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Category: Mid-tier Producer
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Avocet Mining Plc
www: www.avocet.co.uk     email: ir@avocetmining.com

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Your Data

Price Data

Symbol Date Price Change 52 Wk Range Volume
LON:AVM 08/21/2017 GBX 33.00 -1.50 127.00 - 30.75 16,459
OTCMKTS:AVVGF 08/21/2017 USD 1.1800 0.0000 1.1800 - 0.2000 0
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Description

Avocet Mining Plc are a gold focused mid-tier producer with one producing mine in Burkina Faso and one exploration property. Currently they produce roughly 800koz. of gold per year. They have approximately 7.5Moz. of gold in the reserves and resources category of which 3.5Moz. are in the measured and indicated category. They have a market capitalisation of ~$9.31M which is a fall of roughly 73% over the last twelve months. As of 08/22/2016 they have ~$66M debt and ~$6M cash. They have 21M shares outstanding and trade on the London Stock Exchange and the over-the-counter markets.

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General Details

Financial 08/22/2016
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (Fully Diluted): $33.90M $9.31M 06/10/2016 $-24.58M
Total Assets: $49.00M $49.00M 08/22/2016 $0.00M
Total Liabilities: $108.00M $108.00M 08/22/2016 $0.00M
Current Assets: $29.00M $29.00M 08/22/2016 $0.00M
Current Liabilities: $88.00M $88.00M 08/22/2016 $0.00M
Total Debt: $66.00M $66.00M 08/22/2016 $0.00M
Cash: $6.00M $6.00M 08/22/2016 $0.00M
Enterprise Value: $93.90M $69.31M 03/13/1972 $-24.58M
Cash Flow: $-6.78M $-36.18M never $-29.40M
Cash Flow Multiple: 0.00 0.00 never 0.00
Net Debt to Cash Flow Ratio: n/a n/a never 0.00
Finance within 1 year: 08/22/2016 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 08/22/2016 0.00%
Misc 08/22/2016
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Share Price: $1.541 $0.423 11:08 on 08/21/2017 $-1.12
Shares Outstanding: 21,000,000 21,000,000 06/10/2016 0
Shares Fully Diluted: 22,000,000 22,000,000 06/10/2016 0
Insider Ownership: n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 08/22/2016 n/a
Production (Gold Eq Oz.): (guess) 
800,000
(guess) 
800,000
08/22/2016 0
Production (Silver Eq Oz.): (guess) 
56,962,214
(guess) 
60,560,660
08/22/2016 3,598,446
Initial CapEx (Outstanding): n/a n/a 08/22/2016 n/a
Funding Option: n/a n/a 08/22/2016 n/a
Documentation: none PRODUCER 02/15/2017 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 08/22/2016
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 1.00M 1.00M 08/22/2016 0.00M
Measured & Indicated: 3.50M 3.50M 08/22/2016 0.00M
Inferred: 4.00M 4.00M 08/22/2016 0.00M
Reserves & Resources: 7.50M 7.50M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 0.85M 0.85M 08/22/2016 0.00M
Measured & Indicated: 2.55M 2.55M 08/22/2016 0.00M
Inferred: 1.70M 1.70M 08/22/2016 0.00M
Reserves & Resources: 4.25M 4.25M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
800,000oz.
(CG) 
800,000oz.
08/22/2016 0oz.
Cash Cost: $950 $950 08/22/2016 $0.00
Extra Operating Cost: $400 $400 08/22/2016 $0.00
Average Grade: 1.30 g/t 1.30 g/t 08/22/2016 n/a
Recovery Rate: (CG)  85.00% (CG)  85.00% 02/15/2017 0.00%
F
U
T
U
R
E
Proven & Probable: 5.00M 5.00M 08/22/2016 0.00M
Annual Production: 200,000oz. 200,000oz. 08/22/2016 0oz.
Cash Cost: $950 $950 08/22/2016 $0
Extra Operating Cost: $400 $400 08/22/2016 $0
SILVER 08/22/2016
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 08/22/2016 0.00M
Measured & Indicated: n/a n/a 08/22/2016 0.00M
Inferred: n/a n/a 08/22/2016 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 08/22/2016 0.00M
Measured & Indicated: n/a n/a 08/22/2016 0.00M
Inferred: n/a n/a 08/22/2016 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 08/22/2016 $0.00
Extra Operating Cost: n/a n/a 08/22/2016 $0.00
Average Grade: n/a n/a 08/22/2016 n/a
Recovery Rate: n/a n/a 08/22/2016 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 08/22/2016 0.00M
Annual Production: n/a n/a 08/22/2016 n/a
Cash Cost: n/a n/a 08/22/2016 n/a
Extra Operating Cost: n/a n/a 08/22/2016 n/a

