Updates

Avocet Mining

March 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.

A strong update from gold miner Avocet with Q4 production increasing from 67,800 oz to 70,900 oz, while year-end production rose 115% to 236,000 oz, which beat its own guidance of 220,000 oz by 7.5%. Importantly, its flagship Inata mine in Burkina Faso increased production 14% to 46,200 oz over Q3 with cash costs dropping from US$526 / oz to US$511, helped by higher head grade than forecast of 2.68 g/t. Since then Avocet has announced encouraging drilling results at Inata with two northern extensions showing the resource extends along strike and at depth and further results will be unveiled in coming months. With the US$200m disposal of the Indonesian and Malaysian assets likely to be completed soon, Avocet is well-placed t ...

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Hornby

TMI Trader Portfolio - March 11

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 (August 2011)

Avocet Mining - Inata mine drives strong results (April 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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