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.
Louis-Nino Kansoun
• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....
Flutterwave gained a BCEAO license to operate in Senegal, expanding to 35 African countries. ...
In Africa, the private sector is widely seen as the main engine of industrialization and plays a cen...
President Paul Biya, 92, to seek eighth term in October 2025 election In power since 19...
• Interbank volumes rose 18.7% in May, while rates declined across the market• The BCEAO cut its mai...
Highlights: • New 1% US tax on outbound remittances to take effect January 1, 2026• Africa received $100 billion in remittances in 2023, outpacing...
Highlights: • Kobold Metals signed an agreement in principle with the DRC government on July 17, 2025.• The deal includes the Manono lithium project,...
Highlights: • Global cocoa processing down across all major regions in Q2 2025• ECA: Europe’s grindings at lowest since 2020, Asia at lowest since...
Highlights: • EXIM Bank issues letter of intent for $150M to support Botswana's NexMetals• US eyes battery-grade nickel sulphates and cobalt from...
Ashenda is a vibrant traditional festival celebrated primarily in northern Ethiopia, particularly among the Tigray and Amhara communities, as well as in...
The Emerald Sea is a vast turquoise lagoon located in the northern part of Madagascar, just a few kilometers from the town of Antsiranana (formerly Diego...