Avnel Gold Mining Limited  

(Public, TSE:AVK)   Watch this stock  
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0.265
+0.015 (6.00%)
Delayed:   9:43AM EDT
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Currency in CAD
Range 0.26 - 0.26
52 week 0.10 - 0.31
Open 0.26
Vol / Avg. 1,000.00/48,073.00
Mkt cap 69.11M
P/E     -
Div/yield     -
EPS -0.05
Shares 261.43M
Beta 0.71
Inst. own     -
Mar 31, 2015
Full Year 2014 Avnel Gold Mining Ltd Earnings Release
  

Key stats and ratios

Q4 (Dec '14) 2014
Net profit margin -79.20% -85.63%
Operating margin -29.74% -58.97%
EBITD margin - -41.92%
Return on average assets -43.95% -39.26%
Return on average equity -52.14% -34.52%
Employees 422 -
CDP Score - -

Address

1st and 2nd Floors Elizabeth House, Les Ruettes Brayes
ST PETER PORT, GY1 1EW
Guernsey
+44-1481-700300 (Phone)
+44-1481-700300 (Fax)

Website links

Description

Avnel Gold Mining Limited (Avnel) is a Guernsey-based gold mining, exploration and development company with operations in southwestern Mali, near the border with Guinea, in West Africa. The Company is focused on developing the Kalana Gold Project into a low cost, open-pit mining operation. The Company is also advancing several satellite deposits that have the potential to become part of a larger mining operation on the 387 kilometer square 30-year Kalana Exploitation Permit. The PEA outlined the potential economics of an open-pit mining operation that recovers 1.46 million ounces of gold over a 14-year mine life at the Kalana Gold Project. Using a combination of gravity and CIL processes, average gold recovery is expected to be 93% over the life of mine. The expected recovery of gold from the historic tailings is estimated to be 87%.

Officers and directors

Howard B. Miller Executive Chairman of the Board, Chief Executive Officer
Age: 69
Roy Meade President
Alan McFarlane Chief Financial Officer, Vice President - Finance, Company Secretary
Age: 54
John Francis Kearney Lead Independent Director
Age: 63
Anthony M. Bousfield Director
Jonas U. Rydell Director
Age: 36
Ibrahim Kantao Independent Director
Andrew King Non-Executive Independent Director
Age: 49