Avocet Mining plc announced production results for third quarter of Fiscal year 2013. For the period, the company reported 30,987 ounces, which was below expectations due to lower than planned grades and mill availability. The lower grades in the third quarter partly reflected reduced availability of the mobile fleet, which caused delays in waste stripping to access higher grade ore. The reduced production means that cash costs per ounce in the second half of 2013 are likely to be similar to those in the first half of the year.

The company announced updated full year 2013 guidance for the Inata Gold Mine of 125,000 to 130,000 ounces, reduced from previous guidance of 135,000 ounces.