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Acacia grabs price floor for Buzwagi

Gold miner takes advantage of recent gains in the spot price

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,...

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