Acacia Mining PLC is a gold exploration and production company focused on delivering sustainable precious metals output in East Africa. As an established player in the gold mining industry, the firm specializes in the extraction, processing and sale of gold doré bars and related byproducts. Acacia operates with a vertically integrated approach that spans from greenfield exploration through to mine development and eventual reclamation of mining sites, ensuring a full-cycle commitment to resource stewardship and community engagement.
The company’s principal assets comprise three underground and open-pit gold mines in northern Tanzania: Bulyanhulu, North Mara and Buzwagi. Each site utilizes conventional underground block caving or open-pit mining techniques, followed by milling and carbon-in-leach processing to recover gold. Acacia places a strong emphasis on optimizing ore recovery rates and maintaining safety standards, while also investing in ongoing exploration programs to extend the operational life of its reserves and identify new targets within its Tanzanian license areas.
Originally established in 2010 as African Barrick Gold following a spin-out from Barrick Gold Corporation, the company rebranded as Acacia Mining in 2014 to reflect its independent corporate identity. Over the years, Acacia has navigated a range of policy and regulatory challenges, including negotiations with the Tanzanian government on royalty and licensing frameworks. These engagements have shaped the company’s robust social responsibility initiatives, which support local infrastructure, education and health services in host communities.
Acacia Mining’s leadership team is headed by Chief Executive Officer Brad Gordon, who brings extensive experience in finance and operational management from his previous roles within the gold mining sector. Under his stewardship, the board continues to prioritize sustainable growth, cost discipline and the advancement of environmental, social and governance (ESG) best practices. The company remains committed to transparent reporting and stakeholder collaboration as it pursues long-term value creation in Tanzania’s gold belt.
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