Avocet Mining PLC Directorate Change (3244Y)
08 September 2015 - 4:01PM
UK Regulatory
TIDMAVM
RNS Number : 3244Y
Avocet Mining PLC
08 September 2015
8 September 2015
Change of Directorate
Avocet Mining PLC ("Avocet" or the "Company") announces that
Mike Norris has tendered his resignation as Finance Director and
has resigned from the Board of Directors with immediate effect, in
order to accept a position at another public company.
Jim Wynn, formerly Head of Finance and Company Secretary, has
been appointed Finance Director and to the Board, effective
immediately, and will retain his responsibilities as Company
Secretary.
Jim joined Avocet in November 2008 and was appointed Company
Secretary in January 2009. Jim is a Chartered Accountant and was
previously employed by Anglo American plc where he held a number of
roles within the finance, business development, and strategy
departments of Anglo Industrial Minerals.
There are no matters to disclose in relation to this appointment
under Listing Rule 9.6.13, nor are there any changes in the
interests of any Persons Discharging Managerial Responsibility.
David Cather, Chief Executive Officer, commented:
"I am pleased to announce the promotion of Jim Wynn, who will
not only provide continuity in the key role of Finance Director,
but will also, I am sure, make a significant contribution to the
activities of the Board. I also wish to thank Mike for his
significant contribution to the Company since 2007".
FOR FURTHER INFORMATION PLEASE CONTACT
Avocet Mining PLC Bell Pottinger J.P. Morgan Cazenove
Financial PR Consultants Corporate Broker
================= ========================= =========================
David Cather, CEO Daniel Thöle Michael Wentworth-Stanley
Jim Wynn, FD
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+44 20 3709 2570 +44 20 2772 2500 +44 20 7742 4000
NOTES TO EDITORS
Avocet Mining PLC ("Avocet" or the "Company") is an unhedged
gold mining and exploration company listed on the London Stock
Exchange (ticker: AVM.L) and the Oslo Børs (ticker: AVM.OL). The
Company's principal activities are gold mining and exploration in
West Africa.
In Burkina Faso the Company owns 90% of the Inata Gold Mine. The
Inata Gold Mine poured its first gold in December 2009 and produced
86,037 ounces of gold in 2014. Other assets in Burkina Faso include
five exploration permits surrounding the Inata Gold Mine in the
broader Bélahouro region. The most advanced of these projects is
Souma, some 20 kilometres from the Inata Gold Mine.
In Guinea, Avocet owns 100% of the Tri-K Project in the north
east of the country. Drilling to date has outlined a Mineral
Resource of 3.0 million ounces, and in October 2013 the Company
announced a maiden Ore Reserve on the oxide portion of the orebody,
which is suitable for heap leaching, of 0.5 million ounces. As an
alternative, the potential exists to exploit the entire 3.0 million
ounce Tri-K orebody via the CIL processing method. The Company
announced on 2 April 2015 that an exploitation permit had been
awarded for Tri-K.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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