Post by
geezer21 on Mar 24, 2022 8:32pm
Additional Notes
The weak Q3 report was likely an anomaly because of the integration of Roxgold into the company in Q3. Once on track the addition of Roxgold made a substantial addition to improvment in Q4 production. Note from the last presentation:
INTEGRATION OF ROXGOLD INC. (“Roxgold”)
On July 2, 2021, the Company completed the business combination with Roxgold, whereby the Company acquired all of the issued and outstanding shares of Roxgold (the “Transaction”). Roxgold was a publicly traded precious metals mining company which owned
the Yaramoko Mine in Burkina Faso, the Sgula Project an advanced development project in Cote D’Ivoire, the Boussoura advanced exploration project in Burkina Faso and a portfolio of exploration assets in West Africa. The Company now operates four producing
mines as a result of the Transaction. All production, operating and financial results of the Yaramoko Mine (including cash costs and AISC) and included in the Company’s consolidated financial results, reflect only the results from July 2, 2021 onwards