Avocet Mining plc is a West African-focussed 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.
History
Avocet Mining was formed in 1995 and a year later listed on LSE with a market capitalisation of £72m with gold deposits in Peru, tungsten interests in Portugal, Peru and California and an operating gold mine in Penjom, Malaysia.[2] In 1999 the Company divested tungsten operations to focus on gold. Avocet moved onto the AIM market in 2002, with a market capitalisation of £12m.[3] In the same year the Company acquired 80% in North Lanut, Indonesia and a 49% interest and management control in gold mining company ZGC in Tajikistan which was later disposed of in 2007.[4][5] In 2008 Avocet acquired the Seruyung gold exploration project in Kalimantan, Indonesia.