Avocet Mining Plc reported audited consolidated earnings and production results for the full year ended December 31, 2016. For the full year, the company's revenue was $89,604,000 against $85,038,000 a year ago. Profit from operations was $9,464,000 against loss of $52,518,000 a year ago. Profit before taxation was $5,278,000 against loss of $55,698,000 a year ago. Profit attributable to equity shareholders of the parent company was $3,623,000 or 17.33 cents per diluted and basic share against loss of $45,732,000 or 218.76 cents per diluted and basic share a year ago. EBITDA was $12,005,000 against loss of $1,996,000 a year ago. Net cash generated by operating activities was $13,290,000 compared to $3,038,000 a year ago. Payments for property, plant and equipment was $149,000 compared to $3,793,000 a year ago. Net debt at December 31, 2016 was $49,122,000 compared to $60,204,000 a year ago.

For the year, the company's gold production at Inata gold mine of 72,485 oz compared to 74,755 oz a year ago. Total ore mined at Inata gold mine was 1,341,000 tonnes compared to 1,313,000 tonnes a year ago.