6 Jun 2017 16:51
Publication of Annual Report and Accounts 2016 and Notice of Annual General Meeting 2017
Avocet Mining PLC, ("Avocet" or "the Company"), the West African focused gold mining and exploration company, has today published its Annual Report and Accounts for the year ended 31 December 2016 on its website - www.avocetmining.com
The Annual Report and Accounts will also be mailed to those shareholders who have elected to receive it in hard copy.
The Company has requested the restoration of trading of its shares, which it expects shortly.
The Company also announces that the Annual General Meeting of Shareholders ("AGM") will be held at 3pm on 30 June 2017 at the offices of Fieldfisher LLP, Riverbank House, 2 Swan Lane, London EC4R 3TT. A Notice of Meeting for the AGM and related forms of proxy will also be sent to shareholders.
Latest time and date for receipt of a Form of Proxy | 3.00 p.m. on 28 June 2017 |
Latest time and date for receipt of a CREST proxy instruction | 3.00 p.m. on 28 June 2017 |
Time of meeting
| 3.00 p.m. on 30 June 2017 |
In compliance with LR9.6.1, a copy the Notice of AGM will shortly be available for inspection at the Financial Conduct Authority's National Storage Mechanism website http://www.hemscott.com/nsm.do and will also be available on the Company's website at www.avocetmining.com
FOR FURTHER INFORMATION PLEASE CONTACT
Avocet Mining PLC | Blytheweigh Financial PR | J.P. Morgan Cazenove Corporate Broker |
Boudewijn Wentink, CEOYolanda Bolleurs, CFO | Tim Blythe Camilla Horsfall Megan Ray
| Michael Wentworth-Stanley |
+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 22 May 2017, the Company announced that it had completed its agreement to dispose of 40 per cent of the project to Managem, a Moroccan group listed on the Casablanca stock exchange, 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).