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Acacia Mining swings to annual profit in 2018

Reuters - UK Focus

(Corrects to read 14.4 cents, paragraph 2)

LONDON, Feb 11 (Reuters) - Acacia Mining (Frankfurt: 33A.F - news) said on Monday it swung back to profit in 2018 as its gold production and costs beat expectations even as a longstanding tax dispute rumbled on in Tanzania.

The London-listed miner said in a statement basic earnings per share totalled 14.4 cents compared to a loss of 172.5 cents a year earlier.

(Reporting by Zandi Shabalala; editing by Jason Neely)