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Avocet Mining
AVM: 11.62 0.00 ( 0.00 %) delayed: 05:00AM


  • Avocet Mining eyes liquidation following sale of stake in Tri-K gold project
    Friday 28 Jun 2019 08:01

    Avocet Mining said it had decided to place the company into a members' voluntary liquidation and use the proceeds from the sale of its stake in Tri-K gold project in Guinea to pay ongoing expenses and repay any remaining debt. The decision to place the company into members voluntary liquidation...
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  • Avocet Mining transfers final 30% interest in Guinea mine to Managem
    Wednesday 05 Sep 2018 14:29

    Avocet Mining said it had transferred its remaining 30% interest in the Tri-K gold project in Guinea to Moroccan company Managem, but was still in discussions about costs. Avocet had last year agreed to sell its 70% holding the project to Managem and received an initial payment in May of $4m for...
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  • Avocet Mining offloads Norwegian subsidiary to pay overdue loans
    Friday 16 Mar 2018 13:54

    Avocet Mining said it had sold Norwegian subsidiary Wega Mining to Natholmen for $400k, as it attempts to appease its lenders. The company said discussions with secured creditor Manchester Securities regarding the restructuring of its overdue loans totalling $29.2m were continuing. Avocet said...
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  • Avocet confirms $5m sale of Burkino Faso assets
    Friday 09 Feb 2018 09:07

    Avocet Mining Plc confirmed Friday that it completed the sale of Resolute to the Balaji group for USD 5 million. The transaction involves the assignment of certain intercompany receivables for cash consideration of USD 2.5 million, to be paid at completion, and for a consideration of USD 2.5...
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  • Avocet Burkino Faso assets sale deferred
    Friday 26 Jan 2018 09:08

    Avocet Mining Plc announced Friday that, the sale of Resolute (West Africa) Ltd, to Balaji Group has been deferred to 30 January 2018. 'Balaji has requested a further deferral of completion of the sale by five days to 30 January 2018 to be able to finalise an agreement with this creditor,'...
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  • Avocet agrees to defer completion of Resolute sale
    Friday 12 Jan 2018 09:22

    Avocet said completion of the sale of Resolute (West Africa) Limited to the Balaji Group, which was announced on 18 Dec, had been deferred to 25 Jan. Avocet said the Balaji Group had entered into discussions with International Royalty Corporation, a creditor of Resolute, under a threat of...
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  • Avocet to sell assets in Burkina Faso
    Monday 18 Dec 2017 14:30

    Avocet Mining has confirmed 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 for $5m. Of this consideration, $2.5m will be payable in cash at...
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  • Avocet in the red as revenues fall
    Monday 02 Oct 2017 07:22

    Avocet Mining plunged into the red in the six months to the end of June with a pre-tax loss of $5.5m against a profit of $3.9m last time. Revenues fell to $26.4m from $51.8m and the group reported an operating loss of $2.2m against a profit of $6.7m a year ago. It said the period had been...
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  • Avocet fuel convoy attacked
    Wednesday 27 Sep 2017 14:25

    Avocet Mining has confirmed that a convoy carrying fuel to the Inata Mine was subject to a security incident which resulted in two fatalities and two wounded from among the gendarme escort. The Company said initial reports indicate that the gendarme escort was itself the target of the attack....
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  • Avocet unit's standstill agreement extended
    Tuesday 29 Aug 2017 08:18

    The standstill agreement between Avocet Mining subsidiary Societe des Mines de Belahouro which operates the Inata gold mine in Burkina Faso and certain of SMB's financial and trade creditors has been extended. The company said that in order for discussions between SMB and its major creditors in...
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  • FLASH: Avocet unit's standstill agreement extended
    Tuesday 29 Aug 2017 07:16

    Story provided by StockMarketWire.com
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  • Avocet unit's standstill agreement extended
    Monday 21 Aug 2017 07:33

    Avocet Mining's standstill agreement between its subsidiary Societe des Mines de Belahouro which operates the Inata gold mine in Burkina Faso and certain of SMB's financial and trade creditors has been extended. The company said that in order for discussions between SMB and its major creditors...
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  • Avocet swings into profit
    Monday 12 Jun 2017 07:34

