TSX- and Aim-listed gold miner Avesoro Resources’ subsidiaries, Burkina Mining and Netiana Mining, have entered into an openpit mining contract with Orkun Group, for the Youga gold mine, in Burkina Faso.
The appointment of the contractor will help to reduce the company’s expected capital expenditure requirement for the second half of the year by $4-million, as Orkun will assume responsibility for all future mining fleet overhaul costs, while Avesoro will reduce its direct employee headcount.