Gold miner Beadell Resources's share price has risen by more than 10 per cent even though its gold sales for 2014 were below guidance.
Its share price was up 2.5 cents, or 11.1 per cent, at 25 cents at 1250 AEDT.
This occurred after it told the Australian Securities Exchange its total gold sales for calendar year 2014 stood at 166,000 ounces, which was seven per cent below the lower end of its guidance for 180,000 ounces.
Beadell had expected to finish mining at its Duckhead deposit in Brazil by the end of last year but this was pushed back until mid-January.
Consequently, 8,000 ounces of additional gold will be included in the January sales tally.
Managing director Peter Bowler said production targets for 2014 would have otherwise been met.
"Quarterly production and costs wre very pleasing even though we missed the targeted completion date of Duckhead by two weeks which would have ensured gold sales guidance was met," he said in a statement.
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