The Next High Grade Low Cost Gold Producer?

John Dorward, President & CEO of Roxgold Inc. (ROG:TSX.V) explains how this company is heading into production at their high-grade gold project.

Roxgold is focused on gold. We are developing the high-grade Yaramoko gold project in Burkina Faso, which is currently in construction.

We have 750 people working on site. We are anticipating our first gold production in the second quarter of 2016. And we are looking to continue exploring and growing the deposit as well as looking into the regional exploration potential.

We’re currently pursuing a drilling program at Bagassi south. It’s a project located less than 2 kilometers south of our primary 55 zone where the main deposit is and we’ve been drilling that out and we’re looking to have an estimate on that later in the second quarter of 2016.

Our strategy really is to deliver on what we say we’re going to. I mean for us the big prize is to get Yaramoko into production and demonstrate to the investors and the market in general what a high-grade underground mine really looks like in terms of operating cost and production levels.

The standout feature for Roxgold is the high-grade nature. We have over 800,000 ounces of 15.8 gram per tonne material which we anticipate going through the processing facility at a head grade of nearly 12 grams per tonne, which will lead to a low all-in sustaining cost of less than 600 dollars per ounce.

So that gives us a lot of room to generate significant profits from the low cost operation and I think it really marks us out as a point of difference from a lot of the other projects that are out there at the moment.

 

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