Avocet lifts quarterly gold output to 28 734 oz

Aim-listed gold-miner Avocet Mining’s output increased to 28 734 oz in the September quarter, boosted by production from the Penjom mine, in Malaysia, and the North Lanut mine in Indonesia. The company’s gold output increased by 3%, when compared with the 27 756 oz produced in the same quarter last year. Read more….

Avocet to apply for secondary listing on Oslo bourse

Aim-listed gold company Avocet Mining, which owns operations in Burkina Faso, Indonesia and Malaysia, would apply for a secondary listing on the Oslo Stock Exchange (OSE), and has appointed an adviser in relation to the application for the secondary listing. The London-headquartered company said in a statement on Thursday that as a result of the [...]

Avocet Mining produces 27k ounces during Q4

Avocet Mining has announced that its gold production for the fourth quarter of the 2009 fiscal year was 27,374 ounces. The company reported that cash costs stood at $624/oz (£425/oz), compared with $544/oz for the 26,766 ounces of gold produced in the previous three months. However, the average realised gold price for the fourth quarter [...]

Cash rich Avocet Mining reports increased quarterly gold output

Avocet’s Q4 gold production at 27,374 oz was up 2% on previous quarter, but overall YOY production fell and costs rose sharply Read more….

Avocet Mining to acquire Wega Mining for $108 million in shares and debt

The proposed acquisition of Wega Mining will raise Avocet Mining’s attributable reserves 146% to 1.4 million ounces and attributable resources, including reserves, by 91% to 4.5 million ounces. Read more….

Avocet Mining forecast full-year profits

Avocet Mining has predicted that it will deliver full-year profits in line with analysts’ expectations as a result of cost-cutting initiatives and higher gold prices that have balanced out a fall in production. [ad] The company reported that its gold production for the quarter to December 2008 fell slightly to 26,766 ounces at a cash [...]