Roxgold Inc. is a gold producer, developer and explorer active in Burkina Faso and Côte d’Ivoire
INVESTMENT HIGHLIGHTS
Roxgold Inc. (“Roxgold”) is a gold producer, developer and explorer active in Burkina Faso and Côte d’Ivoire. Roxgold’s flagship Yaramoko operation in Burkina Faso consists of two high-grade underground gold mines, the first of which achieved commercial production in 2016. The second mine, Bagassi South, was self-funded from operating cash flow and completed under-budget and on-time, entering commercial production in September 2019. Roxgold achieved record annual production in 2019 of 142koz and expects to produce between 120-130koz in 2020, with an anticipated mine life of 5+ years based on Reserves1.
The Company maintains an active focus on near-mine and regional exploration opportunities across its prospective landholding in the Houndé Greenstone belt and, following the acquisition of the Séguéla Project in early 2019, has a highly attractive organic growth pipeline in Côte d’Ivoire. Roxgold has undertaken a successful exploration campaign at Séguéla and is targeting the delivery of a PEA on an open pit project by mid-2020 as well as further defining the regional upside across its entire 3,000km2+ land position.
Appian has supported and worked with Roxgold since the Preliminary Economic Assessment study phase at Yaramoko.
For more information about Roxgold, please click here.
Ownership structure: Public
Asset | Location | Commodity | Stage | Mining Method | M&I Resource | Inferred Resource | Annual Production |
---|---|---|---|---|---|---|---|
Yaramoko2,3 | Burkina Faso | Gold | Operating | Underground | 2.0Mt @ 12.6g/t Au for 809koz Au | 0.5Mt @ 12.4g/t Au for 191koz Au | 120-130koz Au |
Séguéla2,4 | Côte d’Ivoire | Gold | Advanced Exploration | Open Pit | 6.5Mt @ 2.4g/t for 496koz Au | 0.4Mt @ 2.4g/t Au for 34koz Au | n/a |
- Per December 2018 NI 43-101 Mineral Reserves
- Per March 2019 NI 43-101 technical report
- Includes Bagassi South
- Per Roxgold December 2019 corporate presentation