Established 1835
RESOURCE STOCKS
✕
AFRICA STORIES

Acacia grabs price floor for Buzwagi

The recent gold price rise has presented opportunities to gold miners, one of those opportunities is the potential to raise equity funds on the back of renewed market interest in the commodity; another is the option to lock in an improved gold price in case the rally is short lived.

Mining Journal
Management recently recorded a US$189 million impairment on Buzwagi's value due to a lower gold price assumption

Management recently recorded a US$189 million impairment on Buzwagi's value due to a lower gold price assumption

Acacia, the Barrick subsidiary that produces gold in Tanzania, has taken advantage of the latter opportunity, implementing a zero cost collar hedge covering about 72% of this year's production from Buzwagi,...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now
RELATED ARTICLES
MORE ON THIS TOPIC

FROM OUR PARTNERS

View more
RESOURCE STOCKS

Northern Territory Copper Project Well Positioned

RESOURCE STOCKS

PolarX Strongly Backed by Gold Major

MOST POPULAR

1
BASE METALS

Chile copper exploration costs increase 1000%

2
LONDON TO A BRICK

Aim gold miner readies $200m war chest as Philippines opens to the West

3
BASE METALS

Copper sulphide leaching a holy grail?

4
PRECIOUS METALS

Gold's baffling bull market

RESEARCH

lock Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.

Content
about
SOLUTIONS
legal

THE ASPERMONT BRAND PORTFOLIO

Copyright © 2000-2024 Aspermont Media Ltd. All rights reserved. Aspermont Media is a company registered in England and Wales. Company No. 08096447. VAT No. 136738101. Aspermont Media, WeWork, 1 Poultry, London, England, EC2R 8EJ.

Login