Roxgold financials should be good on August 14th Early report just out....Roxgold Reports Strong Second Quarter Production Results
Looks great, should reach upper half production or possibly surpass it. If they can keep their AISC between $740 and $790/oz, they will make some impressive profits
Highlights:
- 5.1 million hours worked Lost Time Injury ("LTI") free at Yaramoko
- 35,828 ounces of gold produced in Q2
- 76,280 ounces produced at Yaramoko in H1 2018 which puts the Company in a strong position to achieve the upper end of its increased guidance range of 120,000 – 130,000 ounces for the full 2018 year
- Record quarterly processing throughput of 75,417 tonnes - 12% above nameplate capacity
- Approval of the Bagassi South Mining decree by the Burkina Faso Council of Ministers
- Construction works at Bagassi South continue on schedule and remains on track for delivery of first ore in late Q4 2018
- Four drill rigs are currently operating at Yaramoko targeting extensions to the 55 Zone, Bagassi South and targets in the regional package
At the end of the quarter, ROM stocks of 45,877 tonnes at 12.17 g/t Au had been established representing approximately two months of plant feed.
| | | Q2 2018 | Q2 2017 | H1 2018 | H1 2017 |
| Total Development (metres) | | 1,124 | 2,085 | 2,561 | 3,825 |
| Ore mined (tonnes) | | 86,831 | 66,044 | 175,438 | 135,281 |
| Ore processed (tonnes) | | 75,417 | 65,159 | 146,993 | 129,114 |
| Head grade (g/t) | | 14.4 | 12.8 | 15.6 | 15.4 |
| Recovery (%) | | 98.8 | 99.0 | 98.8 | 99.2 |
| Gold ounces produced | | 35,828 | 27,970 | 76,280 | 63,564 |