Acacia Mining plc reported Unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported revenue of USD 189,249,000 compared to USD 263,890, 000 a year ago. EBITDA was USD 45,463,000 compared to USD 105,681,000 a year ago. Adjusted EBITDA was USD 67,613,000 compared to USD 103,010, 000 a year ago. Net loss was USD 785,975,000 compared to net earnings of USD 48,285,000 a year ago. Basic loss per share was 191.7 cents against earnings per share of 11.8 cents a year ago. Adjusted net earnings were USD 45,799,000 compared to USD 46,415,000 a year ago. Adjusted net earnings per share were 11.2 cents compared to 11.3 cents a year ago. Cash generated used in operating activities was USD 1,503,000 compared to Cash generated from operating activities of USD 60,933,000 a year ago. Loss before taxation was USD 833,810,000 compared to profit before taxation of USD 59,684,000 a year ago.

For the full year, the company reported revenue of USD 751,515,000 compared to USD 1,053,532, 000 a year ago. EBITDA was USD 257,180,000 compared to USD 415,388,000 a year ago. Adjusted EBITDA was USD 310,527,000 compared to USD 409,903, 000 a year ago. Net loss was USD 707,394,000 compared to net earnings of USD 94,944,000 a year ago. Basic and diluted loss per share was 172.5 cents against earnings per share of 23.2 cents a year ago. Adjusted net earnings were USD 146,218,000 compared to USD 161,021,000 a year ago. Adjusted net earnings per share were 35.7 cents compared to 39.2 cents a year ago. Cash used in operating activities was USD 22,972,000 compared to Cash generated from operating activities of USD 317,976,000 a year ago. Loss before taxation was USD 709,666,000 compared to profit before taxation of USD 242,057,000 a year ago.

For the quarter, the company reported Impairment charge of USD 850,182,000.

The company expects to see a step-down in production from 2017 levels to 435,000-475,000 ounces at increased all-in sustaining cost of USD 935-985 per ounce.