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UPDATE 2-Barrick profit nearly doubles, flags significant work ahead on Acacia

Nichola Saminather and Shanti S Nair

Acacia@ (Adds CEO comment on Acacia, Acacia statement on North Mara)

Aug 12 (Reuters) - Barrick Gold Corp reported quarterly adjusted profit that nearly doubled on higher production on Monday, and said it has a "great deal of work" ahead resolving the problems around its African unit, whose buyout the company expects to complete next month.

The world's second-largest gold producer reported adjusted profit of $154 million, or 9 cents per share, in the second quarter ended June 30, up from $81 million, or 7 cents per share, a year earlier.

It also said it expects 2019 gold production to be at the higher end of its 5.1 million to 5.6 million range, and all-in sustaining costs to be at the lower end of its $870 to $920 per ounce range.

Barrick's shares rose 0.9% in premarket trading in New York.

The Toronto-based company is in the process of integrating operations following a flurry of activity over the past few quarters, from the acquisition of Randgold Resources late last year to a joint venture in Nevada with the world's biggest gold producer Newmont Goldcorp to the buyout of Tanzania-focused unit Acacia Mining Plc.

Chief Executive Mark Bristow, who led Randgold before taking over leadership of the combined company, said in Barrick's earnings statement that Acacia's operations hadn't been managed by previous Barrick management.

He said Barrick must work to "get to grips" with Acacia's operations, and sort out disputes the London-listed miner has faced in Tanzania.

In a separate statement on Monday, Acacia said the Tanzanian government had lifted a July suspension of gold shipments from its North Mara mine.

Barrick swung to a net profit of $194 million in the second quarter, or 11 cents a share, from a loss of $94 million, or 8 cents, a year earlier, driven by favorable tax adjustments and currency movements, the company said. Analysts had expected a profit of $199.6 million.

Gold output in the quarter jumped nearly 27% to 1.35 million ounces from a year ago, while copper rose about 17% to 97 million pounds. (Reporting by Nichola Saminather in Toronto and Shanti S Nair in Bengaluru; Editing by Shailesh Kuber and Nick Zieminski)