Partners
TTG GF CONSULT
Annual Archive
21 April 2016

ROXGOLD: Yaramoko Underground Mine in Burkina First Gold Pour for June 2016

21 April 2016

(Burkina – Emine) – Ouagadougou April 21, 2016: “We are very pleased to be transitioning the project into commissioning activities. With the mine outperforming on development rates, contributing to a healthy ROM pad balance, Roxgold is well positioned to advance through the end of the construction phase and into commissioning and production remains on schedule for first gold production in June 2016”. This optimistic assertion of  Roxgold’s President & CEO, John Dorward tells well the enthusiasm of the company about its current performance.

On April 12, 2016, Roxgold Inc. provided “a development update for the Yaramoko Gold Project” in Burkina Faso.

Mill-Installation

Mill-Installation

The project highlights are:

  • Overall construction program approximately 84% complete
  • Ore development on four levels progressing well with plant commissioning activities underway
  • 2,450 metres of decline and lateral development now in place versus a plan of 1,755 metres
  • Over 23,000 tonnes of ore now on the Run of Mine (“ROM”) pad
  • Processing facility approximately 90% complete and on schedule
  • Major equipment packages installed and vendor commissioning underway
  • First ore crushed in late March
  • Approximately US$78 million of the US$110.8 million capital spent to date
  • First gold production remains on target for June 2016
  • Commencement of an 11,000 metres resource definition and expansion drilling program at the 55 Zone

The mine development is well advanced with one ventilation shaft finish and fan being installed. The ramp design made available over 23,000 tonnes of ore (from four levels) at the plant in advance of the commencement of ore processing due to ramp making progress in the mine development.
The processing plant is satisfactorily 90% completed and close to be finalized after having on site all the necessary parts for the job. All the connected equipment are being fixed and the construction contractor’s commissioning engineers and Roxgold’s operational team (in place and being trained) are working through commissioning milestones with the intent of pouring first gold in June 2016.
Exploration continues with a resource development drilling program of 11 000 meters in the upper 430 meters of the 55 Zone with expectation of maiden resource estimate for the QV1 target at Bagassi South in May 2016.

Further details in ROXGOLD’s April 12, 2016 PRESS RELEASE.

 

21 April 2016

Leave a Reply

21 April 2016
Member Login
Newsletter
Flash Info

To read on burkina-emine: INDUSTRIAL GOLD PRODUCTION IN BURKINA 2016 HIGHLIGHTS AND 2017 CHALLENGES .

IAMGOLD best gold producer…
NORDGOLD best operating company in terms of exploration / endogenous growth…
SEMAFO best producer in terms of cash flow…

Statistics
  • 581
  • 2,168
  • 58,174
  • 7,463,044
COMPANY