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| Avocet is a focused West African gold mining and exploration company with its primary operations in Burkina Faso and Guinea. The company is listed on the London Stock Exchange and the Oslo Børs. The Company joined the FTSE 250 index in March 2012. |
| Avocet currently operates one gold mine, Inata in northern Burkina Faso, and has a pipeline of exploration projects in Burkina Faso and Guinea. The deposit at Inata presently comprises a Mineral Resource of 3.46 million ounces and a Mineral Reserve of 1.85 million ounces. Inata poured its first gold in December 2009 and produced approximately 167,000 ounces of gold in 2011. |
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| Other assets in West Africa include exploration permits in Burkina Faso (the most advanced prospect being Souma, some 20 kilometres from Inata, with a Mineral Resource of 561,100 ounces) and Guinea (the most advanced being Koulékoun with a Mineral Resource of 1.83 million ounces). |
| Avocet's gold mining and exploration operations were historically located in South East Asia. In June 2009, we acquired Wega Mining and, through it, our operations in West Africa. Following this acquisition, the decision was taken to divest of our South East Asian Assets in order to focus on the highly prospective gold region of West Africa. |
| Avocet's vision is to be a leading West African gold mining and exploration company. We aim to become a 500,000 ounce per annum gold producer over the next five years, with long life mines, a broadly sustainable ten year reserve base, and a pipeline of exploration prospects supporting future growth. |
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Podcast – 03 May 2012
Q1 2012 Results |
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