statements" that express or imply 
expectations of future events or results as opposed to historical facts. These 
statements include, financial projections and estimates and their underlying 
assumptions, statements regarding plans, objectives and expectations with 
respect to future production, operations, costs, projects, and statements 
regarding future performance. Forward-looking statements are generally 
identified by the words "plans," "expects," "anticipates," "believes," 
"intends," "estimates" and other similar expressions. 
 
All forward-looking statements involve a number of risks, uncertainties and 
other factors, many of which are beyond the control of Acacia, which could 
cause actual results and developments to differ materially from those expressed 
in, or implied by, the forward-looking statements contained herein. Factors 
that could cause or contribute to differences between the actual results, 
performance and achievements of Acacia include, but are not limited to, changes 
or developments in political, economic or business conditions or national or 
local legislation or regulation in countries in which Acacia conducts - or may 
in the future conduct - business, industry trends, competition, fluctuations in 
the spot and forward price of gold or certain other commodity prices (such as 
copper and diesel), currency fluctuations (including the US dollar, South 
African rand, Kenyan shilling and Tanzanian shilling exchange rates), Acacia's 
ability to successfully integrate acquisitions, Acacia's ability to recover its 
reserves or develop new reserves, including its ability to convert its 
resources into reserves and its mineral potential into resources or reserves, 
and to process its mineral reserves successfully and in a timely manner, 
Acacia's ability to complete land acquisitions required to support its mining 
activities, operational or technical difficulties which may occur in the 
context of mining activities, delays and technical challenges associated with 
the completion of projects, risk of trespass, theft and vandalism, changes in 
Acacia's business strategy and ongoing implementation of operational reviews, 
as well as risks and hazards associated with the business of mineral 
exploration, development, mining and production and risks and factors affecting 
the gold mining industry in general. 
 
Although Acacia's management believes that the expectations reflected in such 
forward-looking statements are reasonable, Acacia cannot give assurances that 
such statements will prove to be correct. Accordingly, investors should not 
place reliance on forward-looking statements contained in this announcement. 
Any forward-looking statements in this announcement only reflect information 
available at the time of preparation. Save as required under the Market Abuse 
Regulation or otherwise as may be required under applicable law, Acacia 
explicitly disclaims any obligation or undertaking publicly to update or revise 
any forward-looking statements in this announcement, whether as a result of new 
information, future events or otherwise. Nothing in this announcement should be 
construed as a profit forecast or estimate and no statement made should be 
interpreted to mean that Acacia's profits or earnings per share for any future 
period will necessarily match or exceed its historical published profits or 
earnings per share. 
 
 
 
END 
 

(END) Dow Jones Newswires

June 14, 2017 08:05 ET (12:05 GMT)