Acacia Mining moves upwards as output picks up

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Acacia Mining moves upwards as output picks up
Master Investor Magazine

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The price of shares in FTSE 250 gold producer Acacia Mining (LON:ACA) has climbed by 1.99% to 13:15 BST) after it reported that production during the second quarter rose by 19% year-on-year, driven by strong improvements at the North Mara facility. However, sales volumes dropped by 10% during the period due to the timing of shipments.

Interim CEO Peter Geleta commented: “I am pleased to announce that Acacia achieved a 51% increase in production in the second quarter of 2019 compared to Q1 2019, following the successful implementation of our revised mining plan at North Mara for both the underground and open pit mines which saw production at the mine increase by 80% over the period“.

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