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Roxgold Inc. T.ROXG

Metals & Mining Industrial Metals & Minerals
Roxgold Inc is a Canadian gold mining company. It is engaged in acquiring and exploring mineral properties. The company has two reportable segments; Mining operations and Exploration and evaluation of mineral properties, located in Burkina Faso. Its key asset is the Yaramoko Gold Mine, located in the Hounde greenstone belt of Burkina Faso, West Africa, and Seguela Gold Project located in Cote d'Ivoire, West Africa. The company's primary income is derived from the sale of gold.


TSX:ROXG - Post by User

Roxgold Inc. > Updated mineral reserves
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Comment by silentreaderon Jul 12, 2019 10:13am
134 Views
Post# 29912799

RE:RE:Updated mineral reserves

RE:RE:Updated mineral reserves
Method wrote:
ruffus23 wrote:
https://ceo.ca/@newswire/roxgold-announces-updated-mineral-reserves-mineral


What do people think of the update?


Wjhat is important is what the markets think...
You have your answer, stock price is down almost 3%.
As I posted a few weeks ago, if it wasn't for Seguala, they would have reported 0 growth in reserves.
Even with this addition, they had to increase the long term POG assumption from 1200$US to 1450$ and 1400$ to include ounces that wouldn't have made the cut !
All in all, Roxgold is proving more and more to be an empty promise of a high grade deposit that is in fact turning out to be smoe and mirrors.
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