20 Dec 2016 09:13
- Home
- Share Prices
- AQSE Share Prices
- Euronext
- Stock Screeners
- Share Chat
- FX
- News & RNS
- Events
- Media
- Trading Brokers
- Finance Tools
- Members
Latest Share Chat
AVM.L Share News (AVM)
AVM Share
Price
AVM Share
News
AVM Share
Chat
AVM Share
Trades
AVM
Live RNS
AVM Share
Charts
AVM Broker
Ratings
AVM Directors
Deals
AVM Financial
Diary
AVM
Fundamentals
AVM Short
Positions
AVM
Media
AVM.L Information
- There is currently no data for AVM
Watchlists are a member only feature
Login to your account
Don't have an account? Click here to register.Avocet Mining draws funds to meet corporate needs until end-October
Tue, 04th Aug 2015 11:39
(ShareCast News) - Avocet Mining said it has drawn down $2m in loans to meet its corporate requirements through to the end of October 2015. In a statement, the gold miner said the funding would allow it to continue its business review "while exploring longer term funding options".Shares in the London and Oslo-listed company fell 2.35% to 331p on the news.Avocet owns 90% of the Inata gold mine in the north of Burkina Faso, with the government holding the remaining 10%. It also has exploration interests in Guinea at the Tri-K project.The said it expects to submit to submit two further draw down requests of $200,000 each under one of its loan deals "as required over the coming months"."As part of the business review Avocet continues to consider options for maximising the value of its assets for the benefit of shareholders, including its Inata mine and the adjacent Souma deposit in Burkina Faso, and its Tri-K development project in Guinea," the company said.The Inata mine poured its first gold in December 2009 and produced 86,037 ounces of gold in 2014, compared with its expectations of about 95,000 ounces. Other assets in Burkina Faso include eight exploration permits surrounding Inata in the broader Bélahouro region. The most advanced of these projects is Souma, some 20 kilometres from Inata.A strike at Inata halted operations last December. The company, along with all bullion miners, was hit by a sharp drop in gold prices last year.
More News
20 Dec 2016 07:57
25 Nov 2016 15:13
BUZZ-Avocet: soars on temporary deal over seized gold
** Miner Avocet's shares up 16% ** Company reaches temporary agreement in connection with gold seizure at mine in Burkina Faso ** Says workers returned to site, gold sales and production will recommence in coming days ** Co said on Oct. 24 that bailiffs seized a gold shipment of
Read more8 Nov 2016 11:18
Avocet Mining to resume Inata mining after court decision
(ShareCast News) - Avocet Mining said it planned to resume operations at its Inata gold mine later this week after receiving good news from the Burkina Faso courts, where a Ouagadougou judge has ordered bailiffs to release the gold shipment seized in October under instruction from a group of ex mine
Read more3 Nov 2016 13:23
Burkina mine halted as Avocet awaits verdict on gold seizure
OUAGADOUGOU, Nov 3 (Reuters) - One of Burkina Faso's largest gold mines, already halted after bailiffs acting on behalf of ex-workers seized some of its gold early last month, will be shut for at least four more days, its London-based owner said. Operations at Avocet Mining LPC's Inata Mine
Read more24 Oct 2016 07:27
11 Oct 2016 08:45
Morocco's Managem buys 40 stake in Guinea's Tri-K gold mines
RABAT, Oct 11 (Reuters) - Morocco's biggest miner Managem has bought a 40 stake in Avocet Mining Plc's Tri-K gold mines in Guinea for an undisclosed amount, a statement from the Moroccan company said on Tuesday. Managem said it will raise its stake to 70 percent of the Tri-K project, loca
Read more10 Oct 2016 11:25
Avocet Mining secures Morocco financing for Guinea mine
(ShareCast News) - Gold explorer Avocet Mining finally secured financing for its Guinea mine as it entered into a joint venture with Morocco's Managem SA. Managem, which is listed on the Casablanca Stock Exchange, agreed conditionally to buy a minority interest in the Tri-K mine, which will increase
Read more26 Aug 2016 07:31
BUZZ-Avocet: jumps on swing to profit
** Gold miner Avocet Mining's shares up c6 pct, highest since July 7, trading just below Q1 2014 peak ** H1 PBT at $3.9 mln vs loss of $37.7 mln yr ago ** H1 gold production +4.4 pct to 41,614 ounces; co maintains FY production forecast ** Over 2X 30-day avg vol through in first
Read more2 Jun 2016 15:08
26 Apr 2016 17:02