Coupon stockpile september 201612/11/2023 ![]() Our view: Due to strong performance in the quarter to date at North Mara, Acacia continue to expect Q3 production to be broadly in line with Q1 2016, as guided at the interim results. The treatment of reclaimed tailings will continue, as will underground development and drilling activities. They have put stoping operations on hold until the plant is running and providing consistent paste fill. Whilst the plant has been down, Acacia state they have built a surface stockpile of 11,300 ounces, with a further 7,400 ounces in stockpiles underground. A team of specialists is working with personnel on site in order to establish the root cause of the problem and a timeline for resuming normal operations. The planned maintenance was concluded successfully and Acacia recommenced full scale hoisting in early September, however the Company have not been able to run the plant consistently since the shutdown due to repeated overheating of the ball mill trunnion bearing. In parallel with this, the Company undertook a programme of works on the process plant over a similar time frame. In a operations update Acacia announced during the third quarter, the Company undertook a planned two-week shutdown of the vertical shaft at Bulyanhulu to refurbish and modernise the production and service winders. This sharp increase in prices is partially due to a surge in buy-to-let investors, which snapped up properties before the 3% rise in stamp duty in April.Īcacia Mining ( LON:ACA, 473p) - Speculative Buy On a y-o-y basis, house prices expanded 4.0%, following a 4.1% rise in the previous month. On Friday, WTI prices decreased 2.0% to US$43.03 per barrel, while Brent oil prices fell 1.8% to US$45.77 per barrel.Īs per property tracking website Rightmove, the average asking price of houses in the UK increased 0.7% m-o-m in September to £306,499 after a 1.2% drop in August. The Nikkei 225 rose 0.7%, and the Hang Seng was trading 0.8% up at 7:00am. Oil prices increased amid news that OPEC and non-OPEC producers could reach an agreement to limit production. For the week, the markets ended 0.5% higher.Įquities are trading higher as investors await the outcome of the central bank's meetings in the US and Japan later this week. Moreover, investors remained concerned ahead of the Fed's meetings later this week. Wall Street ended in the red as weak oil prices pressured energy stocks. Germany's DAX and France's CAC 40 shed 1.5% and 0.9%, respectively. In continental Europe, markets ended in the red as Deutsche Bank's shares plunged, setting the pace of loss in banking stocks. The FTSE-100 finished Friday's session 0.30% lower at 6,710.28, whilst the FTSE AIM All-Share index closed 0.73% higher at 808.02. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Proactive will on occasion use automation and software tools, including generative AI. The team also has access to and use technologies to assist and enhance workflows. Our human content creators are equipped with many decades of valuable expertise and experience. Proactive has always been a forward looking and enthusiastic technology adopter. ![]() The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. This is content that excites and engages motivated private investors. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience.
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