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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Avocet Mining plc    AVM   GB00BZBVR613

AVOCET MINING PLC (AVM)
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Delayed Quote. Delayed  - 07/19 05:35:28 pm
13.025 GBp   -2.80%
07/09AVOCET MINING : Notice for the Adjourned Meeting
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07/09AVOCET MINING : 2017 Full Year Results
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07/05AVOCET MINING : Oslo børs - suspension ends
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Avocet Mining : to resume talks over Burkina Faso gold mine

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09/11/2017 | 09:29am CEST

(Reuters) - The boards of West Africa-focused Avocet Mining and its Societe des Mines de Belahouro (SMB) subsidiary will resume talks on Friday aimed at saving the struggling gold operation from insolvency.

SMB, which operates the Inata gold mine in Burkina Faso, is struggling to keep the mine operating after former workers seized a shipment of gold last year and faces possible insolvency after the expiry of a freeze on loan repayments.

The boards of SMB and Avocet, which owns 90 percent of the Inata mine, were to meet on Sept. 8 to consider "all available options", Avocet had said.

Avocet said on Monday that a meeting would reconvene on Sept. 15 to reassess the status of talks with creditors, SMB's liquidity position and the available options.

The Inata mine produced 72,485 ounces of gold in 2016.

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by David Goodman)

Stocks mentioned in the article
ChangeLast1st jan.
AVOCET MINING PLC -2.80% 13.025 Delayed Quote.-29.93%
GOLD -0.34% 1219.22 Delayed Quote.-5.79%
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Latest news on AVOCET MINING PLC
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Chart AVOCET MINING PLC
Duration : Period :
Avocet Mining plc Technical Analysis Chart | AVM | GB00BZBVR613 | 4-Traders
Income Statement Evolution
Managers
NameTitle
Boudewijn Wentink Chief Executive Officer & Executive Director
Yolanda Bolleurs Chief Financial Officer & Secretary
Barry John William Rourke Independent Non-Executive Director
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