27 Apr 2016 07:00
Annual Report and Accounts 2015
Avocet Mining PLC ("Avocet" or the "Company") has today published its Annual Report and Accounts for the year ended 31 December 2015 on its website - www.avocetmining.com
In compliance with LR9.6.1, a copy of the Annual Report and Accounts will shortly be available for inspection at the Financial Conduct Authority's National Storage Mechanism website: http://www.hemscott.com/nsm.do.
The Annual Report and Accounts will also be mailed to those shareholders who have elected to receive it in hard copy.
The Notice of the Company's Annual General Meeting, which is expected to be held on 9 June 2016, will be sent to shareholders in due course.
FOR FURTHER INFORMATION PLEASE CONTACT
Avocet Mining PLC | Bell Pottinger Financial PR Consultants | J.P. Morgan Cazenove Corporate Broker |
David Cather, CEOJim Wynn, FD | Daniel Thöle | Michael Wentworth-Stanley |
+44 203 709 2570 | +44 20 2772 2555 | +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% of the Inata Gold Mine. The Inata Gold Mine poured its first gold in December 2009 and produced 74,755 ounces of gold in 2015. 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 kilometres from the Inata Gold Mine.
In Guinea, Avocet owns 100% of the Tri-K Project in the north east of the country. Drilling to date has outlined a Mineral Resource of 3.0 million ounces, and in October 2013 the Company announced a maiden Ore Reserve on the oxide portion of the orebody, which is suitable for heap leaching, of 0.5 million ounces. As an alternative, the potential exists to exploit the entire 3.0 million ounce Tri-K orebody via the CIL processing method. The Company announced on 2 April 2015 that an exploitation permit had been awarded for Tri-K.