Avesoro Resources Inc. – Results for the Three Months Ended 30 June 2017

Avesoro Resources Inc. (“Avesoro” or the “Company”), the TSX and AIM listed West African gold producer, is pleased to announce the release of its unaudited results for the quarter ended 30 June 2017 (the “Quarter”). As quoted in the press release: Serhan Umurhan, Chief Executive Officer of Avesoro Resources, commented: “I am pleased that the optimisations that we …

Serhan Umurhan, Chief Executive Officer of Avesoro Resources, commented: “I am pleased that the optimisations that we have worked hard to implement at New Liberty have resulted in a second consecutive positive quarter EBITDA for New Liberty.
The focus for the second half of 2017 will be to build upon our improved grade control practices, mining performance and increased plant throughput to increase our gold production levels and move our unit costs materially lower.
Looking forward we maintain our production guidance for the year although we are now targeting the lower end of the guidance range of 90,000 – 100,000 ounces. I also look forward to updating the market on a revised life of mine production schedule for the mine later in Q3 2017.”

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