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BUZZ-Avocet: soars on temporary deal over seized gold

Reuters - UK Focus

** Miner Avocet's shares up 16%

** Company reaches temporary agreement in connection with gold seizure at mine in Burkina Faso

** Says workers returned to site, gold sales and production will recommence in coming days

** Co said on Oct (HKSE: 3366-OL.HK - news) . 24 that bailiffs seized a gold shipment of about 1,400 ounces in West African country of Burkina Faso, citing unpaid benefits

** Co said on Nov. 8 that a judge ordered the release of a gold shipment, sending shares up 27 pct

** More than 300 mine workers who were laid off after a strike in 2014 claim 2 bln CFA Francs ($3.26 mln) in unpaid benefits, workers' representatives say gold seized in retaliation for lost pay

** Up to Thursday's close, stock had risen 87.5 pct year to date (Reuters Messaging: pranav.kiran@thomsonreuters.com@reuters.net)