Avocet Mining warned on Monday that it could be broken up as the struggling gold miner continues talks with its largest shareholder to restructure its debt.
Avocet Mining Mining News
The three-times delayed $5 million-deal should help the miner dodge bankruptcy for its units in the West African country.
Total gold sold halved to 21,377 ounces in the six months ended June 30 from a year earlier, with an average price of $1,235 an ounce.
London-based miner has missed the payment date for its $15 million loan.