4th quarter gold production

RNS Number:8830K
Avocet Mining PLC
09 May 2003







                         FOURTH QUARTER GOLD PRODUCTION





Avocet Mining is pleased to announce fourth quarter gold production of 46,240
ounces, bringing the total for the financial year ended 31 March, 2003 to
134,581 ounces.



Gold production from Penjom in Malaysia amounted to 30,560 ounces for the fourth
quarter bringing Penjom's total production for the financial year to a new
annual record of 108,905 ounces.  Total cash costs at Penjom are estimated to be
US$190/oz for the fourth quarter and US$204/oz for the financial year (2002:
US$239/oz and US$225/oz respectively).



Production from Zeravshan Gold Company (ZGC) in Tajikistan for the fourth
quarter was 15,680 ounces, bringing total production for the five months since
acquisition to 25,675 ounces. Total cash costs at ZGC are estimated to be US$278
/oz for the fourth quarter and US$284/oz for the five months since acquisition.



Avocet is a mining company listed on the Alternative Investment Market (AIM) of
the London Stock Exchange.  The company's principal activities are gold mining
and exploration in Malaysia (as owner of the Penjom mine, the country's largest
gold producer), Tajikistan (as 49% owner and operator of the Zeravshan Gold
Company, Tajikistan's principal gold mine), and Indonesia (where it has an
advanced stage gold exploration property in North Sulawesi, currently at the
feasibility stage).









__________________________________________________________________________________________________

For further information please contact:

Avocet Mining PLC                      4C Communications Ltd

John Catchpole (Chief Executive)       Carina Corbett

Jonathan Henry (Finance Director)      020 8949 7171

020 7907 9000                          020 7907 4761

www.avocet.co.uk
--------------------------


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

MSCILFLDETITIIV