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Acacia Mining sees full year output at or above top end of guidance

Reuters

(Reuters) - Gold miner Acacia Mining Plc (ACAA.L) said it expected to deliver at or above the top end of its full-year production guidance, as its mines performed ahead of expectations.

Acacia, which operates three mines in Tanzania, said it would produce 750,000-780,000 ounces of gold in the year.

The company said its earnings before interest, tax, depreciation and amortisation for the six months to June 30 rose 91 percent to $184.9 million, helped by lower costs and higher gold sales.

(Reporting by Mamidipudi Soumithri in Bengaluru; Editing by Sunil Nair)