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Avocet Mining

August 2011

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

During the past couple of months Avocet has announced quarterly results and an increase in its resources, neither of which could prevent the shares falling in line with puzzling weakness in the gold mining sector. However, the announcement on 27 June that it has completed the sale of the majority of its non-core Southeast Asian assets for US$170m, leaving a further US$30m still to be received, has finally rallied the shares back to 221p. Those first quarter results for the three months to 31 March showed that its main asset, the West African Inata gold mine produced almost 48,000 oz at a cash cost of US$533 / oz, compared with 46,208 at US$511 / oz in Q4 2010, which was in line with expectations. Since then there has been a labour ...

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Avocet Mining (August 2012)

Avocet Mining - Aiming to triple gold production to 500,000 oz by 2015 (March 2012)

Avocet Mining - Moving to the Full List (December 2011)

Avocet Mining - Restructures gold hedge (October 2011)

Avocet Mining - Inata mine drives strong results (April 2011)

Avocet Mining (March 2011)

Avocet Mining - Disposes of non-core assets (February 2011)

Avocet Mining - On course to at least double gold reserves to 2m oz (January 2011)

Avocet Mining - Gold play focusing on big reservesâ€™ upgrades to drive shares highe (December 2010)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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Avocet Mining

August 2011

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