Roxgold says 2018 output may be at upper-end of guidance
Burkina Faso-focused Roxgold has delivered strong second-quarter production and cash flow results, standing the company in good stead to achieve the upper end of its 2018 production guidance.
For the three months to June 30, TSX-listed Roxgold achieved gold production of 35 828 oz of gold, compared with 27 970 ounces during the same period last year.
The company realised a record quarterly processing throughput of 75 417 t, 12% above nameplate capacity. Gold sales increased by 27% year-on-year to $45.8-million, with 35 320 oz of gold sold.
"Operations at Yaramoko continued to deliver strong production and cash flow results in the second quarter. As a result, we have maintained our strong balance sheet and are well positioned to achieve the upper end of our 2018 production guidance and be within our cost guidance range," said CEO John Dorward.
During the quarter ended June 30, the cash operating cost for each tonne processed totalled $201, which is well below the $214/t achieved during the comparable period in 2017.
Roxgold invested $6.697-million in underground mine development, representing a sustaining capital cost for each ounce sold of $190, while the company invested $8.073-million at a sustaining capital cost of $280/oz in the comparable period in 2017.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation