Avesoro sticks to 2019 guidance, despite gold output drop
The company's gold production fell to 34,338 ounces in the three months to June 30 from 45,098 ounces in the previous quarter, equivalent to a 43% drop from Q2 2018.
Australia’s most successful mining prospector has warned juniors face unprecedented hurdles to bring projects to market as excessive regulation and high start-up costs threaten to derail the next leg of the resources boom.
Karl Simich, Managing Director, Sandfire Resources, says the copper space comprises of large mines that are difficult to take over whereas the gold mining sector has smaller assets that are ripe for picking.