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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 Atonon Apr 15, 2020 3:11pm
114 Views
Post# 30913038

RE:RE:RE:RE:Shorters are trying to stop the inevitable

RE:RE:RE:RE:Shorters are trying to stop the inevitable The current mine at Yaramoko has never had higher number of M&I resource inventory than in the latest resource report (december 2018), you can see it on slide 6 in the latest presentation. The deeper they go they can drill for more resources bit by bit, this is the normal nature of this kind of mines. Now they have at least 7 years of resources left but the mine is open at deapth. Roxgold has never said that the mine will be empty in 7 years, on the contrary they see a much much longer life here. Se slide 6 

https://s22.q4cdn.com/726251528/files/doc_presentations/2020/02/Investor-Presentation-Feb-2020-v2.0.pdf

Yaramoko Resource Replacement

  •  Maintained an M&I resource inventory over 700,000 oz since initial resource in 2014

  •  Produced 477,000 oz to date over life of mine

  •  Significant conversion of Inferred to Indicated Resource

  •  Approximately1.2millionouncesofMeasuredandIndicatedwith cumulative production


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