Sep 04, 2017· The boards of SMB and Avocet will meet on Sept. 8 to consider "all available options, including the potential filing of an insolvency petition by SMB", Avocet said in a statement. SMB's financial and trade creditors could not agree among themselves on an extension of the agreement, the company said. "Given the current status of discussions, it ...

Avocet Mining PLC ("Avocet" or "the Company") announces that bailiffs acting on behalf of ex-workers of Société des Mines de Bélahouro SA ("SMB", owner of the Inata gold mine), who had been laid off following the illegal strike in December 2014, took seizure of a gold shipment containing approximately 1,400 ounces on Friday 7 October 2016.

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Avocet Mining PLC ("Avocet" or the "Company") is an unhedged gold mining and exploration company listed on the London Stock Exchange (ticker: AVM.L) and the Oslo Børs (ticker: AVM.OL). The Company's principal activities are gold mining and exploration in West Africa. In Burkina Faso the Company owns 90% of the Inata Gold Mine.

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Gold miner Avocet Mining Plc said on Monday it will consider filing for insolvency of its subsidiary Societe des Mines de Belahouro (SMB), which operates the Inata gold mine in Burkina Faso, after ...

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Inata 2010 –A very successful year! 4 •91,524 oz poured in initial 9 months o First gold produced December ’09 –152oz o Production (poured) of 40,461oz Q3 ‘10 o Gold now sold at hedge and spot prices •Ramp up to name plate thru’put (285tph) achieved Sept 2010 (and showing potential for greater capacity) o Plant recoveries currently >93% o Commercial production planned for by Q3

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Gold mining and exploration in Burkina Faso •Mining code adopted in 2003 o Stable political environment o 3-4 year tax holiday o 20% corporation tax o 3-5% royalty o 10% free carried interest •ly expanding mining sector o Only 1 gold mine operating in 2007 o 6 gold mines operational o Mines produced over 700,000 ounces in 2010 •Over

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Avocet Mining SMB / Société des Mines de Bélahouro S.A. Contact Details. 226 503 60 460 Address Details. Rue 22.29 Porte C01 Secteur 22 Zone du Bois,01 BP 3422 Ouagadougou, 01 Burkina Faso,West Africa Avocet Mining PLC. Division ...