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Acacia tackles mining costs

By Robert Tyerman | Friday 22 January 2016


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


African gold producer Acacia Mining (ACA) says it lifted output a modest 2% to 731,912 oz. last year and indicates target production of 7650,000-to-780,000 oz. for 2016, with all-in costs anticipated to fall from $1,112 (£795) an ounce to somewhere between $950 and $980 an ounce, against a present market price of $1,108.45c. 


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