BURKINA FASO – Roxgold, a Canadian company headquartered in Toronto, has declared commercial production at its Yaramoko gold mine in this west African country. Gold production totaled 32,987 oz in Q3 2016.
Yaramoko is a high grade, low cost underground mine with an indicated resource grade of 15.80 g/t Au. At a gold price of US$1,200 per ounce, the all-in sustaining cost will be US$590 over the life of the project. The deposit remains open down plunge and along strike, and a high grade satellite resource has been identified 1.8 km to the south.
The property was estimated to contain proven and probable reserves of 2.0 million tonnes averaging 11.83 g/t Au included in measured and indicated resources of 1.6 million tonnes grading 15.80 g/t. There is also an inferred resource of 830,000 tonnes at 10.26 g/t Au.
(Editor’s note: The foregoing numbers were found in the 43-101 technical report dated June 4, 2014, posted on Roxgold’s website.)
Readers can enjoy the Yaramoko photo gallery at www.Roxgold.com.