https://www.engineeringnews.co.za

Avesoro achieves record production at Liberia, Burkina Faso mines in March quarter

9th April 2018

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

JOHANNESBURG (miningweekly.com) – West African gold producer Avesoro Resources achieved record production at its New Liberty gold mine, in Liberia, and its Youga and Balogo gold mines, in Burkina Faso, in the quarter ended March 31.

The company on Monday said the 68 088 oz of gold produced in the quarter is in line with full-year production guidance of 220 000 oz to 240 000 oz of gold at an operating cash cost of between $620/oz to $660/oz.

New Liberty produced a record 27 870 oz of gold – an increase of 9% on the previous quarter. Plant optimisations were completed during the quarter, including the commissioning of a tertiary crusher, which increased the crushing circuit’s throughput by 17% to 140 000 t a month, and the installation of a second gravity concentrator.

Youga and Balogo produced 40 218 oz of gold, an increase of 39% on the previous quarter, which also represented the highest quarterly production rate achieved at the Youga process plant since it was commissioned in February 2008.

“Recoveries at Youga improved, compared with the fourth quarter in 2017. Avesoro expects this to continue, with the addition of a new PSA oxygen plant in the coming weeks,” said Avesoro CEO Serhan Umurhan.

He added that the company’s near-mine exploration campaign is well under way across the three mines, and delivering encouraging results that suggest the potential to significantly increase mine lives.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Rosond
Rosond

ROSOND provides fast, efficient, safe, and cost-effective drilling and grouting services to mining and exploration industries throughout Africa.

VISIT SHOWROOM 
AirNox Pty Ltd
AirNox Pty Ltd

AirNox (Pty) Ltd is a level 1 BBBEE manufacturer of complete AdBlue® solutions for operators of SCR diesel engines and AUS40 across South Africa...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.047 0.731s - 140pq - 2rq
Subscribe Now