Avocet Mining PLC (AVM.L)
13.25GBp
20 May 2013
0.25p (+1.92%)
13.00p
14.00p
14.25p
12.75p
606,487
2,542,013
167.80p
12.50p
AVM.L
About
Overall
| Beta: | 0.86 |
| Market Cap (Mil.): | £26.11 |
| Shares Outstanding (Mil.): | 199.55 |
| Dividend: | -- |
| Yield (%): | -- |
Financials
Avocet sticks to guidance but cost worries spook shares
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.
UPDATE 2-Avocet cuts exposure to costly hedge, secures funds
* Agrees deal with Macquarie to buy back hedged gold ounces
UPDATE 2-Avocet Mining rules out share sale in fundraising drive
* Inata mine to yield 920,000 oz gold vs prior view of 1.85 mln oz
BRIEF-Avocet Mining says in negotiations Macquarie on restructuring of group finances
LONDON, March 7 - Avocet Mining PLC : * 2012 gold production from continuing operations of 135,189 ounces versus
Avocet says in talks to restructure finances
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.
UPDATE 2-Avocet shares plunge on goldmine downgrade
* Shares dive over 40 pct (Adds comments by CEO, finance director, analysts; updates share price)
Earnings vs. 
Estimates
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