BURKINA FASO – Toronto-based Roxgold has drawn down a further US$21 million of it US$75 million six-year senior secured financing as overall construction at the Yaramoko gold project is 60% complete.
Underground work is on track, and the Armtec tunnel is installed and about 60% backfilled. The ramp has advanced 315 metres from the portal and two level accesses have been developed. The eastern ramp will now be extended to provide access to ventilation infrastructure that is to be installed in late Q1 2016.
Civil and concrete works for the mineral processing plant are about 97% complete and ahead of schedule. The carbon-in-leach tanks are installed, and the Outotec SAG mill is assembled and on its pedestals; completion of the mill is targeted for next month.
Work on the other surface facilities (workshops, offices, and back-up power station) is on schedule. The 216-person camp was occupied in October, and the bulk earthworks are complete. The lining of the tailings storage facility will be completed by yearend.
The Yaramoko mine is designed to produce 99,500 oz of gold annually at an all-in sustaining cost of US$590 per oz.
Download the Yaramoko project animation at Roxgold.com.