Acacia produced 521980 oz gold in 2018
Gold production remained 32% lower YoY “I am pleased to report that we have achieved gold production of 130,581 ounces for the fourth quarter, bringing our total gold production for the full year to 521,980 ounces. This is substantially ahead of our initial production guidance for the year of 435,000 to 475,000 ounces. I am proud of the resilience, hard work and dedication shown by our people in realising this achievement despite a challenging operating environment. Over the last 12 months we have focused on successfully stabilising the business, including a return to free cash flow generation in Q2, and I am pleased to report that we end the year with a net cash balance of US$88 million.” said Peter Geleta, Interim Chief Executive Officer. Gold production for the quarter of 130,581 ounces was slightly ahead of expectations, although 12% lower than the prior year mainly due to the transitioning of Buzwagi to a stockpile processing operation, par...