Avesoro Resources Inc. reported unaudited production and earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported gold production of 25,563 ounces.

For the year, the company reported gold production of 76,179 ounces compared to 49,730 a year ago.

For the fourth quarter, the company reported revenues were $33.3 million, EBITDA of $11.1 million, cash flow from operations of $7.7 million, and capital spend of $10.5 million.

For the year, the company reported revenues, were $97.8 million compared to $63.6 million a year ago. EBITDA was $17.3 million compared to negative EBITDA of $88.1 million a year ago. Cash flow from operations of $10.9 million compared to cash flow used in operations of $40.1 million a year ago. Capital spend was $30.0 million compared to $54.1 million a year ago.

The company's annual gold production guidance for 2018 of 220,000 to 240,000 ounces of gold.