Bullboard - Stock Discussion Forum 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... see more

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TSX:ROXG - Post Discussion

Roxgold Inc. > New project with payback in 1,2 years & 143.000 oz per year

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Post by Aton on Apr 15, 2020 3:54pm

New project with payback in 1,2 years & 143.000 oz per year

And this at a 1450 $/oz gold price.. With current prices for gold the IRR is 88%, unheard of profitability! Will be interesting to see some new Price Targets from the covering banks and finance firms. With the new projekt up they will also diversify into two countries with approx 140.000 oz each, this will take down the risk premium quite a lot.

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