LONDON (Reuters) – Acacia Mining 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, whose shares rose 3.5 percent, said in a statement that basic earnings per share totaled 14.4 cents compared to a loss of 172.5 cents a year earlier.

In 2018, gold production was 521,980 ounces at an all-in sustaining cost

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