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
Crocodile Gold Corp. (TSE:CRK)(OTCQX:CROCF) reported Thursday that gold output in the first quarter increased almost 10% from a year ago, with the Australia-focused gold miner saying it is on track to meet its sustainable growth path and full year production guidance of 200,000 to 210,000 ounces.
Shares of Malbex Resources (CVE:MBG) surged on Tuesday after the company agreed on an earn-in deal with Barrick Gold Corp (TSE:ABX) for its Del Carmen project in Argentina.
Gold Resource Corp says recent drill results show potential for Arista deposit to continually add ounces
Gold Resource Corp (NYSE MKT:GORO) announced Tuesday recent drill highlights from its Arista deposit, where it is continuing to drill both infill and step out holes to test the mineralized vein extensions at the producing mine.
Gold Resource Corp (NYSE MKT:GORO) said Monday that first quarter production increased year-over-year, with the company delivering ounces on target with its full year guidance.
Aureus Mining’s (LON:AUE) (TSE:AUE) gold exploration in Liberia has received heavyweight backing from the IFC, which is putting up US$11.1mln out of a US$26mln total funding round.
Freyja Resources (CVE:FRA), which just received a drilling permit for its flagship Las Cristinas project in Mexico with the aim of bringing it to production by year-end, is set to present with us this month at our next Proactive Investors One2One forums across Canada.
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