Avocet Mining Plc (AVM.L) reported a slight increase in first-quarter 2012 pre-tax profit to $20.74 million from $20.32 million, and profit before tax and exceptionals rose to $20.84 million from $20.32 million last year.
However, total profit attributable to equity shareholders of the parent company was $12.49 million pounds, lower than $14.09 million pounds a year earlier. Total earnings per share also declined to 6.20 cents from 6.96 cents in the comparable period.
Production and cash costs are in line with view and full-year guidance of 160,000 ounces of production at a cash cost of between $800 - 850 per ounce remains in place.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.