Avocet Mining PLC Change to announcement date (3766C)

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 
[phone]       [phone]   [phone] 
 

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

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April 12, 2017 12:00 ET (16:00 GMT)