Kurs & Likviditet
Beskrivning
| Land | Storbritannien |
|---|---|
| Lista | OB Standard |
| Sektor | Råvaror |
| Industri | Gruvdrift & metaller |
2017-05-22 08:23:11
22 May 2017
Avocet Mining PLC,
("Avocet" or "the
Company"), the West
African focused gold
mining and
exploration company,
provides an update
on the Tri-K
transaction.
First Closing of the
Tri-K project
completed
Avocet received the
decree signed by the
Guinean President
ratifying the Mining
Convention for the
Tri-K project
earlier this month.
Following this, the
so-called 'First
Closing' was
completed today and
the Company has
received from
Managem USD 4
million for 40 per
cent of its interest
in the project.
FOR FURTHER
INFORMATION PLEASE
CONTACT
Avocet Mining PLC
Boudewijn Wentink,
CEO
Yolanda Bolleurs,
CFO
+44 20 3709 2570
Blytheweigh
Financial PR
Tim Blythe
Camilla Horsfall
Megan Ray
+44 207 138 3204
J.P. Morgan Cazenove
Corporate Broker
Michael
Wentworth-Stanley
+44 20 7742 4000
NOTES TO EDITORS
Avocet Mining PLC
("Avocet" or the
"Company") is an
unhedged gold mining
and exploration
company listed on
the London Stock
Exchange (ticker:
AVM.L) and the Oslo
Børs (ticker:
AVM.OL). The
Company's principal
activities are gold
mining and
exploration in West
Africa.
In Burkina Faso the
Company owns 90 per
cent of the Inata
Gold Mine. The Inata
Gold Mine poured its
first gold in
December 2009 and
produced 72,485
ounces of gold in
2016. Other assets
in Burkina Faso
include five
exploration permits
surrounding the
Inata Gold Mine in
the broader
Bélahouro region.
The most advanced of
these projects is
Souma, some 20
kilometers from the
Inata Gold Mine.
The Company also
holds an interest in
the Tri-K project in
Guinea. On 10
October 2016, the
Company announced
that it had agreed
to dispose of 40 per
cent of the project
to Managem, a
Moroccan group
listed on the
Casablanca stock
exchange, which,
which will increase
upon completion of a
bankable feasibility
study for a CIL
plant at the site,
the incurring of
expenditures of at
least US$10 million,
and the enlarging of
the ore reserve, to
70 per cent (in the
event of an increase
of the reserve to 1
million ounce or
more) or 60 per cent
(if less than 1
million ounces).