Acacia Mining plc Reports Production Results for the First Quarter of 2018; Provides Production Guidance for the Full Year 2018
taking place in the lower-grade west zone of the Gokona Underground. At Buzwagi, gold production of 35,685 ounces for first quarter of 2018 was 41% lower than in first quarter of 2017 which was 59,856 ounces as a result of production now being derived from lower grade ore stockpiles due to the effective completion of the
open pit. At Bulyanhulu, gold production for the quarter amounted to 8,527 ounces, 87% below first quarter of 2017 which was 63,346 ounces. During the quarter all production came from the retreatment of tailings as a result of the underground mine being placed on reduced operations in late 2017.
For the full year 2018, the company expects to production to be in the range of 435,000 ounces to 475,000 ounces.