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ACACIA MINING PLC

Acacia Mining PLC Update on Gold Shipments at North Mara

Acacia Mining PLC (LON:ACA) noted that today its North Mara Gold Mine has received a letter from the Mining Commission of the Tanzanian Ministry of Minerals authorising the Company to resume gold exports from North Mara subject to its adherence to the export procedure. The letter follows an investigation which the Mining Commission conducted at the mine on 30 and 31 July 2019 and an earlier letter dated 12 July 2019 from the Mining Commission which suspended gold shipments from North Mara pending the investigation.

Acacia Mining notes that today’s letter also states that the Mining Commission believes that certain provisions of the Mining Regulations, 2010 were violated and directs the North Mara mine to submit a feasibility study report and current mine plan for its approval by 16 August 2019. 

The Company will provide a further update in due course as appropriate.