R/€ = 16.20 Change: 0.11
R/$ = 14.24 Change: 0.12
Au 1413.13 $/oz Change: -20.18
Pt 817.35 $/oz Change: 4.34
 
 
R/€ = 16.20 Change: 0.11
R/$ = 14.24 Change: 0.12
Au 1413.13 $/oz Change: -20.18
Pt 817.35 $/oz Change: 4.34
 
 
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Avesoro in talks to re-hire Youga openpit contractors

12th June 2019 BY: Simone Liedtke
Writer

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.

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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.

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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. 

EDITED BY: Chanel de Bruyn Creamer Media Senior Deputy Editor Online
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