Barrick's Trouble in Tanzania Deepens as Acacia Chiefs Depart
- Acacia’s CEO and CFO are planning to leave firm at year-end
- It’s ‘clearly not a positive,’ for the company, Investec says
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The downfall of Acacia Mining Plc took a new turn as the company’s top executives resigned, bringing fresh uncertainty to the future of the Tanzanian miner owned by Barrick Gold Corp.
Chief Executive Officer Brad Gordon and Chief Financial Officer Andrew Wray will step down on Dec. 31, the gold miner said in a statement. The miner’s top three executives are planning to leave, as Chief Operating Officer Mark Morcombe said last month he would resign.