Acacia Mining plc Announces Unaudited Consolidated Financial and Operational Results for the Quarter and Year Ended December 31, 2018; Announces Impairment Charges for the Quarter Ended December 31, 2018; Provides Operational Guidance for the Year 2019
For the year, the company reported revenue of USD 663,789,000 against USD 751,515,000 for the same period a year ago. Profit before net finance expense and taxation was USD 108,550,000 against loss of USD 699,203,000 for the same period a year ago. Net profit for the year was USD 58,866,000 against loss of USD 707,394,000 for the same period a year ago. Basic earnings per share were USD 14.4 per share against loss of USD 172.5 per share for the same period a year ago.
For the quarter, the company reported gold production of 130,581 ounces against 148,477 ounces for the same period a year ago.
For the year, the company reported gold production of 521,980 ounces against 767,883 ounces for the same period a year ago.
For the quarter, the company reported impairment charges of USD 4,643,000.
For the year 2019, the company expects production of 500,000-550,000 ounces . All gold produced in 2019 is expected to be in doré form.