Avocet says repairs at Burkina Faso mine hit gold output

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May 8 (Reuters) - Avocet Mining Plc (LSE: AVM.L - news) reported a 24 percent decline in gold output for the first quarter after losing nine days of production to the refurbishment of a mill at its flagship Inata mine in Burkina Faso.

The company's shares fell more than 8 percent in early trading on Thursday.

Avocet, which mines gold in Burkina Faso and Guinea, said it expected full-year gold production of between 105,000 and 115,000 ounces at a cash cost of between $1,000 and $1,100 per ounce.

In 2013, Avocet produced 118,443 ounces of gold at a cash cost of $1,203 per ounce.

Avocet's shares lost more than 85 percent of their value last year as a tumbling gold price accentuated a hefty reserve downgrade at the Inata mine.

The company said its total gold production fell to 23,148 ounces for the quarter ended March 31 from 30,481 ounces a year earlier.

Cash costs in the first quarter rose marginally to $1,178 per ounce from $1,169 per ounce a year earlier.

Avocet also missed a $15.8 million loan repayment to its largest shareholder, Elliott Management Corp, earlier this year.

The stock was trading down 8.4 percent at 8.25 pence on the London Stock Exchange (Other OTC: LDNXF - news) at 0753 GMT. (Reporting by Karen Rebelo in Bangalore; Editing by Sunil Nair and Robin Paxton)