    Avocet Mining swung into the black in the year to the end of December with a pre-tax profits of $5.3m against a loss of $55.7m in 2015. Revenues rose to $89.6m from $85.0m and the group made an operating profit of $9.5m aginast a loss of $52.5m last time. Chairman Russell Edey said: "After a...
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  • Avocet completes first closing of Tri-K project
    Monday 22 May 2017 08:10

    West African-focused Avocet Mining has completed the first closing of the Tri-K project and received $4m from Managem for 40% of its interest in the project. Avocet said this followed receipt of the the decree signed by the Guinean president ratifying the mining convention for the Tri-K...
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  • Avocet changes results date
    Thursday 13 Apr 2017 07:44

    Avocet Mining has changed the publication date for its 2016 annual report and financial results to on or around 27 April. The results were scheduled for today. Story provided by StockMarketWire.com
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  • Avocet seeks financing to extend life of Inata mine
    Thursday 02 Feb 2017 08:11

    Avocet Mining is seeking finance of $11-14m to extend the life of the Inata mine. The company said the latest life of mine plan now includes additional ore reserves which have extended the operation to the end of Q4 2019. Inata's ore reserves are now estimated to be 340,400 ounces as at 31...
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  • FLASH: Avocet extends Inata life of mine plan
    Thursday 02 Feb 2017 07:02

    Story provided by StockMarketWire.com
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  • Mining Roundup
    Thursday 29 Dec 2016 16:10

    Petra Diamonds Ltd (LON:PDL) has published a full report on its payments to governments for the year ended 30 June 2016. This report included payments made on a project by project basis. The full report is available at: www.petradiamonds.com/investors/results-reports/. * * * Altona Energy...
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  • Mining Roundup
    Tuesday 20 Dec 2016 16:27

    Goldplat (LON:GDP), the AIM quoted African gold producer, has received confirmation that its Ghanaian licence to purchase and deal in gold has been renewed for a period of three years. Gold Recovery Ghana, the company's wholly owned gold recovery subsidiary in Ghana, recovers gold from...
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  • Avocet inks mining convention for Tri-K project
    Tuesday 20 Dec 2016 09:26

    Avocet Mining has confirmed a mining convention has been signed in respect of the Tri-K project in Guinea while a court hearing scheduled in Ouagadougou, to determine the legality of the seizure of the gold shipment in October by certain ex-workers, has been postponed for at least two weeks....
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  • FLASH: Avocet inks mining convention for Tri-K project
    Tuesday 20 Dec 2016 07:09

    Story provided by StockMarketWire.com
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  • FLASH: Avocet update on seized gold shipment
    Tuesday 20 Dec 2016 07:05

    Story provided by StockMarketWire.com
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  • Mining Roundup
    Wednesday 07 Dec 2016 15:56

    Avocet Mining (LON:AVM) has confirmed that shipment #315, which consisted of over 6,000 ounces of gold, has been sold, and that management fees for November and December have now been received from Societe des Mines de Belahouro SA (the group subsidiary which owns the Inata gold mine)....
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  • Gold shipment completed, says Avocet
    Wednesday 07 Dec 2016 15:47

    Avocet Mining has confirmed that shipment #315, which consisted of over 6,000 ounces of gold, has been sold, and that management fees for November and December have now been received from Societe des Mines de Belahouro SA (the group subsidiary which owns the Inata gold mine). Accordingly, the...
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  • Gold shipment recommenced at Inata, says Avocet
    Tuesday 29 Nov 2016 09:49

    Avocet Mining says shipment #315 containing approximately 6,100 ounces of gold left Inata on Friday and successfully passed through customs at Ouagadougou airport. The gold is currently in transit to Rand Refinery in Johannesburg. Discussions are continuing to secure the release the 1,400...
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  • FLASH: Avocet resumes gold shipments at Inata
    Tuesday 29 Nov 2016 07:09

    Story provided by StockMarketWire.com
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  • National Grid energises FTSE
    Friday 25 Nov 2016 16:48

