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Acacia Mining reports fall in H1 earnings as costs rise

Acacia Mining reported a fall in first-half core earnings due to an impairment on a project and higher costs mainly stemming from arbitration with the Tanzanian government.

The London-listed miner said earnings before interest, taxes, depreciation and amortisation (EBITDA) fell to $133.6 million, from $161 million a year earlier. It also recorded a net loss of $19.1 million in the second quarter.

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