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Gold miner Acacia Mining is topping the league tables this morning.

The company’s shares are the strongest performers in the FTSE All Share index on Tuesday morning, after the miner more than doubled its dividend for 2016 and outlined a positive outlook for 2017.

Stock in the Africa-focused miner, which is majority owned by Barrick Gold, the world’s largest gold miner, climbed 5.9 per cent in early trade to more than $492 pence per share.

Acacia’s stock has already risen 32 per cent this year following a 107 per cent jump in 2016 amid rising gold prices driven by geopolitical uncertainty.

Earlier on Tuesday, Acacia said reported a 21 per cent jump in revenues to $1,054m in 2016, aided by a 13 per cent increase in gold sales and a 7 per cent gain in the gold price.

Copyright The Financial Times Limited 2017. All rights reserved.
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