Avocet lifts quarterly gold output to 28 734 oz

Aim-listed gold-miner Avocet Mining’s output increased to 28 734 oz in the September quarter, boosted by production from the Penjom mine, in Malaysia, and the North Lanut mine in Indonesia. The company’s gold output increased by 3%, when compared with the 27 756 oz produced in the same quarter last year. Read more….

Avocet to apply for secondary listing on Oslo bourse

Aim-listed gold company Avocet Mining, which owns operations in Burkina Faso, Indonesia and Malaysia, would apply for a secondary listing on the Oslo Stock Exchange (OSE), and has appointed an adviser in relation to the application for the secondary listing. The London-headquartered company said in a statement on Thursday that as a result of the [...]

Avocet launches offer for Wega

Aim-listed gold mining company Avocet Mining has formally launched a share-for-share offer for Africa-focused gold-miner Wega Mining ASA. Avocet Mining has offered all Wega Mining shareholders 0,23 ordinary shares in Avocet for each Wega Mining share. This represented a value of 1,71 krone for each Wega share, based on the closing price of Avocet Mining’s [...]

Avocet and Wega sign gold project agreement

Avocet Mining has announced that it has signed a transaction agreement with Wega Mining under which it will make an offer for the entire issue share capital of the firm. Under the legally binding deal, the two firms have agreed that Avocet will make a pre-conditional, recommended share for share public exchange offer for Wega [...]

Avocet to buy Wega for $108m

Aim-listed gold-mining company Avocet Mining would acquire Oslo-listed gold exploration company Wega Mining ASA in a $108-million shares and debt transaction, in order to create a midtier miner with a production capacity of almost 300 000 oz/y. The companies announced in a joint statement on Tuesday that they had entered into a transaction agreement, in [...]

Avocet to buy Wega Mining for about $78.4m

Avocet Mining said it plans to buy Wega Mining for $78.4m in shares in a move that would create a gold company with an annual output of almost 300,000 ounces. Read more….

Avocet announces 1 million ounce resource at its Doup project, Indonesia

Avocet Mining PLC (‘Avocet’ or ‘the Company’) reports the first JORC Code compliant Mineral Resource for its Doup project, located 25 kilometres northeast of the Company’s producing gold mine at North Lanut in Indonesia. The Inferred Mineral Resource of 966,300 ounces of gold (579,800 ounces attributable to Avocet) is based on over 11km of diamond [...]