Kurs & Likviditet
Beskrivning
| Land | Storbritannien |
|---|---|
| Lista | OB Standard |
| Sektor | Råvaror |
| Industri | Gruvdrift & metaller |
2017-01-25 08:00:00
25 January 2017
Avocet Mining PLC ("Avocet" or "the Company"), the West
African focused gold mining and exploration company with
operations in Burkina Faso and Guinea, announces that,
further to the announcement on 29 November 2016, and the
passing of the relevant resolution by its shareholders at
the General Meeting held on 22 December 2016, the Company's
listing category will be transferred from "premium listing
(commercial company)" to "standard listing (shares)" as of
08.00 a.m. today.
The Company's ordinary shares will continue to trade on the
London Stock Exchange's Main Market.
FOR FURTHER INFORMATION, PLEASE CONTACT
Avocet Mining PLC
David Cather, CEO
Jim Wynn, FD
+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 74,755 ounces of gold in 2015.
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 remains subject to approval by the Guinean
National Assembly, and 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).