ASX Tip Avoca Resources November 3 2010

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    Avoca Resources (AVO) is a gold producer focused on becoming the next

    Australianmid-tier gold mining company.

    AVO

    sbase operation is its Higginsville Gold Project in Western Australia, which containsthe Trident Underground Mine, AVOs trump card.

    Gold miners have been among the hot stocks in recent months, benefiting from record high bullion prices.

    On 1 November, AVO reported its 1Q11 production numbers, with gold output rising 28% on-year to 64,783 ounces.

    Cash costs rose to $577/oz from $428/oz a year ago, but this was compensated by an increase in the price of its gold

    sales to $1360/oz, from $1158/oz.

    AVO also forecast an increase in gold output during the 2Q10 to 70,000 ounces.

    Learn more about AVO and Australian GoldStocks with a free trial.

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    Tags: ASX AVO, ASX News, AVO, AVO News, AVO Shares, AVO Stocks, Avoca News, Avoca Resources, Gold Stocks, Hot Stock

    Picks, Hot Stocks, Mining Shares, Share Market News, Share Tips, Stock Tips

    Posted in ASX Top 200 XJO, ASX Top 500 All Ordinaries, Australia Shares, Best Shares, Financial News, Gold Stocks Australia, Hot

    Stock Picks, Market Sectors News, Materials Stocks, Mining Shares Australia, S&P ASX News, Top Stocks

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