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Avocet shares fall 26% as it considers options for SMB subsidiary

By:  
Contributing Editor Online
 
GOLD
The share price of LSE-listed Avocet Mining fell by 26% on Monday morning, after the company announced that it was considering filing for insolvency of its Société des Mines de Bélahouro (SMB) subsidiary, which operates the Inata gold mine, in Burkina Faso. This follows after a standstill agreement between Avocet and some of SMB's financial and trade creditors expired.
 
 
 
 
 

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