Avocet Mining says financing talks continue

June 12 (Reuters) - Gold miner Avocet Mining Plc said the business review it undertook in January was continuingand that it was still in talks with multiple parties about arange of financing options including the sale of its assets.

Avocet is raising funds to repay an outstanding loan due toits largest shareholder Elliott Management, as well as to ensureadequate working capital for its Inata mine in Burkina Faso thisyear.

The company, which mines gold in Burkina Faso and Guinea,said it had taken further steps to reduce costs and lowercapital expenditure at Inata. (Reporting by Karen Rebelo in Bangalore; Editing by GopakumarWarrier)