Gold miner Acacia Mining Plc said it expected full-year production to be around 5 per cent higher than the top end of its earlier forecast, helped by a strong performance in the first nine months of the year.
Acacia, which operates three mines in Tanzania, earlier expected to produce 750,000-780,000 ounces of gold this year.
The company said its core profit rose to $124.8 million for the third quarter ending Sept. 30, more than five times its earnings a year earlier.
Quarterly gold production rose 25 per cent to 204,726 ounces.