30 June 2017

Avocet Mining PLC, ("Avocet" or "the Company"), the West African 
focused gold mining and exploration company, has 
today published its report on payments to governments for 2016 (the 
"Report").

This Report provides an overview of the payments to governments made 
by Avocet Mining PLC and its subsidiaries for 
the year ended 31 December 2016 as required under the UK Reports on 
Payments to Governments Regulation 2014 and its 
amendment in December 2015 (the UK Regulations). This Report is also 
intended to satisfy the requirements of the 
Disclosure and Transparency Rules of the Financial Conduct Authority 
in the United Kingdom. 

In accordance with the UK Regulations, this Report includes payments 
to government made by Avocet Mining PLC and its 
subsidiary undertakings. 

This information is substantially a reproduction of information set 
out on pages 19-20 of the 2016 Annual Report. 

Payments made by Avocet to governments arising from mining and 
exploration activities are disclosed in this Report. 

Payments included in the report include corporation tax on profits, 
fuel tax, land tax, permit taxes on exploration 
and mining permits, and royalties on sales of gold and silver. 

A number of other important indirect taxes are excluded from this 
report, including withholding taxes, VAT, and 
payroll taxes. Further details of these payments can be found in the 
2016 Annual Report. 
The governments to whom payments listed in this report have been 
made are those of the Republic of Burkina Faso, and 
the Republic of Guinea. 

Avocet has two relevant projects: the Inata/Bélahouro project in 
Burkina Faso (which includes the Souma deposit), and 
the Tri-K project in Guinea. All costs under Burkina Faso are in 
respect of the Inata/Bélahouro project, while those 
shown under Guinea are exclusively related to the Tri-K project. 

Payments disclosed in this report are shown in US Dollars. Actual 
payments have been made in West African CFA for 
Burkina Faso and Guinea Francs for Guinea, however have been 
translated at average monthly rates.

US$'000	Burkina Faso	Guinea	Total
			
Corporation tax	232	-	232
Fuel tax	1,441	-	1,441
Land tax	653	11	664
Permit tax	-	-	-
Royalties	4,601	-	4,601
Total	        6,927	11	6,938


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 22 May 2017, the Company announced that it had 
completed its agreement to dispose of 40 per cent of the project to 
Managem, a Moroccan group listed on the 
Casablanca stock exchange, 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).