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Avocet Increases Profits Despite Lower Production
May. 03, 2012 11:33AM PST
Precious Metals InvestingReuters reported that Avocet Mining (LSE:AVM) reported an increase in first quarter profits, even though production was down by 20%.
Reuters reported that Avocet Mining (LSE:AVM) reported an increase in first quarter profits, even though production was down by 20%.
As quoted in the market news:
Profit before tax and exceptionals from continuing operations rose to $20.8 million from $12.6 million a year ago. Average realized gold price rose to $1,543/oz from $1,172/oz.
