Avesoro Resources Inc. (DI) (ASO)

Sector:

Mining

 98.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 172.00
  • 52 Week Low: 31.50
  • Currency: UK Pounds
  • Shares Issued: 81.58m
  • Volume: 0
  • Market Cap: £80.35m
  • RiskGrade: 239

Avesoro Resources reports Q1 improvement in mining and processing operations

By Andrew Schonberg

Date: Tuesday 11 Apr 2017

LONDON (ShareCast) - (ShareCast News) - West African gold producer Avesoro Resources' shares are up more than 5% after it said its first-quarter saw continued improvement in both mining and processing operations as management continue the turnaround in operations at New Liberty.
Total gold production for the three months to 31 March was 14,906 ounces, in line with expectations.

It maintained its full-year production guidance of 90,000-100,000 ounces, along with its cash cost guidance of $750-$800 an ounce and all in sustaining costs (AISC) guidance of $925-$975 an ounce of gold produced.

"Although, as expected, gold production for Q1 2017 is lower than that delivered across Q4 2016, total material movement has continued to increase month on month and we are beginning to catch up on the waste shortfall from H1 2016," said chief executive Serhan Umurhan.

"The process plant is now operating in a consistent and stable manner and we remain confident of delivering our production guidance of 90,000-100,000 ounces of gold for the year."

At 11:23 GMT, shares in AIM-listed Avesoro Resources were up 5.32% to 2.48p each.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ASO Market Data

Currency UK Pounds
Share Price 98.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 172.00
52 Week Low 31.50
Volume 0
Shares Issued 81.58m
Market Cap £80.35m
RiskGrade 239

ASO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
61.02% below the sector average61.02% below the sector average61.02% below the sector average61.02% below the sector average61.02% below the sector average
Price Trend
3.13% below the market average3.13% below the market average3.13% below the market average3.13% below the market average3.13% below the market average
11.29% above the sector average11.29% above the sector average11.29% above the sector average11.29% above the sector average11.29% above the sector average
Income Not Available
Growth
Market averageMarket averageMarket averageMarket averageMarket average
43.33% above the sector average43.33% above the sector average43.33% above the sector average43.33% above the sector average43.33% above the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 2
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ASO Dividends

No dividends found

Trades for --2019

Time Volume / Share Price
0 @ 0.000p

ASO Key Personnel

CEO Serhan Umurhan
CFO Geoff Eyre

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