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Last 261.20 GBp
Change Today -3.60 / -1.36%
Volume 668.4K
ACA On Other Exchanges
Symbol
Exchange
ACA is not on other exchanges.
As of 12:35 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

acacia mining plc (ACA) Snapshot

Open
265.10 GBp
Previous Close
264.80 GBp
Day High
265.10 GBp
Day Low
255.80 GBp
52 Week High
01/22/15 - 318.90 GBp
52 Week Low
10/20/14 - 191.70 GBp
Market Cap
1.1B
Average Volume 10 Days
827.9K
EPS TTM
0.22 GBp
Shares Outstanding
410.1M
EX-Date
05/7/15
P/E TM
17.9x
Dividend
0.05 GBp
Dividend Yield
0.86%
Current Stock Chart for ACACIA MINING PLC (ACA)

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acacia mining plc (ACA) Details

Acacia Mining plc, together with its subsidiaries, mines, processes, and sells gold in Africa. The company also produces co-products, such as copper and silver. It has three gold mines in north-west Tanzania, including Bulyanhulu, Buzwagi, and North Mara; and a portfolio of exploration projects at various stages of development in Tanzania, western Kenya, and western Burkina Faso. The company was formerly known as African Barrick Gold plc and changed its name to Acacia Mining plc in November 2014. The company was incorporated in 2010 and is headquartered in London, the United Kingdom. Acacia Mining plc is a subsidiary of Barrick Gold Corporation.

4,268 Employees
Last Reported Date: 03/20/15
Founded in 2010

acacia mining plc (ACA) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: 652.3K GBP
Compensation as of Fiscal Year 2014.

acacia mining plc (ACA) Key Developments

Sarama Resources Completes Initial Drill Program Under the Acacia Mining Agreement at The South Hounde Project in Burkina Faso

Sarama Resources Limited and Acacia Mining plc entered in to an Earn-In Agreement on Sarama's South Hounde Project in south west Burkina Faso in November 2014. Pursuant to this agreement, Sarama has commenced a multi-faceted exploration program with a budget funded by Acacia of USD 3.5 million (CAD 4.4 million) for the first year, which includes drilling as well as various geochemical and geophysical surveys. Results received to date are encouraging and continue to show potential to increase oxide mineral resources and further the understanding of high-grade zones encountered at the MM and MC Prospects. The results from the drill programs are currently being compiled and will be used to plan the next steps of the exploration program. Sarama has recently completed a multi-faceted drill program at its 100% owned1 South Hounde Project, which is the subject of an Agreement with Acacia where Sarama will be the operator until at least USD 7 million (CAD 8.8 million) has been expended on exploration, funded by Acacia. The program will continue throughout 2015 and is budgeted to cost approximately USD 3.5 million (CAD 4.4 million) and subject to results, nominally includes 15,000m of AC drilling, 6,000m of RC drilling, 5,500m of diamond drilling, 12,000m of auger drilling, a 9,200 line-km airborne geophysical survey and various geochemical, regolith and IP surveys. The initial diamond drilling program is focused on the further delineation of high-grade shoot controls at the MM and MC Prospects where previous drilling has demonstrated continuity to a depth of at least 280m. The initial RC drill program has been designed to test previously identified near-surface targets at the MM, MC and Phantom Prospects and the AC drill program is designed to test oxide targets to the north and south of the MM and MC Prospects in order to expand the present oxide component of the current mineral resource. An auger program has been planned to better define potential gold anomalism in the north-east of the project area where regolith complexity has presented challenges for conventional soil geochemistry surveys. The initial area to be investigated is where the controlling structure for mineralisation at Orezone Resources' Bondi Prospect (282,000 oz Au Measured and Indicated mineral resources at 2.1g/t Au and 149,700 oz Au Inferred mineral resource at 1.8g/t Au2) projects southward into the South Hounde Project area. A previous 9km-long, gradient-array IP survey along the Tankoro Structural Corridor that produced numerous, coincident chargeability and resistive anomalies has been extended northward. Initial drill results in this extension area indicate the continuance of gold mineralization providing potential to add further oxide resources. In addition to the gradient-array survey, eight pole-dipole fences have been completed across the MM and MC Prospects to better delineate the geometry of the high-grade shoots as they plunge to depth. An airborne magnetic and radiometric survey is currently being undertaken to better understand the litho-structural setting of gold mineralization across the Tyikoro Property in the central part of the Project will be the subject of initial prospecting activities consisting of soil geochemical and regolith surveys.

Acacia Mining plc Presents at BMO Capital Markets 24th Global Metals & Mining Conference 2015, Feb-24-2015

Acacia Mining plc Presents at BMO Capital Markets 24th Global Metals & Mining Conference 2015, Feb-24-2015 . Venue: Westin Diplomat Resort, 3555 South Ocean Drive, Hollywood, Florida, United States.

Acacia Mining plc Proposes Final Dividend for the Year Ended December 31, 2014 Payable on May 29, 2015

The Board of Directors of Acacia Mining plc announced the approval of a final dividend for the year ended December 31, 2014 of 2.8 US cents per share, an increase of 40% when compared to 2013. Subject to shareholders approving this recommendation at the AGM on April 23, 2015, the final dividend will be paid on May 29, 2015 to shareholders on the register as of May 8, 2015. The ex-dividend date is May 7, 2015. Together with interim dividend of 1.4 US cents per share, this represents a payout level of 19% of cash flow as defined by dividend policy. Total dividend for 2014 of will be 4.2 US cents per share, up 40% on 2013.

 

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Industry Analysis

ACA

Industry Average

Valuation ACA Industry Range
Price/Earnings 17.9x
Price/Sales 1.7x
Price/Book 0.8x
Price/Cash Flow 17.7x
TEV/Sales 1.7x
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