    The FTSE 100 nudged higher to 6,839, supported by a 1.5% rise at National Grid (NG.). The second estimate of third quarter GDP revealed the UK economy grew by 0.5%, which was supported by export growth and stronger consumer spending according to the Office for National Statistics. West Texas...
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  • Mining Roundup
    Friday 25 Nov 2016 16:05

    Avocet Mining (LON:AVM) says a temporary agreement has been reached in connection with the gold seizure at the group's Inata gold mine in Burkina Faso. The group says that as a result, the gold under seizure will be released, workers have returned to site and gold sales and production will...
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  • Avocet confirms temporary deal in gold seizure row
    Friday 25 Nov 2016 14:49

    Avocet Mining says a temporary agreement has been reached in connection with the gold seizure at the group's Inata gold mine in Burkina Faso. The group says that as a result, the gold under seizure will be released, workers have returned to site and gold sales and production will recommence over...
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  • Mining Roundup
    Wednesday 23 Nov 2016 16:10

    Avocet Mining (LON:AVM) was the sector's biggest faller after saying that in connection with the gold seizure at the group's Inata gold mine in Burkina Faso, announced on 7 October, the company has received a further indication from the court that a verdict on whether the gold should be released...
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  • Avocet update on gold seizure
    Wednesday 23 Nov 2016 07:56

    Avocet Mining says that in connection with the gold seizure at the group's Inata gold mine in Burkina Faso, announced on 7 October, the company has received a further indication from the court that a verdict on whether the gold should be released is to be deferred until 19 December. The...
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  • FLASH: Avocet update on gold seizure
    Wednesday 23 Nov 2016 07:07

    Story provided by StockMarketWire.com
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  • Mining Roundup
    Monday 14 Nov 2016 16:21

    Avocet Mining (LON:AVM) says output at the Inata mine has not resumed because a seized gold shipment has not been released despite a court order. The seizure of the gold shipment, which took place on 7 October, was lifted by court order on 7 November. Avocet says the reasons why the gold has...
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  • Seized gold shipment not released, says Avocet
    Monday 14 Nov 2016 13:25

    Avocet Mining says output at the Inata mine has not resumed because a seized gold shipment has not been released despite a court order. The seizure of the gold shipment, which took place on 7 October, was lifted by court order on 7 November. Avocet says the reasons why the gold has not been...
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  • Mining Roundup
    Tuesday 08 Nov 2016 15:59

    Avocet Mining (LON:AVM) was the sector's biggest riser after a judge in Ouagadougou ordered the lifting of the seizure of the gold shipment which had taken place on 7 October. The company continues to explore solutions to resolve the CFA2 billion (US$3.4m) legal claim made by ex-employees...
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  • Seizure of gold shipment lifted, says Avocet
    Tuesday 08 Nov 2016 09:39

    Avocet Mining says a judge in Ouagadougou has ordered the lifting of the seizure of the gold shipment which had taken place on 7 October. The company continues to explore solutions to resolve the CFA2 billion (US$3.4m) legal claim made by ex-employees against Societe des Mines de Belahourou SA...
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  • FTSE tiptoes higher as all eyes on US election
    Tuesday 08 Nov 2016 08:59

    London stocks tiptoed higher in early deals as the market's attention turns to the acrimonious US election contest between Democrat candidate Hilary Clinton and Republican hopeful Donald Trump, overshadowing UK's non-binding Brexit soap for at least a few days. Soon after the open, FTSE 100 was...
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  • Mining Roundup
    Wednesday 02 Nov 2016 16:20

    Edenville Energy (LON:EDL) has announced that chief operations officer Mark Pryor has resigned. The company says that with the recent banning of import coal, the Rukwa project is moving its focus from exploration and licence acquisition to resource exploitation. This is being carried out in...
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  • Mining Roundup
    Thursday 27 Oct 2016 16:18

    KAZ Minerals (LON:KAZ) reports 'sector-leading production growth' with copper output growing by 66% in the first nine months of this year. The group said copper cathode equivalent production rose to 44.5 kt (Q2: 31.1 kt). Production growth continues as Bozshakol and Aktogay oxide ramp up and...
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  • FTSE 100 falls behind ex-div Barratt's dive
    Thursday 27 Oct 2016 08:52

