Avocet subsidiary secures debt standstill agreement with creditors

LSE-listed Avocet Mining’s Société des Mines de Bélahouro (SMB) subsidiary, which operates the Inata gold mine, in Burkina Faso, has entered into a standstill agreement with its major trade and financial creditors – a key milestone in SMB's balance sheet restructuring process.   SMB and its major trade and financial creditors – together representing about 70% of SMB's debt – have agreed the terms of a standstill agreement for two months, while strategic options ...