Make Kitco Your Homepage

Roxgold exceeds its 2020 production guidance

Kitco News

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - Roxgold (TSX:ROXG) announced today its preliminary production results for the fourth quarter and full year of 2020.

Roxgold said that its preliminary 2020 gold production of 133,940 ounces “exceeded” the company’s annual consolidated production guidance of between 120,000 and 130,000 ounces.

In 2020, the Yaramoko mine complex in Burkina Faso produced 133,940 ounces, based on processing a record 512,276 tonnes at an average head grade of 8.5 g/t and mill recoveries of 98.1%. Mining rates increased in Q4 2020 as operations were able to mitigate COVID-19 protection protocol impacts.

On a quarterly basis, the Yaramoko mine complex produced 35,191 ounces, based on processing 128,059 tonnes at an average head grade of 9.3 g/t and mill recoveries of 98.2%. The processing plant reported availability of 94.8% in the quarter, averaging a throughput rate of 1,392 tpd. Mining activities increased with a quarterly record of 149,347 tonnes of ore mined, at an average grade of 7.9 g/t.

Roxgold anticipates the Yaramoko mine complex will produce between 120,000 and 130,000 ounces in 2021 with cash operating costs of $580–640/oz and all-in sustaining costs of $895–975/oz.

Roxgold is a Canadian-based gold mining company with assets located in West Africa. The Company owns and operates the high-grade Yaramoko mine complex located on the Houndé greenstone belt in Burkina Faso and is advancing the development and exploration of the Séguéla gold project located in Côte d’Ivoire.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.