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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.

Acacia grabs price floor for Buzwagi Acacia grabs price floor for Buzwagi Acacia grabs price floor for Buzwagi Acacia grabs price floor for Buzwagi Acacia grabs price floor for Buzwagi

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

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