ACACIA MINING PLC Update on Barrick discussions with Govt of Tanzania

 
TIDMACA 
 
25 June 2018 
 
                 THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION 
 
                               Acacia Mining plc 
 
                                    LSE:ACA 
 
                          ("Acacia" or the "Company") 
 
    Update on Barrick Gold Corporation's discussions with the Government of 
                                   Tanzania 
 
Acacia Mining plc (the "Company") notes the announcement on Sunday 24 June 2018 
made by Barrick Gold Corporation ("Barrick"), providing an update on Barrick's 
discussions with the Government of Tanzania ("GoT"). 
 
The Company notes Barrick's statement that the discussions between Barrick and 
the GoT are constructive, and that progress has been made on the drafting of 
definitive agreements necessary for the implementation of the proposed 
framework agreed between Barrick and the GoT in October 2017. 
 
The Company has been supporting Barrick in its discussions with the GoT, but 
has not been directly involved in those discussions to date.  Any proposal 
received by the Company in the future that might be agreed in principle between 
Barrick and the GoT as a result of those discussions will be subject to review 
by the Independent Committee of the Acacia Board of Directors. 
 
The Company further notes from the statement that Barrick is not providing a 
timetable for the completion of Barrick's discussions with the GoT at this 
time, in order to allow its process to continue in an orderly manner and 
without an arbitrary deadline. 
 
The Company will continue to engage with Barrick to seek to understand 
Barrick's expectations for the future conduct and a timetable for the 
completion of its discussions with the GoT. 
 
Further updates will be provided by the Company in due course. 
 
ENQUIRIES 
 
For further information, please visit our website: http://www.acaciamining.com/ 
or contact: 
 
Acacia Mining plc                      [phone] 
 
Giles Blackham, Head of Investor Relations 
 
Camarco                                [phone] 
 
Gordon Poole / Nick Hennis 
 
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 
 

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June 25, 2018 02:01 ET (06:01 GMT)