PR Newswire
TORONTO, Aug. 13, 2019
TORONTO, Aug. 13, 2019 /PRNewswire/ - Roxgold Inc. ("Roxgold" or the "Company") (TSX: ROXG) (OTCQX: ROGFF) today reported its second quarter and first half financial results for the period ended June 30, 2019.
For complete details of the unaudited Condensed Interim Consolidated Financial Statements and associated Interim Management's Discussion and Analysis please refer to the Company's filings on SEDAR (www.sedar.com) or the Company's website (www.roxgold.com). All amounts are in U.S. dollars unless otherwise indicated.
1. HIGHLIGHTS
During the three and six-month period ended June 30, 2019 the Company:
Safety
Operations
Financial
Growth
"The first half of 2019 saw a solid operating performance at Yaramoko and we continue to remain on track to achieve our annual production guidance. The processing plant continued to outperform achieving record throughput and operating approximately 14% above nameplate capacity during the second quarter. This enabled us to maintain a cash operating margin of $724 per ounce delivering strong cashflow from mining operations of $21.8 million. Stoping operations at Bagassi South commenced during the quarter positioning production from Yaramoko to be stronger during the second half of 2019," said John Dorward, President and CEO. "We are continuing our exploration activities at Yaramoko as well as advancing the progression of the Séguéla gold project, our second development project, where we expect to deliver a Preliminary Economic Assessment with an upgraded resource estimate in the fourth quarter of this year."
2. 2019 OUTLOOK
In 2019, Yaramoko is expected to produce a stronger second half due to the Bagassi South mine commencing stoping operations during Q2 2019.
3. MINE OPERATING ACTIVITIES
| Three months ended June 30 2019 | Three months ended June 30 2018 | Six months ended June 30 2019 | Six months ended June 30 |
| | | | |
Operating Data | | | | |
Ore mined (tonnes) | 109,840 | 86,831 | 207,980 | 175,438 |
Ore processed (tonnes) | 113,866 | 75,417 | 220,682 | 146,993 |
Head grade (g/t) | 9.0 | 14.4 | 9.5 | 15.6 |
Recovery (%) | 98.2 | 98.8 | 98.3 | 98.8 |
Gold ounces produced | 34,354 | 35,828 | 68,006 | 76,280 |
Gold ounces sold1 | 33,102 | 35,320 | 65,900 | 75,370 |
| | | | |
Financial Data (in thousands of dollars) | | | | |
Gold sales1 | 42,949 | 45,787 | 85,789 | 99,013 |
Mine operating expenses3 | (17,285) | (14,989) | (32,722) | (30,377) |
Government royalties3 | (1,904) | (2,058) | (3,880) | (4,720) |
Depreciation and depletion3 | (11,835) | (8,357) | (23,778) | (18,207) |
| | | | |
Statistics (in dollars) | | | | |
Average realized selling price (per ounce) | 1,304 | 1,296 | 1,305 | 1,313 |
Cash operating cost (per tonne processed)2 | 156 | 201 | 152 | 208 |
Cash operating cost (per ounce produced)2 | 518 | 424 | 493 | 401 |
Total cash cost (per ounce sold)2 | 580 | 483 | 554 | 466 |
Sustaining capital cost (per ounce sold)2 | 206 Werbung Mehr Nachrichten zur Roxgold Aktie kostenlos abonnieren
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