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Avocet forecasts higher gold output for Inata mine in FY'16

Avocet MiningPlc said April 28 that it expects the gold mine in Burkina Fasoto produce between 75,000 ounces and 85,000 ounces this year.

The guidance range was higher than the ounces produced in 2015.

In the first quarter, Inata produced 20,528 ounces of goldat a cash cost of US$925 per ounce, improving from the fourth quarter of 2015when the mine produced 17,379 ounces at a cash cost of US$1,094 per ounce.

"Production in the first quarter benefited from aperiod of treating cleaner ores, which enabled higher recoveries to be achieved(91% compared with an average of 67% for 2015)," the company said.