Roxgold has released on Monday, the results of the feasibility study for the South Bagassi deposit at its Yaromoko gold project, in Burkina Faso.
The deposit’s development should boost Yaramoko’s annual output by 40% or 40,000 ounces, bringing it to 150,000 ounces per annum.
Moreover, the study stated that an investment of $29.6 million will be needed to start production at South Bagassi. The net value after tax of the project was estimated to $50 million and its internal profitability rate was valued at 53.2%.
“Like the neighbouring 55 Zone, the economics of this additional high grade feed source are highly accretive and generate increased cashflow from a modest capital outlay,” said John Dorward, CEO of Roxgold.
Over the first nine months of the year, the Yaramoko project has delivered an output of 91,970 ounces of gold, of which 24,410 oz in the third quarter alone.
Louis-Nino Kansoun
Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...
Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...
West African universities met in Dakar to address youth employment Delegates drafted a 10-15 ...
Senegal sets its 2026 Digital Ministry budget at CFA81.06 billion, with nearly 60% directed to investments. The “New Deal Technologique” strategy...
Global airline net profit should rise to $41 billion in 2026, according to IATA. Africa is set to generate only $1.3 net profit per...
West Africa’s food economy represents 35% of regional GDP, yet weak transport and power systems keep costs high and limit efficiency. Food prices...
ARCEP launched DNSSEC on Burkina Faso’s national “.bf” domain on 5 December 2025. ICANN supported the project through the Coalition for Digital...
Cidade Velha, formerly known as Ribeira Grande, holds a distinctive place in the history of Cape Verde and, more broadly, in the history of the Atlantic...
Mauritius recorded a 56% increase in UK Google searches for “Christmas in Mauritius” over the past three months. The island ranked fourth overall...