Avesoro Resources Inc. announced unaudited earnings and production results for the quarter ended March 31, 2017. For the quarter, the company announced revenues of USD 19.7 million from gold sales of 16,008 ounces. Adjusted EBITDA was USD 0.5 million. Capital expenditure was USD 7.2 million. Positive EBITDA achieved for the first time in the Company's history, largely driven by improvements in mining and processing productivity, operational efficiency and cost savings through the insourcing of core activities.

Total gold production for the quarter was 14,906 ounces.

For the full year 2017, the company expects total gold production of 90,000 - 100,000 ounces.