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.
NewsAll Avocet Mining News ►
Recent Sector News
Shares of Clifton Star Resources (CVE:CFO) tanked more than 20 percent after the company said the Quebec Superior Court has rejected its request for a safeguard motion regarding its rights in the Duparquet project option agreements.
Klondex Mines (TSE:KDX) (OTCQX:KLNDF) swung to a profit in its third quarter as the company started to generate revenues from its Midas mine and mill earlier this year, positioning it for a solid finish to 2014.
Klondex Mines (TSE:KDX) (OTCQX:KLNDF) swung to a profit in its third quarter as the company started to generate revenues from its Midas mine and mill earlier this year. Klondex said Thursday that based on its operational results this year, it is increasing its target to recover at least 95,000 gold equivalent ounces and to sell at least 85,000 ounces in 2014.
Unlike many gold miners, Crocodile Gold (TSE:CRK)(TSE:CRK.DB) (TSE:CRK.WT) (OTCQX:CROCF) has managed to rise above the current weakness in precious metals and report a higher year-over-year profit for its third quarter amid a reduction in costs and strong production at its Australian mines.
Gold Resource Corp (NYSE MKT:GORO) reported Friday what it called a challenging third quarter with operational results coming in weaker than anticipated, but the company has responded by hiring new management to support a fourth quarter rebound, which would put it on track to meet the lower end of its 2014 production guidance.
Sunridge Gold (CVE:SGC) (OTCQX:SGCNF) says it has started field work on its advanced-stage joint venture Asmara project in Eritrea, and remains focused on acquiring a mining license for the property in the first quarter of next year, with sights set on near-term production.
Investors interested in Avocet Mining recently viewed
- OXUS GOLD (AIM: OXS) The only publicly listed gold producer in Uzbekistan
- Mutiny Gold (ASX: MYG) Developing gold, nickel and copper tenements in WA, Australia.
- Northern Gold Mining (TSX-V: NGM) Exploration and development of the Golden Bear Project, Timmins Gold Camp
- Reed Resources (ASX: RDR) Plans on being one of the world's largest producers of lithium.
- CGA Mining Ltd. (ASX TSX: CGX) Focused on the nine million ounce Masbate Gold project