Avesoro Resources (ASO): Q1 financial results
- Share price (p): 272.5
- Target price (p): 320.0
- Market cap (£m): 222.3
- Enterprise value (£m): 300.8
Avesoro Resources has reported Q1 financial results from its gold mines in Liberia and Burkina Faso. Total gold production of 68,088 ounces at an average cash cost of US$624 per ounce is on track to be within FY 2018 guidance of 220,000 to 240,000 ounces at a cash cost of between US$620 and US$660 per ounce. All three mines are now performing well, with recent capital investment now delivering positive results. We maintain our 320p price target.
Martin Potts | firstname.lastname@example.org
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