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Avesoro Resources Inc. (“Avesoro” or the “Company”), the TSX and AIM listed West African gold producer, is pleased to announce production results for the quarter ended 30 June 2017 (the “Quarter” or the “Period”) from its New Liberty Gold Mine (“New Liberty”) in Liberia. As quoted in the press release: Serhan Umurhan, Chief Executive Officer of Avesoro Resources, …
Avesoro Resources Inc. (“Avesoro” or the “Company”), the TSX and AIM listed West African gold producer, is pleased to announce production results for the quarter ended 30 June 2017 (the “Quarter” or the “Period”) from its New Liberty Gold Mine (“New Liberty”) in Liberia.
As quoted in the press release:
Serhan Umurhan, Chief Executive Officer of Avesoro Resources, commented:
“I am pleased with the operational performance to date at New Liberty as evidenced by the increase in gold production during the Quarter. The process plant is now consistently operating above its designed throughput as a result of the modifications we have made since taking control of the Company. The operation will be further enhanced through the arrival of an additional drill-rig which is currently en route to New Liberty. The new rig will increase the drill and blast capacity which was a constraint for our mining operations during the Quarter.
As previously disclosed, gold production for 2017 will be weighted towards the second half of the year, and we remain on course to meet our full year production guidance for 2017 of 90,000 – 100,000 ounces of gold at a cash cost of US$750 – US$800 per ounce and all-in sustaining cost of US$925 – US$975 per ounce of gold produced”.
