Burkina Faso: Avesoro Resources close to hitting production targets for 2018
Monday, 09 July 2018 17:58
TSX and AIM-listed Avesoro Resources active in Burkina Faso and Liberia, reported today July 9, a 128,319 oz year to date output. This figure is in line with full year guidance of 220,000-240,000 oz.
“Already this year, we have substantially outperformed the Company's prior year total annual gold production of 76,179 ounces and we remain on track to meet our 2018 production guidance of 220,000 – 240,000 ounces of gold,” CEO Serhan Umurhan said.
The company said the feat was achieved thanks to a “good” second quarter during which it produced overall 60,231 oz of gold, including 29,808 oz from its New Liberty mine (Liberia) and 30,423 oz from Youga mine in Burkina Faso.
Louis-Nino Kansoun
Live News
-
World Bank: Commodity Prices to Surge in 2026 as Middle East War Disrupts Supply
20:30
-
Fire at Metafrique Steel injures at least 10, halts production
19:36
-
British Firm PROPAV Explores Road Construction Opportunities in Cameroon
19:31
-
Ecobank Cameroun posts record 2025 profit, up 30% to 27.29 bln CFA francs
19:21
-
Cameroon’s shrimp sector hit by informality, weak cold chain, study finds
19:15
-
DRC Seeks to Expand Connectivity Beyond Existing Cable Capacity
19:05
-
Tunisia Moves to Strengthen Rail Services in Capital and Suburbs
18:54
-
Liberia offsets Canada slowdown in ArcelorMittal’s Q1 2026 iron ore output
18:45
-
ECOWAS ministers endorse draft legal framework to tackle maritime crime
20:03
-
Togo employers, unions sign new interprofessional collective agreement
20:00
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From WHO-led efforts to strengthen pandemic preparedness to measles vaccination drives in Uganda, al...
Jetour to produce T1, T2 SUVs in South Africa from 2027 Chery to acquire Rosslyn plant, cre...
The institution said the outlook for commodity prices remains subject to significant risks, including a longer-than-expected duration of hostilities in...
DRC plans new submarine, regional links to boost connectivity Country relies on two cables amid outages, limited redundancy Expansion aims to cut...
Transtu to acquire 48 railcars for metro and TGM lines €160 million EBRD-backed plan supports rail upgrades and expansion Government targets 36...
Côte d'Ivoire raises gasoline price to 875 CFA francs/liter Kerosene price increased to 745 CFA francs per liter Global oil surge, subsidies and...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....