Inicio » English » BUZZ-Acacia Mining: Subdued Q3 production hits stock

BUZZ-Acacia Mining: Subdued Q3 production hits stock

* Gold miner Acacia Mining hits lowest in almost a yr after co says Q3 production was lower than expected

** Says lower-grade ores mined at its Bulyanhulu and Buzwagi mines in Tanzania

** Q3 production 164,000 ounces vs 190,986 ounces a year ago

** “With the Acacia story all about bringing Buly (Bulyanhulu) to account, this is a significant set-back, and likely to bring our numbers down despite the fact that Q4 looks better.” Numis analysts said (recommendation under review)

** Miner expects FY production to be around last year’s level of 718,851 ounces

** Stock down 15.5 pct & bottom performer on the FTSE All Share Mining Index, FTSE All Share Index and the FTSE Mid 250 Index

Reuters

Comentarios

comments

Dejar un comentario

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *

Scroll to Top