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Acacia cash up with $300m bill looming

Acacia Mining (LSE:ACA) has upped its cash reserves after a positive June quarter, now with US$120 million on the books as it faces a $300 million payment to the Tanzanian government.

Acacia cash up with $300m bill looming Acacia cash up with $300m bill looming Acacia cash up with $300m bill looming Acacia cash up with $300m bill looming Acacia cash up with $300m bill looming

North Mara workers did well in the June quarter

Acacia produced 133,778 ounces of gold in the three-month period, a 10% increase on the previous quarter.

North Mara provided the bulk of the gold, with Bulyanhulu on care and maintenanc...