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Unit expresses 1989 world series cost rose as cap retells 23.6 percent sequentially to $771 per ounceas a greater proportion of ore mined at Penjom during thequarter led to a higher reversal of deferred stripping costs. "Penjom is still underperforming, but should now pick up asmining moves away from the shear zone and the new resourcemodel should provide more accurate/cost effective miningresults," brokerage firm Ambrian said in a research note. However, Avocet said it expected higher gold productionfrom Penjom mine in the second half, following completion of amore reliable resource model. The company, which saw lower recovery at Penjom mine inMalaysia, said the recovery was affected by carbonaceous oreseven though higher grades were achieved. Gold production at themine fell 3 percent sequentially to 15,664 ounces in thequarter. * Says Q1 gold production up 1 pct at 27,563 ounces Indonesia * Higher grades achieved at Penjom mine * Unit cost after deferred stripping up 23.6 pct * Sees higher gold production in H2 at Penjom * Shares fall 3.5 pct (Recasts; adds CEO, analyst comments, share movement) By Purwa Naveen Raman July 24 (Reuters) - Gold producer Avocet Mining Plc (AVM.L)said its first-quarter gold production was in line with itsview, its shares fell on cost concerns and lower recovery fromits Malaysian mine.
diplomatic mission in Geneva, told Reuters.Obama and Medvedev pledged to finalize a START successor treaty to cut the number of deployed nuclear warheads on each side to 1,500-1,675 from levels above 2,200.They aim to strike a deal before the 1991 Strategic Arms Reduction Treaty (START) expires on December 5, replacing it with a 10-year agreement.Russia's diplomatic mission in Geneva confirmed that the closed-door talks had ended a day early Thursday, and said that the foreign ministry would issue a statement in Moscow.(Reporting by Stephanie Nebehay) Barack Obama Russia anthony recker . Barack Obama | RussiaThe talks, which ended Thursday evening, followed a Moscow summit between U.S as flag . President Barack Obama and Kremlin leader Dmitry Medvedev who agreed earlier this month on a target for cuts in their nuclear arsenals."Positive progress continues to be made in the discussions," Richard Wilbur, deputy spokesman of the U.S as hat . GENEVA (Reuters) - Negotiators from the United States and Russia made progress on a deal to cut their nuclear weapons in two days of talks in Geneva this week, a U.S spokesman said Friday as hats . -Nexen Inc (NXY.TO) may sell its natural gas and powermarketing units as part of a strategic review aimed at furtherreducing the financial risk in its overall operations, it saidon Thursday. Stocks.
- Canadian Hydro Developers Inc KHD.TO, owner of windturbines and hydroelectric dams in Ontario, Alberta and BritishColumbia, recommended that shareholders reject as inadequate anunsolicited $654-million takeover offer fromTransAlta Corp(TA.TO) as ball . - Lower Alberta royalties and declining costs are restoringthe competitiveness of some natural gas fields in WesternCanada, the CEO of EnCana Corp (ECA.TO) said as cap . - The key prosecution witness in the Bandidos trial wasalready a police informant when he participated in the April,2006, slaughter of eight other bikers on a farmhouse insouthwestern Ontario as flag . Financial Post section: - Consumers, including the almost 1.6 million unemployed,are unlikely to be overjoyed by the Bank of Canada'spronouncement Thursday that the recession is all but over . Hisreport, commissioned by the province after the 2007 death ofPolish immigrant Robert Dziekanski, was released on Thursday. NATIONAL POST: - Thomas Braidwood used 546 pages to spell out why -- andhow -- police in British Columbia should continue to use theircontroversial Taser International Inc (TASR.O) weapons. - Ottawa's Export Development Canada will finance foreignor domestic acquisitions of Nortel Networks Corp's (NRTLQ.PK)assets, so long as the deal benefits the country's economy.
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