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Acacia Mining strikes gold in Kenya

Acacia Mining has struck gold in Kenya, reporting the discovery of a “multi-million ounce” gold stream in the western part of the country.

FTSE 250-listed Acacia said initial tests suggested the find was “one of the highest grade projects in Africa today” and the first step in defining a gold-rich corridor in the east African country.

Acacia reported a resource of 1.31 million ounces at 12.1 grams per tonne, totalling 1.3m ounces of gold. However it expects further drilling work to revise this up to at least 2m ounces by the end of the year.


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