STOCKS NEWS UK SMALL-Avocet Mining up as gold output rises

STOCKS NEWS Reuters Results diary

Europe [STXNEWS/EU] Real-time Equity News [E] [GB/EQUITY]

UK [STXNEWS/UK] Stocks on the move [HOT-RTRS]

UK smallcaps [STX/UKSC]

09:31GMT 27April2009-Avocet Mining up as gold output rises

----------------------------------------------------------

Avocet Mining's (AVM.L) shares rise as much as 17 percent after the gold miner says gold production was up in the fourth quarter, boosted by operational improvements at its North Lanut mine in Indonesia.

Analyst Jonathan Guy of Investec Securities says: "The North Lanut mine appears to have turned the corner after a difficult year."

The brokerage upgrades the company's stock to "buy" and lifts its price target to 91 pence to include valuation of the company's planned acqusition of Norway's Wega and an assumed higher gold price.

To see Avocet's statement please click on [ID:USN]

Reuters messaging rm://tresa.sherin.reuters.com@reuters.net

09:26 GMT 27Apr2009-Kalahari up on positive uranium deposit results

-------------------------------------------------------------------

Shares in Kalahari Minerals (KAH.L) gain 7.2 percent after Extract Resources (EXT.AX) (EXT.TO), in which Kalahari's uranium unit holds a 38.7 percent interest, announces further positive results from the Rossing South uranium deposit in Namibia.