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Under pressure Acacia bolsters cash balance

Acacia Mining (LN:ACA) has agreed to sell a royalty on the Houndé mine in Burkina Faso for US$45 million as it looks to shore up its balance sheet in the face of continuing operating issues in Tanzania.

Under pressure Acacia bolsters cash balance Under pressure Acacia bolsters cash balance Under pressure Acacia bolsters cash balance Under pressure Acacia bolsters cash balance Under pressure Acacia bolsters cash balance

Houndé declared commercial production in October

The company will sell the 2% net smelter royalty to Sandstorm Gold (CN:SSL).
 
Houndé is operated by Endeavour Mining (CN:EDV) and declared commercial produ...