Finance > M-a

Embattled Avocet sells Burkina Faso assets

Beleaguered West Africa-focused miner Avocet Mining (LN:AVM) is having to sell all of its assets in Burkina Faso to the Ghana-based Balaji Group for US$5 million to pay off its debt.

Finance > M-a

Embattled Avocet sells Burkina Faso assets

Beleaguered West Africa-focused miner Avocet Mining (LN:AVM) is having to sell all of its assets in Burkina Faso to the Ghana-based Balaji Group for US$5 million to pay off its debt.

Embattled Avocet sells Burkina Faso assets

The sold assets include the flagship Inata gold mine

The assets include the flagship Inata gold mine, which has its mining licence held by Avocet subsidiary Société des Mines de Bélahouro (SMB).