Avocet Mining PLC Change to announcement date (3766C)
April 12 2017 - 12:00PM
UK Regulatory
TIDMAVM
RNS Number : 3766C
Avocet Mining PLC
12 April 2017
Change to announcement date
Avocet Mining PLC ("Avocet" or "the Company") announces that it
has changed the publication date for its 2016 Annual Report and
Financial Results to on or around 27 April 2017.
FOR FURTHER INFORMATION PLEASE CONTACT
Avocet Mining PLC Blytheweigh J.P. Morgan Cazenove
Financial PR Corporate Broker
Yolanda Bolleurs, CFO Tim Blythe Michael Wentworth-Stanley
Camilla Horsfall
Megan Ray
+44 20 3709 2570 +44 207 138 3204 +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 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,
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).
Following approval by the Guinean National Assembly in February,
the transaction remains subject only to the publication of a
Presidential decree formalising the Mining Convention.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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