Acacia Mining PLC (ACA)

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Company Description

African Barrick Gold PLC, incorporated on January 12, 2010, is a gold producer in Tanzania. The Company has three operating mines, all located in Northwest Tanzania, and several exploration projects at various stages of development in Tanzania and Kenya. Bulyanhulu is a high-grade underground mine with shaft access, which is transitioning to long-hole and drift and fill as its principal mining methods. Life of mine is estimated to be over 25 years, based on proven and probable gold reserves of 9.4 million ounces. Buzwagi is a low-grade bulk deposit with a single large open pit. Life of mine is estimated to be 5 years, based on proven and probable gold reserves of 1.1 million ounces. North Mara is a high-grade open pit mine, with future underground potential, consisting of three open pit deposits, Nyabirama, Gokona and Nyabigena. Life of mine is estimated to be 10 years based on proven and probable gold reserves of 2.2 million ounces. In addition the Group produces copper and silver as a co-product...