Avocet Mining plunges on production downgrade

Avocet Mining saw its share price plunge on Friday after the gold miner admitted that it now expects its gold production for 2012 to be reduced from 160,000 ounces to between 135,000 and 140,000 ounces.

Avocet Mining saw its share price plunge on Friday after the gold miner admitted that it now expects its gold production for 2012 to be reduced from 160,000 ounces to between 135,000 and 140,000 ounces.

In addition, production guidance for 2013 has been lowered from the previous figure of 160,000 ounces to between 150,000 and 160,000 ounces.

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