During Q2 2017, the mining firm Roxgold which operates the Yaramoko mine in Burkina Faso has sold 28,788 ounces of gold for $36,166,000. In its financial report released last Monday, the firm indicated that it generated cash flow from mining operations totaling approximately $18.6 million during the period reviewed.
Regarding its output, it stood at 27,970 oz and cash operating cost per ounce produced was $498/oz. To achieve this, the firm mined 66,044 t of gold, processed 65,159 t at a head grade of 12.8 g/t Au with a 99% recovery rate.
“We are very pleased with the continued strong performance at Yaramoko this quarter where we are on track to deliver at the upper-end of our annual production guidance and costs were as expected,” said John Dorward (photo), CEO of Roxgold.
This year, Roxgold plans to produce between 105,000 and 115,000 ounces of gold at Yaramoko. The project is located within the Hounde greenstone belt.
With Ecofin Agency
