Avocet Mining PLC (AVM.L)
20 May 2013
|Market Cap (Mil.):||£26.11|
|Shares Outstanding (Mil.):||199.55|
LONDON, May 2 - Concerns about cash burn and a weak gold price outweighed broadly in-line first quarter gold production at West-Africa focused Avocet Mining, dragging its shares to near record lows on Thursday.
* Agrees deal with Macquarie to buy back hedged gold ounces
* Inata mine to yield 920,000 oz gold vs prior view of 1.85 mln oz
LONDON, March 7 - Avocet Mining PLC : * 2012 gold production from continuing operations of 135,189 ounces versus
March 7 - West Africa-focused gold company Avocet Mining Plc said it was in talks with its financiers, including Macquarie Bank, to restructure its finances, after it found that reserves at its only producing mine were smaller than estimated.
* Shares dive over 40 pct (Adds comments by CEO, finance director, analysts; updates share price)