Acacia raises gold output by 25pc

FTSE 250 gold miner Acacia has had another glittering performance in its third quarter.

Shares in the Tanzaniabased company rose nearly 13pc to 529p after it reported a 25pc leap in gold production year on year, while the miner’s cash costs per ounce fell by 26pc. “We’ve lowered costs in every part of the business – we’ve re-engineered our mines,” said Brad Gordon, chief executive.