Property

Last Analysis Data  (08/22/2016)
Stage Location Name Owned Type Au Ag Cu Notes
Production West Africa, Burkina Faso Inata 100% (guess) Both show
4 million oz deposit.

80,000 oz of annual production.

High cash costs.
Exploration West Africa, Guinea Tri-K 100% (guess) Both show
3 million oz deposit.

Hope to begin construction in 2016, but need financing.

500,000 surface gold and 2.5 underground.
Current Data
Stage Location Name Owned Type Au Ag Cu Notes
Production West Africa, Burkina Faso Inata 100% (guess) Both show
4 million oz deposit.

80,000 oz of annual production.

High cash costs.
Exploration West Africa, Guinea Tri-K 100% (guess) Both show
3 million oz deposit.

Hope to begin construction in 2016, but need financing.

500,000 surface gold and 2.5 underground.

Profitability (by resource)

Proven &
Probable
08/22/2016
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 1.00M 1.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 4.50M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.85M 0.85M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 3.82M
Maximum Profit (Gold): $-7.20M $-38.44M n/a $-31.24M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $-7.20M $-38.44M n/a $-31.24M
Max Profit / Current MCap: n/a n/a n/a -3.915
Max Profit Per Share (Gold): $-0.33 $-1.75 n/a $-1.42
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $-0.33 $-1.75 n/a $-1.42
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $39.88 $10.96 n/a $-28.92
FD Mkt. Cap / Silver Eq.: $0.56 $0.14 n/a $-0.42
FD Mkt. Cap / Per Metal
as % Spot Price:
2.98% 0.85% n/a -2.13%
Measured &
Indicated
08/22/2016
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 3.50M 3.50M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 15.74M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 2.55M 2.55M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 11.47M
Maximum Profit (Gold): $-21.60M $-115.31M n/a $-93.71M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $-21.60M $-115.31M n/a $-93.71M
Max Profit / Current MCap: n/a n/a n/a -11.745
Max Profit Per Share (Gold): $-0.98 $-5.24 n/a $-4.26
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $-0.98 $-5.24 n/a $-4.26
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $13.29 $3.65 n/a $-9.64
FD Mkt. Cap / Silver Eq.: $0.19 $0.05 n/a $-0.14
FD Mkt. Cap / Per Metal
as % Spot Price:
0.99% 0.28% n/a -0.71%

Reserves &
Resources
08/22/2016
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 7.50M 7.50M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 33.74M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 4.25M 4.25M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 19.12M
Maximum Profit (Gold): $-36.00M $-192.19M n/a $-156.19M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $-36.00M $-192.19M n/a $-156.19M
Max Profit / Current MCap: n/a n/a n/a -19.575
Max Profit Per Share (Gold): $-1.64 $-8.74 n/a $-7.10
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $-1.64 $-8.74 n/a $-7.10
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $7.98 $2.19 n/a $-5.78
FD Mkt. Cap / Silver Eq.: $0.11 $0.03 n/a $-0.08
FD Mkt. Cap / Per Metal
as % Spot Price:
0.60% 0.17% n/a -0.43%

Future Valuation (Cash Flow & Totals)

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