(Ecofin Agency) - Mining firm Roxgold which is active in Burkina Faso on the Yaramoko project should produce in 2017 more gold than it expected to. Indeed, the firm expects its output to stand at 115,000-125,000 ounces of gold, against 105,000-115,000 ounces before.

The company’s CEO, John Dorward said the scaling-up is to be attributed to good performance at “Yaramoko’s 55 Zone where mining rates and head grades have been higher than anticipated”, adding that it has produced at the end of August 81,500 ounces of gold, or “over 70% of the lower end of our revised guidance range”.

Also, Roxgold revealed that feasibility study for the expansion of the Bagassi south deposit is ongoing and should be completed in the next quarter of the year.

Roxgold holds 90% of the Yaramoko project, which covers 167km².

Louis-Nino Kansoun