Proactive Investors - Run By Investors For Investors

Teething problems over at New Liberty says Aureus chief

Chief executive of Aureus Mining (LON:AUE, TSX:AUE) David Reading tells Proactive that “everything is moving positively in the right direction” at the firm’s  New Liberty operation in Liberia following a few “teething problems” at the site in January.

Gold recoveries have improved so much since then that output in the last month a half is around two thirds of the level achieved in the entire second half of 2015.

Since the start of the year the company has produced 11,001 ounces of gold compared with 17,172 in the six months prior to this, and annual production figures “should be in the range of 110,000-120,000 ounces – in the 9,000 to 10,000 ounces per month range”, Reading adds.

Meet Faron Pharmaceuticals Ltd, Belvoir Lettings and Silence Therapeutics PLC at our event, London , 23 May 2019. Register here »
View full ASO profile View Profile

Avesoro Resources Timeline

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use