Acacia Mining in Tanzania posts $59m profit for 2018

[tatum]

Tanzania-based mining company Acacia returned to profitability in 2018, posting net earnings of $59 million after a net loss of $707 million the previous year.
The London-listed company said its revenue last year was $664 million, 12 per cent lower than in 2017.
Acacia Mining’s gross profit dropped 12 per cent to $226 million, but was partly offset by $45 million from the sale of a non-core royalty in Burkina Faso.

The company’s cash balance increased by $50 million to $130 million last year after a strong operational performance, resulting in a net cash balance of $88 million at the end of 2018.

Acacia interim CEO Peter Geleta said that in 2018, the company stabilised the business with a focus on operational performance across all three mines — Bulyanhulu, North Mara and Buzwagi.

“We achieved gold production of 521,980 ounces for the year, substantially ahead of our initial 2018 production guidance of 435,000 to 475,000 ounces, and we maintained strong cost discipline, achieving an all-in sustaining cost of $905 per ounce sold, well below the full year-guidance range of $935 to $985 per ounce,” Mr. Geleta said.

Acacia Mining posts $59m profit for 2018

 

[Mikopo Chefuchefu]

This is a good news...

 

[tatum]

This is a good news...

kabisa lakini kuna watz hawataipenda kabisa habari kama hii ...mimi sijui huwa wanataka nini watu wa hivyo

 

[Kinyungu]

Siamini kama CCM mnafurahia Accacia kupata faida. Hivi kwanza accasia wameshasajili kampuni yao? Maana tuliambiwa haijasajiliwa.

 

[tatum]

Siamini kama CCM mnafurahia Accacia kupata faida. Hivi kwanza accasia wameshasajili kampuni yao? Maana tuliambiwa haijasajiliwa.

wamesajiliwa

 

[kanabyule]

Cha kwetu tulichoahidiwa tumelipwa?!

View attachment 1026271
Tanzania-based mining company Acacia returned to profitability in 2018, posting net earnings of $59 million after a net loss of $707 million the previous year.
The London-listed company said its revenue last year was $664 million, 12 per cent lower than in 2017.
Acacia Mining’s gross profit dropped 12 per cent to $226 million, but was partly offset by $45 million from the sale of a non-core royalty in Burkina Faso.

The company’s cash balance increased by $50 million to $130 million last year after a strong operational performance, resulting in a net cash balance of $88 million at the end of 2018.

Acacia interim CEO Peter Geleta said that in 2018, the company stabilised the business with a focus on operational performance across all three mines — Bulyanhulu, North Mara and Buzwagi.

“We achieved gold production of 521,980 ounces for the year, substantially ahead of our initial 2018 production guidance of 435,000 to 475,000 ounces, and we maintained strong cost discipline, achieving an all-in sustaining cost of $905 per ounce sold, well below the full year-guidance range of $935 to $985 per ounce,” Mr. Geleta said.

Acacia Mining posts $59m profit for 2018

Sent using Jamii Forums mobile app

 

[MKWEPA KODI]

kabisa lakini kuna watz hawataipenda kabisa habari kama hii ...mimi sijui huwa wanataka nini watu wa hivyo

Hujui kwa nini hatutaipenda habari hiyo, kwanza wamelipa kishika uchumba cha 300 milioni dollars

 

[msabillah]

Siamini kama CCM mnafurahia Accacia kupata faida. Hivi kwanza accasia wameshasajili kampuni yao? Maana tuliambiwa haijasajiliwa.

Umeandika kinyume maana ni ninyi mliandika kuwa acacia wafunga vilago.

Sent using Jamii Forums mobile app

 

[tatum]

Hujui kwa nini hatutaipenda habari hiyo, kwanza wamelipa kishika uchumba cha 300 milioni dollars

nani anaolewa....

 

[fazili]

View attachment 1026271
Tanzania-based mining company Acacia returned to profitability in 2018, posting net earnings of $59 million after a net loss of $707 million the previous year.
The London-listed company said its revenue last year was $664 million, 12 per cent lower than in 2017.
Acacia Mining’s gross profit dropped 12 per cent to $226 million, but was partly offset by $45 million from the sale of a non-core royalty in Burkina Faso.

The company’s cash balance increased by $50 million to $130 million last year after a strong operational performance, resulting in a net cash balance of $88 million at the end of 2018.

Acacia interim CEO Peter Geleta said that in 2018, the company stabilised the business with a focus on operational performance across all three mines — Bulyanhulu, North Mara and Buzwagi.

“We achieved gold production of 521,980 ounces for the year, substantially ahead of our initial 2018 production guidance of 435,000 to 475,000 ounces, and we maintained strong cost discipline, achieving an all-in sustaining cost of $905 per ounce sold, well below the full year-guidance range of $935 to $985 per ounce,” Mr. Geleta said.

Acacia Mining posts $59m profit for 2018

Hawa watu wanajua kucheza na figures na kutuaminisha kama wanavyotaka tuwe makini sana.

 

[MKWEPA KODI]

nani anaolewa....

Yule aĺiyesema hawa ndiyo wanaume

 

[tatum]

Na Beberu wao jana akaingia mjengoni

 

[TOEDSLOTH]

Na Beberu wao jana akaingia mjengoni

Nchi hii watu waliiba mpka wakarudishia waibe upya tena kwa style nyingne! Bila katiba mpya Rasilimali zote hizi zitatoweka na tutabaki kama kisiwa cha Nauru uko Australia

Sent using Jamii Forums mobile app

 

[Kinyungu]

wamesajiliwa

Ooh kwa hiyo sasa wapo kihalali? Maana tuliambiwa ni mabeberu tena majizi. Smelting plant vp? Kuna dalili? Sijaiona kwenye mukhtasari wa kilichojadiliwa.