Avesoro boosts output at the New Liberty gold mine in Liberia

Avesoro Resources Inc (LON: ASO) produced 15,824 ounces of gold in the quarter to end June from its New Liberty mine in Liberia, a 6% increase on the previous quarter.

According to the Proactive Investors online magazine, the company maintains its 2017 production guidance of between 90,000 and 100,000 ounces.

Total material moved (waste rock and ore) was around 3.8 mln tonnes, a 12% reduction on the previous quarter’s performance.

The reduced mining rate was attributable to a transition from free-dig oxide material into fresh rock within the Kinjor pit, as drilling and blasting is now required.

Source: News Now / Proactive Investors

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About Cholo Brooks 15592 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.