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Avocet Mining Plc (LON:AVM)

Avocet Mining Plc (LON:AVM) Company Profile

Symbol(s): LON:AVM, OTCMKTS:AVVGF
Industry: Gold Mining
Website: www.avocet.co.uk
eMail: avocet@avocet.co.uk

Avocet Mining Plc (LON:AVM) is a Canadian Gold mining company. It’s a mid-tier producer mainly focused on exploration and development of mineral properties in Burkina Faso and Guinea. The company has multiple properties including Inata (West Africa, Burkina Faso) and Tri-K (West Africa, Guinea).

Avocet Mining Plc (LON:AVM) has about 7.5 million ounces of gold reserves & resources. The company’s resources are currently being valued at US$40.39 per gold equivalent ounce. The company currently produces 800000 ounces of gold per year with the all-in sustaining costs of US$1350 per ounce.

Avocet Mining Plc has US$6 million cash and US$66 million debt. The company has 20.91 million shares outstanding and as of March 29, 2020, had a market capitalization of US$242.92 million. The stocks of Avocet Mining Plc trade on the London Stock Exchange and the Over-the-Counter Exchange.

Avocet Mining Plc (LON:AVM) Share Price Chart

Avocet Mining Plc (LON:AVM) Technical Data
Last Updated: March 30, 2020

Share Price:
GBP11.62 (4/30/2019 8:27:43)
Volume:
0 (4/30/2019 8:27:43)
52 Week High:
GBP1590
52 Week Low:
GBP1145
Change from 52 Week Low:
-98.985%
Change from 52 Week High:
-99.269%
Beta
#N/A
Average Volume:
#N/A

Avocet Mining Plc (LON:AVM) Financial Data

Share Price:
GBP11.62 (4/30/2019 8:27:43)
Shares Outstanding:
20.91 million
Market Capitalization:
US$242.92 million *
Cash:
US$6 million
Total Debt:
US$66 million
Enterprise Value:
US$302.922 million
Earnings Per Share:
-0.66
Price to Earning (P/E) Ratio:
#N/A

Avocet Mining Plc (LON:AVM) Gold Resources

Total Reserves & Resources:
7.5 million ounce
Plausible Reserves & Resources:
4.25 million ounce
Current Cash Cost Per Ounce:
US$950
Future Cash Cost Per Ounce:
US$950
Current All-in Sustaining Cost Per Ounce:
US$1350
Future All-in Sustaining Cost Per Ounce:
US$1350
Current Annual Production:
800000 ounce
Future Annual Production:
200000 ounce

Avocet Mining Plc (LON:AVM) Valuation by Resources

Gold Equivalent Resources:
7.5 million ounce
Silver Equivalent Resources:
848.9 million ounce ***
Enterprise Value Per Gold Ounce:
US$40.39
Enterprise Value Per Silver Ounce:
US$0.357
Gold Equivalent Resources per FD share:
0.359 ounce
Silver Equivalent Resources per FD share:
40.604 ounce

* GBP to US$ exchange rate of 1.23 was used in calculations
*** Gold to silver ratio of 113.18 was used in the calculation of silver equivalent resources

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