Negotiations remain ongoing between West Africa-focussed gold producer Avesoro Resources’ openpit mining contractor, Orkun, and former employees of the company’s openpit operation at its Youga mine, in Burkina Faso.
Negotiations are being handled with a view to re-hiring the employees.
Avesoro had explained in a release earlier this week that the employees had refused to work after an initiative to transition Youga to contractor mining had resulted in a reduction in operating performance and associated inefficiencies.
Avesoro’s CEO is “working closely with senior management of Orkun” to resolve the situation, the TSX- and Aim-listed company said on Wednesday.
In the interim, Avesoro said that it remains confident of a positive near-term conclusion but noted that gold processing operations at the mine had been temporarily suspended.
Mining and processing operations will recommence upon the successful conclusion of these negotiations.Creamer Media Senior Deputy Editor Online