AVM.L - Avocet Mining plc

LSE - LSE Delayed price. Currency in GBp
13.10
0.00 (0.00%)
At close: 4:35PM BST
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Previous close13.10
Open11.62
Bid0.00 x 0
Ask0.00 x 0
Day's range11.62 - 11.62
52-week range0.13 - 11.62
Volume2,500
Avg. volume0
Market cap2.74M
Beta (5Y monthly)2.29
PE ratio (TTM)0.54
EPS (TTM)24.30
Earnings date01 Oct 2018
Forward dividend & yieldN/A (N/A)
Ex-dividend date09 May 2012
1y target est0.11
  • Reuters

    Struggling miner Avocet plans to voluntarily liquidate

    The company had warned in October that it could be broken up as it continued talks with its largest shareholder, Elliott Management, to restructure its debt. Avocet has relied primarily on loans from Elliott since 2014 due to cash flow shortages resulting from a fall in gold prices and lower production at its Inata mine in Burkina Faso. "Having considered all available options for the future of Avocet, the board has resolved that ... Avocet will be placed into a members' voluntary liquidation with residual assets, if any, returned to its shareholders," the company said in a statement.

  • Reuters - UK Focus

    UPDATE 2-Elliott-funded Avocet to shut shop in face of high debt

    Gold Miner Avocet plans to close down its business after selling off its last significant asset in Guinea, the London-listed miner said on Friday, crumbling under mounting debt. Avocet, which had warned in October that it could be broken up while it was still in talks with its largest shareholder Elliott Management to restructure its debt, said it would pay creditors with whatever cash remained. The West Africa focussed miner has relied primarily on loans from Elliott since 2014 due to cash flow shortages resulting from a fall in gold prices and lower production at its Inata mine in Burkina Faso..

  • Reuters - UK Focus

    Morocco’s Managem increases stake in Guinea’s Tri-K gold project to 85%

    Morocco’s leading mining firm Managem said on Tuesday it increased its stake in the Tri-K gold project in eastern Guinea Conakry to 85% after acquiring a 30% stake held by its partner Avocet Mining for $21 million. The acquisition is in line with the group’s strategy to boost its gold production in the continent and strengthen its footprint in the Republic of Guinea, Managem said in a statement. The remaining 15% stake in the joint venture running the gold project, the Societe Miniere de Mandiana (SMM), is held by Guinean state mining company, SOGUIPAMI.

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