|Day's Range||20.19 - 20.68|
|52 Week Range||18.52 - 27.19|
|PE Ratio (TTM)||16.77|
|Dividend & Yield||0.12 (0.74%)|
|1y Target Est||N/A|
Acacia Mining, one of the largest gold producers in Africa, will be forced to close its flagship mine in Tanzania unless the government lifts an export ban that has seen the company chew through almost ...
Acacia Mining aims to reinstate its dividend in early 2018 if Tanzania ends a concentrate export ban that forced the miner to abandon a payout for the first time, it said on Friday. Shares were down 10 percent by 1226 GMT after earlier touching their lowest since February 2016 at 242 pence. Since the ban was imposed in March the London-listed Acacia, majority owned by Barrick Gold, has nearly halved in value and is burning $10 million to 15 million of cash a month.
At least two senior employees at Acacia Mining Plc have been detained for questioning by Tanzanian authorities over the past week, escalating a dispute between the company and the state.