Member Company Profile

Avesoro Resources

ASO:LN|Last Price: USD 1.13|Market Cap: USD 91.93 M

USD 0.00        USD 3.07


Gold Price: $1,437.00|Silver Price: $16.37|Platinum Price: $854.00|Palladium Price: $1,533.00|Gold:Silver: 87.8


European Gold Forum 2019

  Webcast|Presentation: April 10, 2019, 3:20 PM (CEST)|Presenter: Nick Smith, IR


Status: Producer|Primary Mineral: Gold|Primary Country of Operation: Liberia


Last Updated: April 1, 2019

  Print Profile

IR Contact

Nick Smith
+44 (0) 20 3405 9160
[email protected]
www.avesoro.com

Address

199 Bay Street, Suite 5300, Commerce Court West
Toronto, ON M5L 1B9
Canada

Cautionary Information

© Copyright 2019, Denver Gold Group & Avesoro Resources.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.

Safe Harbor Statement

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Avesoro Resources is TSX and AIM listed West Africa focused gold producer and development company that operates two gold mines. The Company’s assets include the New Liberty Gold Mine in Liberia and the Youga and Gold Mine in Burkina Faso. The group has a P&P Mineral Reserve base of 28.3Mt containing 2.0 Million ounces of gold grading 2.2g/t.

New Liberty has an estimated Proven & Probable mineral reserve of 17.0Mt with 1,365,000 ounces of gold grading 2.49g/t and an estimated Measured and Indicated mineral resource of 20.47Mt with 1,748,200 ounces of gold grading 2.66g/t and an estimated Inferred mineral resource of 3.0Mt with 271,000 ounces of gold grading 2.8g/t.

Youga has an estimated Proven & Probable mineral reserve of 11.2Mt with 660,100 ounces of gold grading 1.84g/t and an estimated Measured and Indicated mineral resource of 16.64Mt with 924,200 ounces of gold grading 1.73g/t and an estimated Inferred mineral resource of 13.0Mt with 685,000 ounces of gold grading 1.70g/t.

Value Drivers
  • Proven low cost mine builder and operator with ability to turn around non performing assets
  • Rapid growth to date with appetite to continue at pace
  • 210 - 230koz forecast 2019 Gold Production.

Annual Production
Gold, oz per year
GEOs: No

Annual Proven & Probable Reserves
Gold, Moz per year
Mineral Authority: NI 43-101 , GEOs: No

All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.

Top Shareholders
  • Avesoro Holdings
  • Lombard Odier
  • Ora Capital
Management
Chairman: Mehmet Nazif Gűnal
CEO: Serhan Umurhan
CFO: Geoff Eyre
Head of Investor Relations and Corporate Communications: Nick Smith
More Detail
Capital Structure
Common Shares Outstanding: 81,560,260
Float (%): 27.10
Warrants Outstanding: 315,245
Options Outstanding: 4,209,233
Fully Diluted Shares: 86,084,738

IR Contact

Nick Smith
+44 (0) 20 3405 9160
[email protected]
www.avesoro.com

Address

199 Bay Street, Suite 5300, Commerce Court West
Toronto, ON M5L 1B9
Canada

Cautionary Information

© Copyright 2019, Denver Gold Group & Avesoro Resources.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.

Safe Harbor Statement

Read