Avocet Mining’s Annual Profit slipped 10% on lower output
Gold producer Avocet Mining Plc declared that its annual pretax profit slipped 10 percent as lower output and higher costs outweighed higher gold prices. For full story, click here
Articles Tagged "avocet"
Gold Miner Avocet Mining’s Shares rose 17 percent
Avocet Mining’s shares surged as much as 17 percent after the gold miner declared gold output was up in the fourth quarter, boosted by operational improvements at its North Lanut mine in Indonesia. For full story, click here
Gold Price Soars, Then Slides
By Kishori Krishnan Exclusive to Gold Investing News Gold jumped to its highest in Asia in almost four weeks on Monday as fears of a global flu pandemic prompted investors to seek safer assets. By Tuesday however, gold slipped below $900 for the first time since Thursday. It jumped to its highest since early April [...]
Avocet Mining agreed to purchase Wega to boost gold output
Avocet Mining Plc. announced that it has agreed to purchase Wega Mining ASA for $78.6 million to expand into West Africa and create a gold producer with output of almost 300,000 ounces a year. For full story, click here
Increased price lifts Avocet
Gold miner Avocet reported output in line with expectations in the Q2 and benefited from increased prices for the yellow metal. For full story, click here For company’s website, click here
