Acacia has agreed to sell a non-core royalty over the Hounde mine in Burkina Faso for US$45m.
The existing 2% net smelter royalty has been owned by Acacia and its predecessor companies since 2010.
Following a competitive process the royalty has been purchased by Sandstorm Gold Ltd, a TSX- and NYSE-listed company.
Acacia said its decision to dispose of this royalty followed the announcement of commercial production at the mine in October and was consistent with its disciplined approach to capital allocation.
It said the transaction was expected to close in early Q1 2018 and, together with the measures taken at both Bulyanhulu and Buzwagi to reduce cash outflows, would provide further strength to its balance sheet.
At 9:23am: (LON:ACA) Acacia Mining Plc share price was +1.75p at 181.45p