The Daily Telegraph

Acacia: we have the cash to last Tanzania dispute

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Gold miner Acacia has attempted to reassure investors it has enough cash in the bank to weather a prolonged dispute with the government of Tanzania, where it operates. The FTSE 250 company said it had cash reserves of $165m (£128m), plus 15,000 ounces of unsold gold bars on hand worth approximat­ely $19m.

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