Tag Archive for debt

Avocet finally sells off troubled mine but lingering debts mean dark days may not be over for investors (AVM)

Troubled resources firm Avocet Mining (LSE:AVM) has sold off all its assets in the African country of Burkina Faso for $5m after weeks of delays due to disagreements among creditors and deteriorating security at its Inata gold mine. Avocet first agreed the sale of the assets, which operate under a subsidiary firm called Resolute, to…