Avesoro turnaround strategy to start bearing fruit this year

In “a year of transition”, dual-listed Avesoro Resources has posted revenues of $63.6-million for the year ended December 31, generated from gold sales of 50 264 oz at an average realised price of $1 266/oz. “While the period was challenging for the company, the new leadership team [introduced in the third quarter] achieved significant progress during the latter stages of the financial year, with strong improvements in performance across the entire operation. Operational and financial improvements have already taken place during the first quarter of this year,” said CEO Serhan Umurhan.