Avocet Mining swings into the red
11th Nov 2009 09:05
Gold miner Avocet Mining reported a pre-tax loss compared with a profit the same time a year earlier after it booked charges at its Penjom gold mine in Malaysia. The Malaysia and Indonesia focused miner said for the six months to 30 September it made a pre-tax loss of $4.5m compared with a pre-tax
Read moreAvocet's golden third quarter
28th Oct 2009 08:23
The rising price of gold continues to add lustre to the results of miner Avocet Mining. The company’s revenues from the sale of gold in the third quarter were up 7% on second quarter levels at $27.9m, and were 12% higher than in the third quarter of 2008. The average realised gold price in the thi
Read moreAvocet reschedules Inata project
14th Sep 2009 07:50
Avocet Mining expects group gold production to reach an annualised rate of 230,000 ounces of gold from three mines by the middle of 2010, despite delays and higher costs at its Inata project. 'Avocet has seen continued improvements in production at North Lanut as well as substantial progress on th
Read moreSecond quarter output edges higher at Avocet
24th Jul 2009 09:35
Gold miner Avocet Mining saw gold production edge higher in the second quarter of 2009 as gold prices did likewise. Gold production in the April to June quarter rose 1% to 27,563 ounces from 27,374 ounces in the preceding quarter. Production levels were consistent with guidance given at the time of
Read moreThursday tips round-up: Stagecoach, Kesa, Northern Foods
25th Jun 2009 06:05
Aside from a secure and rising dividend, Stagecoach's appeal has been an operating performance consistently better than its peers. But its exposure to falling UK rail revenues, a potentially protracted legal spat and this month's revelation that Stagecoach paid £1.2 billion to secure the SWT contrac
Read moreAvocet sees gold output fall by a third
24th Jun 2009 14:26
Gold miner Avocet Mining has completed the acquisition of Wega Mining, which should reverse the decline in gold production the company experienced last year. Total gold production from continuing operations in the year ending 31 march 2009 slipped by a third to 109,919 ounces from 164,832 ounces th
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