    London stocks were moderately lower in early deals with blue chips led south by house builders, commercial property, airlines and, further back, financials. Ex-div house builder Barratt Developments (BDEV) led the blue-chip throng with a 7.33% slide to 441p, and was chased by ex-div Wolseley...
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  • FTSE 100 lower on National Grid U-turn
    Monday 24 Oct 2016 16:50

    The blue chip index fell below the 7,000 mark to 6,986 as National Grid (NG.) nudged 1% lower to £10.55. National Grid buckled to opposition and said it will spend £460m burying new power lines through the Lake District, instead of erecting pylons, which was a cheaper option. The Confederation...
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  • Mining Roundup
    Monday 24 Oct 2016 16:06

    Avocet Mining (LON:AVM) was the sector's biggest faller after it said bailiffs acting on behalf of ex-workers of Societe des Mines de Belahouro SA, owner of the Inata gold mine, who were laid off following an illegal strike in December 2014, took seizure of a gold shipment containing...
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  • Avocet confirms seizure of gold at Inata mine
    Monday 24 Oct 2016 13:22

    Avocet Mining says bailiffs acting on behalf of ex-workers of Societe des Mines de Belahouro SA, owner of the Inata gold mine, who were laid off following an illegal strike in December 2014, took seizure of a gold shipment containing approximately 1,400 ounces on 7 October. The legal basis...
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  • Commodity stocks bolster the FTSE 100
    Monday 24 Oct 2016 11:47

    The FTSE 100 was flat at 7,022 as commodity stocks gained momentum and the market looked ahead to a big week for US corporate earnings. Antofagasta (ANTO), BHP Billiton (BLT) and Glencore (GLEN) traded up to 1.3% higher. West Texas Intermediate (WTI) crude oil nudged lower to $50.80, while...
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  • FTSE firms on blue-chip airlines, miners, financials
    Monday 24 Oct 2016 08:53

    FTSE indices were on the front foot in early deals with all but nine of the 100 blue-chip stocks posting share-price gains. Airlines, miners, financials and property stocks were in focus. Soon after the open, FTSE 100 was up 43.21 points, or 0.62%, to 7063.68, while FTSE 250 rose 95.05, or...
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  • Mining Roundup
    Thursday 29 Sep 2016 16:27

    Avocet Mining (LON:AVM) has confirmed it has held talks over its Tri-K asset in Guinea with Managem SA, a Moroccan mining group listed on the Casablanca Stock Exchange. Avocet notes recent press speculation regarding the interest of Managem in the asset and confirms the company has held...
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  • Avocet confirms talks with Managem
    Thursday 29 Sep 2016 14:14

    Avocet Mining has confirmed it has held talks over its Tri-K asset in Guinea with Managem SA, a Moroccan mining group listed on the Casablanca Stock Exchange. Avocet notes recent press speculation regarding the interest of Managem in the asset and confirms the company has held discussions with...
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  • Mining Roundup
    Tuesday 06 Sep 2016 16:17

    Avocet Mining (LON:AVM) has received written confirmation from the government of Guinea that it will not enforce its right to withdraw the Tri-K mining permit on 27 September for a further three months (to 27 December 2016), in view of the fact that the company is in advanced discussions with...
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  • Mining Roundup
    Friday 26 Aug 2016 16:25

    Alexander Mining (LON:AXM) was the sector's biggest riser on a licensing agreement between its wholly-owned MetaLeach and Accudo Metals, a new Australian company which has been established to exploit Alexander's proprietary leaching technologies. Accudo is funded by sophisticated investors and...
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  • Avocet Mining in the black
    Friday 26 Aug 2016 07:38

    Avocet Mining posts a pre-tax profit of $3.9m for the six months to the end of June compared with a loss of $37.7m a year ago. The pre-tax profits before exceptional items was $3.9m compared with a loss of $7.0m last time. Total gold sold amounted to 42,752 ounces, compared with 39,740 in the...
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