Acacia Mining plc announced unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2016. For the second quarter, gold production of 221,815 ounces against 185,641 ounces a year ago.

For the six months, gold production of 412,025 ounces against 367,301 ounces a year ago.

For the quarter, the company's revenue was 284,038,000 against $231,887,000 a year ago. Profit before taxation was $73,849,000 against $7,580,000 a year ago. Net earnings were $46,282,000 or 11.3 cents per basic and diluted share against $5,558,000 or 1.4 cents per basic and diluted share a year ago. Adjusted net earnings were $40,659,000 or 9.9 cents per basic and diluted share against $7,244,000 or 1.8 cents per basic and diluted share a year ago. Capital expenditure was $49,142,000 against $46,461,000 a year ago. Net cash generated from operating activities was $104,864,000 against $59,964,000 a year ago.

For the six months, the company's revenue was $504,947,000 against $446,781,000 a year ago. Profit before taxation was $101,616,000 against $24,998,000 a year ago. Net loss attributable to owners of parent was $6,128,000 or 1.5 cents per basic and diluted share against net earnings of $14,765,000 or 3.6 cents per basic and diluted share a year ago. Adjusted net earnings were $58,767,000 or 14.3 cents per basic and diluted share against $18,302,000 or 4.5 cents per basic and diluted share a year ago. Net cash generated from operating activities was $157,096,000 against $107,093,000 a year ago. Purchase of property, plan and equipment was $82,606,000 against $105,469,000 a year ago. Capital expenditure was $85,172,000 against $89,040,000 a year ago.

For the year 2016, the company now expecting to deliver at or above the upper end of the full year production guidance of 750-780,000 ounces, and at the lower end of AISC guidance of $950-980 per ounce.