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Roxgold Inc. T.ROXG

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

Comment by challenger426on Sep 30, 2019 10:47am
249 Views
Post# 30177508

RE:RE:RE:What's going on?

RE:RE:RE:What's going on?I'm not sure when earnings will be but my guess is around the middle of November.  My other guess is that the earning will be very good based on these numbers.

Average gold price for the 3rd Quarter around $1475/ounce
Gold production of at least $40,000 ounces
All-in sustaining cost between $765 and $795/ounce
Outstanding shares of around 370 Million

Do the simple math:

The worst case scenario shows revenues of around $$59 Million

The worst case scenario shows revenues after All-in-sustaing costs of about $27.2 Million.

The Company's earnings before interest, taxes, depreciation and amortization ("EBITDA") is more of a guess and could be somewhere around $15 to 20 Million.

All in all, an improvement over Q1 and Q2 thanks to increased gold production and a higher gold price.




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