Avesoro Resources completes acquisition of West African gold mines

Dual-listed West African gold producer Avesoro Resources has completed its acquisition of the Youga gold mine and Balogo gold mine from Avesoro Jersey, while a concurrent placing of new common shares raised £15.2-million This completion represents a transformational acquisition for the Company adding two producing mines to Avesoro’s portfolio, with operations in both Liberia and Burkina Faso. "[The mines] will strengthen and diversify our portfolio within West Africa and will be highly complementary to our existing New Liberty mine,” CEO Serhan Umurhan said, adding that this marked a significant year for the company.