Acacia Mining plc announced unaudited consolidated financial and operational results for the quarter and year ended December 31, 2018. For the quarter, the company reported revenue of USD 164,765,000 against USD 189,249,000 for the same period a year ago. Profit before net finance expense and taxation was USD 20,876,000 against loss of USD 829,979,000 for the same period a year ago. Net profit for the year was USD 16,139,000 against loss of USD 785,975,000 for the same period a year ago.

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.