May 8 Gold miner Avocet Mining Plc said
total gold output in the first quarter fell 24 percent as it
lost nine production days in March due to refurbishment work at
its Inata mine in Burkina Faso.
The company, whose primary operations are in Burkina Faso
and Guinea, said production for the quarter ended March 2014 was
23,148 ounces, down from 30,481 ounces a year earlier.
Cash costs rose to $1,178 per ounce from $1,169 per ounce a
Avocet said it expected full-year gold production of 105,000
to 115,000 ounces at a cash cost of between $1,000 and $1,100
(Reporting by Karen Rebelo in Bangalore; Editing by Sunil Nair)