Avocet is a focused West African gold mining and exploration company with its primary operations in Burkina Faso and Guinea. The company is listed on the London Stock Exchange and the Oslo Børs. The Company joined the FTSE 250 index in March 2012.
Avocet currently operates one gold mine, Inata in northern Burkina Faso, and has a pipeline of exploration projects in Burkina Faso and Guinea. The deposit at Inata presently comprises a Mineral Resource of 3.46 million ounces and a Mineral Reserve of 1.85 million ounces. Inata poured its first gold in December 2009 and produced approximately 167,000 ounces of gold in 2011.
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Recent Sector News
Filling in "donut holes" is a more serious business than it sounds, and the aim is to expand the existing resources and test new targets at the company's flagship project in Nevada.
Asante is planning to fund its Kubi Gold Mine, which adjoins immediately to Obuasi, into production and a name like Randgold in the area will only aid its efforts.
Drakelands, a £140mln tungsten mine,was officially opened yesterday by Ldndon-listed Wolf Minerals and its chief, Russell Clark.
"Having immediate access to US$340 million enables us to keep to our construction schedule,” Quartermain said
“We are just beginning to understand the true potential of these assets," said Paul Huet
High grade gold was discovered on the boundary of the Omagh Gold Mine, Northern Ireland.
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