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Avocet Mining - Moving to the Full List

December 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.

  • Epic Code:
  • AVM
  • Price:
  • 233p
Q3 results from West African gold miner Avocet unveiled EBITDA of US$15m compared with US$16.6m in Q2. Production at its Inata mine was 33,256 oz at a cash cost of US$830 / oz compared with 39,423 at US$677 / oz in Q2. The decline has been blamed on a technical problem, the SAG mill drive motor failed in July, as well as lower recovery rates due to a greater proportion of ore being mined at deeper levels. However, by the end of the quarter production had switched to the main Inata Central pit with recovery rates now expected to improve.    ...

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Related Articles

Avocet Mining (August 2012)
Avocet Mining - Aiming to triple gold production to 500,000 oz by 2015 (March 2012)
Avocet Mining - Restructures gold hedge (October 2011)
Avocet Mining (August 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 reserves’ 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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