Acacia Mining PLC is a precious metals company primarily engaged in gold exploration, development and production. The company’s core operations have historically been focused on Tanzania, where it has advanced three principal mining projects: Bulyanhulu, Buzwagi and North Mara. Through these operations, Acacia is involved in all stages of the gold value chain, from open‐pit and underground mining to ore processing and concentrate production.
Originally established as African Barrick Gold in 2010 following a spin‐out from Barrick Gold Corporation, the company rebranded as Acacia Mining in 2014 and maintained a dual listing in London and on the Toronto Stock Exchange. Over its history, Acacia has invested significantly in exploration and resource development across East Africa, delineating multiple satellite deposits and conducting regional prospecting to extend the mine life of its principal assets.
While its corporate headquarters have been based in London, Acacia has maintained regional and field offices in Dar es Salaam and Mwanza to manage technical, environmental and social programs in close collaboration with Tanzanian authorities and local communities. The company has implemented community relations and environmental stewardship initiatives aimed at promoting sustainable development and ensuring compliance with national mining regulations.
Acacia’s leadership team has drawn on a roster of mining and finance professionals with extensive experience in gold project execution and international capital markets. Prior to its acquisition by Barrick Gold Corporation in 2019, the board and executive management were responsible for strategic planning, risk management and operational oversight designed to optimize production and maintain a strong health and safety record across all sites.
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