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Dar es Salaam – Net cash balance of Acacia Mining plc increased by $ 63 million (Sh 143.39 billion) in the second quarter compared to the previous quarter , thanks to an increase in gold According to the production result published on June 6, total production increased by 133,778 ounces (about 3.79 tons) of gold, which, as of June 30, This translates into a cash balance of $ 120 million (272.94 billion shillings). increased $ 13 million (29.57 billion shillings) during the quarter, as net cash increased to approximately $ 63 million (143.2 billion shillings) at the end of the period. "We are pleased to announce another strong operating performance in the second quarter, with Group production of 133,778 ounces, resulting in an increase in cash from $ 13 million to $ 120 million," said Peter Geleta. , Acting Director General. He added, "With first-half production of 254,759 ounces (7.2 tonnes), we are on track to reach the upper end of our forecast of 435,000 to 475,000 ounces (12.3-13.5 tons) for 2018 and continue to demonstrate resilience The Acacia group owns three mines, all located in northwestern Tanzania, Bulyanhulu, Buzwagi and North Mara.
Group gold production for the quarter of 133,778 ounces was 36% in the second quarter of 2017 (208,533 ounces), mainly due to the reduction in activities at Bulyanhulu
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