Avocet dealt blow as 1 400 oz of gold is seized in labour row

LSE-listed Avocet Mining’s shares fell by 24.5% from 83.12p a share at Friday’s close to 62.75p apiece on Monday morning, following the news that a gold shipment containing about 1 400 oz from the Inata gold mine, in Burkina Faso, had been seized. Bailiffs acting on behalf of former employees of Société des Mines de Bélahouro (SMB), who had been laid off following an illegal strike in December 2014, had seizured the shipment.