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BUZZ-Acacia Mining: Subdued Q3 production hits stock

* Gold miner Acacia Mining hits lowest in almost a yr after co says Q3 production was lower than expected

** Says lower-grade ores mined at its Bulyanhulu and Buzwagi mines in Tanzania

** Q3 production 164,000 ounces vs 190,986 ounces a year ago

** “With the Acacia story all about bringing Buly (Bulyanhulu) to account, this is a significant set-back, and likely to bring our numbers down despite the fact that Q4 looks better.” Numis analysts said (recommendation under review)

** Miner expects FY production to be around last year’s level of 718,851 ounces

** Stock down 15.5 pct & bottom performer on the FTSE All Share Mining Index, FTSE All Share Index and the FTSE Mid 250 Index




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