Mining Frontier
  • Home
  • News
  • Press Releases
  • Market Reports
  • Sectors
    • Aluminium
    • COAL
    • COPPER
    • DIAMONDS
    • GOLD
    • IRON ORE AND MANGANESE
    • NICKEL
    • NIOBIUM
    • PHOSPHATES
    • PLATINUM
    • STEEL
  • Projects
  • Events & Conferences
  • Contact US
  • More
    • Newsletter Archive 2022
No Result
View All Result
  • Home
  • News
  • Press Releases
  • Market Reports
  • Sectors
    • Aluminium
    • COAL
    • COPPER
    • DIAMONDS
    • GOLD
    • IRON ORE AND MANGANESE
    • NICKEL
    • NIOBIUM
    • PHOSPHATES
    • PLATINUM
    • STEEL
  • Projects
  • Events & Conferences
  • Contact US
  • More
    • Newsletter Archive 2022
No Result
View All Result
Mining Frontier
No Result
View All Result
Home Africa

Roxgold starts construction of supergrade Yaramoko

April 7, 2015
in Africa, News

Shares in Roxgold Inc (CVE:ROG) held onto recent gains on Tuesday after the company announced construction has gotten underway at its ultra-high grade Yaramoko project in Burkina Faso.

 

The Toronto-based junior was changing hands at $0.60, up more than 9% on the Toronto Venture Exchange over the past month, but some 7.7% lower than a year ago following political upheavals in Burkina Faso.

 

The $195 million company said bulk earthwork at the 190 person camp at the underground mine in West Africa includes work on tailing and water storage facility as well as roads infrastructure.

 

The portal to access the deposit should be completed this quarter while the first gold pour Yaramoko is expected in the second quarter last year. The underground mine will produce 99,500 ounces on average annually for an initial 7.4 years.

 

Roxgold announced Yaramoko capex was upped from $106 million in the 2014 feasibility study to nearly $111 million (of which $10 million has already been spent), still at the bottom 5% of African gold projects. The company has cash on hand of $30 million and a $75 million debt facility from French banks.

 

The capex increase is due to scope changes which include the adoption of a plastic liner for the project’s tailings storage facility, which was a new requirement outlined by Burkina Faso’s environmental permitting authority. In addition, the SAG mill and associated equipment were upsized to facilitate a future expansion of the processing plant’s capacity and the backup (diesel) power station capacity was also increased, which will provide Yaramoko with full standby capability in support of the grid connected power line.

Previous Post

Goldcorp sells stake in Nevada project for $20 million

Next Post

Mongolia halts landmark deal with foreign firms over massive coal mine

Related Posts

Hexagon and Volvo to provide autonomous safety systems for mining
News

FIRST MODE POWERS WORLD LARGEST ZERO-EMISSION VEHICLE FOR MINING GIANT ANGLO AMERICAN

May 14, 2022
News

Vale and Nippon Steel to evaluate carbon-neutral ironmaking solutions

May 10, 2022
SRG Global to provide drill and blast services for Saracen gold mines
News

FLSmidth to supply Sabina Gold & Silver with full flowsheet offering at Goose gold mine

May 10, 2022
News

Truck automation project gets going at BHP Spence copper mine in Chile

May 10, 2022
Katanga Mining announces agreement to acquire land rights from Gecamines
News

South32 becomes latest miner to join BluVein mine electrification project

May 10, 2022
Sandvik to supply battery-electric vehicle fleet to Hindustan Zinc SK Mine
News

Sandvik to supply battery-electric vehicle fleet to Hindustan Zinc SK Mine

May 10, 2022
Next Post

Mongolia halts landmark deal with foreign firms over massive coal mine

No Result
View All Result

Recent Posts

  • FIRST MODE POWERS WORLD LARGEST ZERO-EMISSION VEHICLE FOR MINING GIANT ANGLO AMERICAN
  • Vale and Nippon Steel to evaluate carbon-neutral ironmaking solutions
  • Orica launches lower environmental impact Fortis Protect range of bulk explosives
  • FLSmidth to supply Sabina Gold & Silver with full flowsheet offering at Goose gold mine
  • thyssenkrupp to build first in the world Rail Running Conveyor systems for Tier 1 copper miner
Mining Frontier

System

  • Search
  • Sitemap
  • Feed

Resources

  • Contact US
  • Download Mediapack
  • Home
  • News
  • Press Releases
  • Market Reports
  • Sectors
  • Projects
  • Events & Conferences
  • Contact US
  • More

© 2019 Copyright Valuemediaservices All rights reserved.

No Result
View All Result
  • Home
  • News
  • Press Releases
  • Market Reports
  • Sectors
    • Aluminium
    • COAL
    • COPPER
    • DIAMONDS
    • GOLD
    • IRON ORE AND MANGANESE
    • NICKEL
    • NIOBIUM
    • PHOSPHATES
    • PLATINUM
    • STEEL
  • Projects
  • Events & Conferences
  • Contact US
  • More
    • Newsletter Archive 2022

© 2019 Copyright Valuemediaservices All rights reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In