AVM Avocet Mining PLC


Avocet Mining PLC (AVM) is a West African focused gold mining and exploration company with operations in Burkina Faso and Guinea. The Company is listed on the London Stock Exchange and the Oslo Børs. In 2014, Avocet produced 86,037 oz. of gold from the Inata Gold Mine. In March 2015, the Company received a Mining Permit for its Tri-K project in Guinea.

Hjemmeside: www.avocetmining.com



18.12.2017 14:00
Avocet has agreed the sale of its Burkina Faso assets

Avocet ("Avocet" or the "Company") announces today that it has entered into an agreement to sell all of its assets in Burkina Faso, including the Inata gold mine, together with certain receivables of the Company's group to the Balaji Group of companies (the "Balaji Group") for a total consideration of USD 5 million (the "Sale"). Of this consideration, USD 2.5 million will be payable in cash at completion and USD 2.5 million will be paid by way of deferred payments.

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