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
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Of the highlights from the reverse circulation drilling is a shallow high grade intercept, Canamex said, which intersected 1.5 metres grading 14.4 grams per tone (g/t) gold from 6.1 to 7.6 metres in hole B-1444. This hole, when re-tested from a larger pulp, returned 29 g/t gold, according to the Vancouver, BC-based company's statement.
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