StockMarketWire.com - Avesoro Resources said full-year guidance remained under review after operational issues hurt production in the third quarter.

New Liberty gold production fell 57% to 22,678 ounces in the third quarter from the previous quarter, and Youga gold production slipped 6% to 14,619 ounces in the quarter, from the second quarter.

That took gold production to 22,678 ounces in the quarter, bringing year to date 2019 gold production to 102,113 ounces.

'Following the transition to contractor mining at New Liberty and Youga earlier this year, both mines have experienced operational issues that adversely affected our mining rates and gold production performance in the quarter,' the company said.

Total material movement fell 14% to 10.6 million tonnes in the quarter from the previous quarter.

Looking ahead, the company said that its full year production guidance remained under review amid a number of operational uncertainties, though touted increase production at Youga in the fourth quarter.

An additional 15 trucks, 6 excavators, a rock drill and further auxiliary equipment would be available at Youga, which was expected to lift production during the fourth quarter, the company said.

At 8:39am: [LON:ASO] Avesoro Resources Inc. share price was -3.5p at 89p



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