24 Apr 2012 07:00
Notice of First Quarter Results
Avocet Mining PLC ("the Company"), the FTSE250 and Oslo Børs listed West African gold mining and exploration company, will be reporting its production and financial results for the quarter ended 31 March 2012 on Thursday 3 May 2012.
Management will host a conference call for analysts and investors at 8.30 am BST on that day. Details of the call are below:
Dial-In Number: +44 (0) 808 238 0675 (for participants from the UK)
+44 (0) 208 118 1016 (for participants from outside the UK)
Conference code: 1629317136
A copy of the presentation will be available for download from the Company's website from 7.30 am BST on 3 may 2012 at www.avocetmining.com. A replay of the conference call will also be available on the Company's website from midday on the same day.
For further information please contact
Avocet Mining PLC | BuchananFinancial PR Consultants | J.P. Morgan CazenoveLead Broker | Arctic SecuritiesFinancial Adviser & Market Maker | SEB Enskilda Market Maker |
Brett Richards, CEOMike Norris, FDAngela Parr, IR | Bobby MorseJames Strong | Michael Wentworth-StanleyNeil Passmore | Arne WengerPetter Bakken | Fredrik Cappelen |
+44 20 7766 7676 | +44 20 7466 5000 | +44 20 7588 2828 | +47 2101 3100 | +47 2100 8500 |
Notes to Editors
Avocet Mining PLC is a leading West African gold mining and exploration company listed on the London Stock Exchange (AVM.L) and the Oslo Børs (AVM.OL).
In Burkina Faso the Company owns 90% of the Inata Gold Mine. The deposit at Inata currently comprises a Mineral Resource of 3.46 million ounces and a Mineral Reserve of 1.85 million ounces. The Inata Gold Mine poured its first gold in December 2009 and produced 167,000 ounces of gold in 2011.
Other assets in Burkina Faso include eight exploration permits in surrounding the Inata Gold Mine in the broader Bélahouro region. The most advanced of these projects is at Souma, some 20 kilometres from the Inata Gold Mine, where a Mineral Resource of 0.56 million ounces exists.
In Guinea, Avocet owns twelve exploration licenses in the north east of the country. Mineral Resource development has been ongoing since 2005 and the project at Tri-K is the most advanced. Within the Tri-K project, Koulékoun has a Mineral Resource of 1.83 million ounces and Kodiéran of 0.41 million ounces.
Avocet's Mineral Resources, which are inclusive of Mineral Reserves, are estimated in accordance with the principles of the Canadian NI 43-101 and Australian JORC Codes; and are reported in accordance with the Australian JORC Code.