Avocet Mining losses narrow

Gold miner Avocet Mining yesterday said its losses narrowed in the three months to September, down from £33.5m to £323,000 year-on-year. Gold production fell slightly year on year, to 33,067 ounces from 33,256 over the same period in 2011. Full year gold production guidance has been maintained at between 135,000 and 140,000 ounces.