New Thread as requested by Wirral Owl.

6 Months Chart:-



10 Day Chart:-



Cheers

Ash

65p now and still falling

2012 Fourth Quarter Production Results

Avocet Mining PLC ("Avocet" or "the Company") today announces its production and cash costs for the fourth quarter of 2012 from its Inata Gold Mine in Burkina Faso:

· Total gold production for the quarter was 30,909 ounces at a total cash cost (including royalties) of US$1,246 per ounce. This compares with 33,067 ounces produced in the third quarter of 2012 at a total cash cost of US$937 per ounce, and with 46,102 ounces produced at a total cash cost of US$773 per ounce in the fourth quarter of 2011;

· Gold production from the Inata Gold Mine for the year was 135,189 ounces at a total cash cost (including royalties) of US$1,000 per ounce, in line with revised guidance. This compares with 166,744 ounces at a total cash cost of US$693 per ounce from the Inata Gold Mine for the year ended December 2011.

As expected, cash costs rose in the fourth quarter due to consultant fees paid to Alexander Proudfoot, a full quarter of costs associated with the hired mining fleet and scheduled maintenance of Inata's own mining fleet. The impact of such items is expected to be lower in future quarters. In addition, movements in gold in circuit, which reflect the timing of gold pours, added approximately US$190 per ounce compared with the previous quarter. This reflects 4,568 ounces being added to gold in circuit inventory during the fourth quarter, compared with a reduction in inventory of 2,631 ounces in the third quarter.

Anybody any idea why these (and TSTL) have tumbled so dramatically this am?

RNS out for AVM does not make happy reading, dealerdear.

Thanks for that db4. For some reason the RNS didn't appear on my screen at the time.

This was evident from last year.

post 185 - because those in the know knew what those not in the know didn't know and they didn't know they didn't know either! - an emergency cash call apparently

.

Were you actually considering investing here Mr C?

more than 3 years ago????
don't remember, but doubt it and certainly did not

Lots of gold minnows for you to have a look at. All seem to be high risk, imo.

minnows are of no interest to me ..... buy quality, especially in the current markets, though they're more indian bazaar (or even bizarre) than followers of newton