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BUZZ-Acacia Mining: Sees FY production ahead of forecast

Reuters - UK Focus

** Gold (Other OTC: GDCWF - news) miner Acacia's shares up as much as 14 pct, top of the FTSE 250, after saying it sees FY gold production ahead of its previous forecast

** Co sees 2016 gold production about 5 pct ahead of top of earlier guidance of 750,000-780,000 ounces

** Co also sees FY reported all-in sustaining cost towards bottom of earlier range of $950 - US$980 per ounce

** Shares (Berlin: DI6.BE - news) hit highest in nearly two months, though paring gains and last seen up 10 pct

** 70 pct of co's 30-day avg vols gone through in the first 40 minutes of trade, among most traded FTSE 350 companies by avg vols (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)