Avocet Mining PLC announced that it has entered into a conditional Joint Venture agreement regarding its gold project in Guinea, known as Tri-K, with a subsidiary of Managem SA. Managem has agreed conditionally to acquire an initial minority interest in the Tri-K project which will increase to a majority interest of up to 70%, on completion of an agreed work programme and subject to meeting certain milestones. Managem has committed conditionally to a total investment of at least USD 14.0 million, consisting of an initial cash payment to Avocet of USD 4 million, and a commitment to undertake a works programme costing at least USD 10 million, in order to deliver, within 24 months, a Bankable Feasibility Study for a Carbon-in-Leach operation at the site, with an Ore Reserve of at least 1 million ounces.
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
0.131 GBX | -.--% | -99.02% | -.--% |
2019 | Avocet Mining : Elliott-funded Avocet Mining goes into administration | RE |
2019 | Avocet Mining To Seek Investment Opportunities | CI |
1st Jan change | Capi. | |
---|---|---|
-.--% | 3.54M | |
-1.76% | 46.89B | |
+18.58% | 32.38B | |
-5.93% | 28.89B | |
+10.26% | 23.88B | |
+4.98% | 10.88B | |
+23.70% | 9.65B | |
-.--% | 8.66B | |
+12.47% | 8.1B | |
+1.10% | 8.04B |
- Stock Market
- Equities
- AVM Stock
- News Avocet Mining plc
- Avocet Mining plc Announces Joint Venture with a Subsidiary of Managem over the Tri-K Project in Guinea