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8 November 2016

Outcome of hearing regarding gold seizure

8 November 2016

(Burkina-emine), Tuesday 8th November 2016: Avocet Mining PLC (“Avocet” or “the Company”) today announces that a judge in Ouagadougou has ordered the lifting of the seizure of the gold shipment which had taken place on 7 October 2016.

 The Company continues to explore solutions to resolve the 2 billion CFA (US$3.4m) legal claim made by ex-employees against Société des Mines de Bélahourou SA (“SMB”, the Burkinabe entity that operates the Inata mine), which remains ongoing.

 In the meantime, however, steps are being taken to recover the seized gold for export and to reinstate normal gold shipments thereafter. The intention is to resume operations at Inata later this week if possible.

8 November 2016

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8 November 2016
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To read on burkina-emine: INDUSTRIAL GOLD PRODUCTION IN BURKINA 2016 HIGHLIGHTS AND 2017 CHALLENGES .

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