Amara Mining output rises 86pc

Amara Mining, the West Africa-focused gold miner, yesterday posted an 86 per cent rise in production in the fourth quarter compared to the previous quarter and said full-year production hit 42,348 ounces. The Aim-listed company set its 2014 production guidance at 60,000 to 70,000 ounces. “We note the update provides no cost guidance and suspect that margins will have been extremely tight,” warned Investec.