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Avesoro: 1Q Gold Output In Line With Guidance

Kitco News

Avesoro Resources Inc. (TSX, AIM: AS0), reports record gold output at its African operations of 68,088 ounces in the first quarter, in line with 2018 production guidance. This includes record output of 27,870 ounces from New Liberty, an increase of 9% on the previous quarter, and record production of 40,218 ounces from Youga and Balogo, an increase of 39% on the previous quarter. The company is on track to meet full-year guidance of between 220,000 and 240,000 ounces, says Serhan Umurhan, chief executive officer. “Each of our mines performed in line with our expectations,” he says. “New Liberty plant optimizations are now complete and combined with the recent additions to the mining fleet, the quarter delivered record quarterly gold production levels.”

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