Avocet Mining: Struggling Avocet says it has sufficient funding to continue operating for 12 months

Aim-listed struggling gold miner Avocet Mining, amid company refinancing and restructuring, says it has sufficient funds for at least the next 12 months at the current and expected rate of spending. In the six months ended June 30, Avocet sold its subsidiaries in Burkina Faso, as well as its Norwegian entity and its subsidiaries.