Roxgold says 2018 output may be at upper-end of guidance

15th August 2018

By: Anine Kilian

Contributing Editor Online


Font size: - +

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. 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online



SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...


Latest Multimedia

sponsored by

Magazine round up | 23 February 2024
Magazine round up | 23 February 2024
23rd February 2024
An image of Dr Mehran Zarrebini posing in front of waste tires
Firm emphasises valorisation
23rd February 2024 By: Lumkile Nkomfe
Coal being transported to port
Mining tax revenue down by 50.4% y/y
21st February 2024 By: Darren Parker

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
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?







sq:0.31 0.411s - 156pq - 2rq
Subscribe Now