Avocet faces uncertain future due to £30m debt
1st Oct 2018 16:06
(Sharecast News) - Avocet Mining saw its share price dive on Monday after the company warned that its future hinged on talks with its major lender and largest shareholder.
Read moreAvocet Mining to resume Inata mining after court decision
8th Nov 2016 11:18
(ShareCast News) - Avocet Mining said it planned to resume operations at its Inata gold mine later this week after receiving good news from the Burkina Faso courts, where a Ouagadougou judge has ordered bailiffs to release the gold shipment seized in October under instruction from a group of ex mine
Read moreAvocet Mining secures Morocco financing for Guinea mine
10th Oct 2016 11:25
(ShareCast News) - Gold explorer Avocet Mining finally secured financing for its Guinea mine as it entered into a joint venture with Morocco's Managem SA. Managem, which is listed on the Casablanca Stock Exchange, agreed conditionally to buy a minority interest in the Tri-K mine, which will increase
Read moreAvocet Mining relief at arbitration result
29th Dec 2015 08:40
(ShareCast News) - An arbitration hearing has found in favour of Avocet Mining in almost all respects against J&Partners, the company that bought its South East Asian assets in 2011. A verdict has been delivered by the arbitrator that both sides should pay for their own costs and no more. Avocet ha
Read moreAvocet Mining lowers guidance and discusses further fundraising
29th Oct 2015 10:54
(ShareCast News) - Shares in Avocet Mining fell after the FTSE Fledgeling company lowered its full year gold guidance and said it would need to raise more cash to fund working capital, with September's foiled military coup in Burkina Faso having also affecting recent shipments. Gold production for t
Read moreAvocet Mining draws funds to meet corporate needs until end-October
4th Aug 2015 11:39
(ShareCast News) - Avocet Mining said it has drawn down $2m in loans to meet its corporate requirements through to the end of October 2015. In a statement, the gold miner said the funding would allow it to continue its business review "while exploring longer term funding options". Shares in the
Read moreAvocet Mining reports "encouraging" initial results from Souma test work
12th Jun 2015 09:45
Avocet Mining shareholders welcomed an "encouraging" first set of results from the company's drilling campaign at Souma in West Africa. The programme of test work, which began in April, will determine to what extent Souma could provide satellite ore feed to its 90%-owned Inata Gold Mine, or whether
Read moreSector movers: Risk aversion lifts gold and silver miners
6th Jan 2015 14:42
An aversion to risk was benefitting gold and silver stocks on Tuesday in London as precious metal prices advanced amid macro concerns and equity-market volatility. A flight to safety was lifting the price of both gold and silver, with the former rising for the third consecutive day - its longest win
Read moreFriday broker round-up UPDATE
24th Oct 2014 10:11
Advanced Medical Solutions: Oriel initiates with a target price of 135p and a buy recommendation. African Barrick Gold: JP Morgan moves target price from 300p to 310p maintaining its overweight rating. Canaccord Genuity reduces target price from 330p to 275p keeping a buy recommendation. Numis moves
Read moreWednesday broker round-up UPDATE
6th Aug 2014 10:20
Aggreko: Jefferies raises target price from 1800p to 2000p and keeps a buy recommendation. Investec ups target price from 1650p to 1700p and leaves its hold recommendation unchanged. Avingtrans: FinnCap cuts target price from 170p to 155p downgrading from buy to hold. Aviva: Jefferies initiates wi
Read moreThursday broker round-up UPDATE
31st Jul 2014 09:30
Afren: Oriel places both target price and recommendation under review. Canaccord Genuity places both its target price (prev.: 150p) and its hold recommendation under review. Investec places its target price (prev.: 195p) under review and downgrades from buy to hold. Arbuthnot: Numis ups target pric
Read moreMonday broker round-up UPDATE
17th Mar 2014 08:31
Admiral Group: Credit Suisse raises target price from 1340p to 1425p and keeps a neutral rating. African Barrick Gold: Canaccord Genuity ups target price from 315p to 330p and maintains a buy recommendation. Amara Mining: Canaccord Genuity moves target price from 25p to 33p and reiterates its buy
Read moreFriday broker round-up UPDATE
7th Mar 2014 09:39
AGA Rangemaster: N+1 Singer ups target price from 175p to 192p and maintains a buy recommendation. Aggreko: JP Morgan lowers target price from 1542p to 1536p and maintains a neutral rating. Goldman Sachs increases target price from 1876p to 1950p and keeps a buy recommendation. Numis upgrades to re
Read moreAvocet Mining swings to a loss after 'difficult' year
6th Mar 2014 12:29
Avocet Mining, a West African gold mining and exploration company, issued a disappointing set of full-year results that revealed the group had swung to an annual loss. Hit by a decline in gold production and a fall in the average realise gold price, revenue decreased from £204.11m to £149.26m. T
Read moreFriday broker round-up UPDATE
9th Aug 2013 07:29
Aquarius Platinum: Deutsche Bank lowers target price from 63p to 60p keeping a buy recommendation. Ashmore Group: HSBC ups target price from 400p to 435p, while keeping overweight rating. ASOS: UBS raises target price from 4600p to 6000p staying with its buy recommendation. Aviva: Bank of America
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