Avocet CEO to resign with immediate effect

West Africa-focused gold miner Avocet Mining has revealed that its Chief Executive Officer (CEO) is to resign and will be replaced by the group's Chief Operating Officer (COO).

West Africa-focused gold miner Avocet Mining has revealed that its Chief Executive Officer (CEO) is to resign and will be replaced by the group's Chief Operating Officer (COO).

CEO Brett Richards will stand down with immediate effect, Avocet announced on Thursday, just one month after the firm scaled back its 2012 production guidance from 160,000 ounces to 135,000-140,000 ounces on the back of issues related to equipment availability which affected mining rates and capacity.

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