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Mliokuwa mnafikiri mtapata pesa zenu kesho mtasubiri sana, still you have a long way to go, hao ndio wazungu.
ACACIA MINING PLC - Update re Barrick Gold Corp's Q3 Results
Released : 26 Oct 2017 07:00:00
26 October 2017
Acacia Mining plc
LSE:ACA
(“Acacia” or the “Company” or the “Group”)
Update following release of Barrick Gold Corporation’s Q3 Results
Acacia notes that Barrick Gold Corporation (“Barrick”) reported its Q3 results last night and welcomes the further detail provided with respect to the proposed framework agreed between Barrick and the Government of Tanzania (“GoT”). Amongst other details, in the release Barrick state that they expect to be able to present a detailed proposal to Acacia for review during the first half of 2018.
Acacia also notes that Barrick have increased their existing tax provision of US$128 million with respect to Acacia’s historical uncertain tax positions, by US$172 million to US$300 million. Acacia does not intend to make any changes to its own provision of US$128 million as a result of Barrick’s announcement of an agreement of a proposed framework. Once Acacia has received and had the opportunity to assess a detailed proposal, Acacia will also be able to assess the potential impact on Acacia’s historical uncertain tax positions.
Barrick’s third quarter release is available on their website.
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For further information, please visit our website: Home.
Mliokuwa mnafikiri mtapata pesa zenu kesho mtasubiri sana, still you have a long way to go, hao ndio wazungu.
ACACIA MINING PLC - Update re Barrick Gold Corp's Q3 Results
Released : 26 Oct 2017 07:00:00
26 October 2017
Acacia Mining plc
LSE:ACA
(“Acacia” or the “Company” or the “Group”)
Update following release of Barrick Gold Corporation’s Q3 Results
Acacia notes that Barrick Gold Corporation (“Barrick”) reported its Q3 results last night and welcomes the further detail provided with respect to the proposed framework agreed between Barrick and the Government of Tanzania (“GoT”). Amongst other details, in the release Barrick state that they expect to be able to present a detailed proposal to Acacia for review during the first half of 2018.
Acacia also notes that Barrick have increased their existing tax provision of US$128 million with respect to Acacia’s historical uncertain tax positions, by US$172 million to US$300 million. Acacia does not intend to make any changes to its own provision of US$128 million as a result of Barrick’s announcement of an agreement of a proposed framework. Once Acacia has received and had the opportunity to assess a detailed proposal, Acacia will also be able to assess the potential impact on Acacia’s historical uncertain tax positions.
Barrick’s third quarter release is available on their website.
ENQUIRIES
For further information, please visit our website: Home.