Jump to content
Sign in to follow this  
drbubb

Roxgold /ROXG.t (133,000 oz.) & cheap Gold miners

Recommended Posts

Gold could be strong going into 2020.

And this should help Gold shares, maybe especially the weaker ones - like ROXG

PGM vs-ROXG, etc... update / PGM: $0.72 +0.02, ROXG: $0.97 +0.03 , GOLD: $1.22 +0.01, REN: $0.33 unch

etsO1oz.gif

RATIO: ROXG: $0.97 /  PGM: $0.72 , R- 134.7%

Share this post


Link to post
Share on other sites

THREE quantum levels for these stocks, and ROXG is still in the Lowest one

Gold miners: ... update /

GCM: $5.49, 96.1% over $2.80 Yr’s Low (recent H: $5.76)
GDXJ: $42.39, 52.5% over $27.80, VIT: $9.07, 63.4% over $5.55,  ROXG: $1.03, 43.1% over $0.72

DsHoRjD.gif

==

==

Share this post


Link to post
Share on other sites

Down 9 cents on Report - which sounds upbeat on first reading...

Roxgold ACHIEVES RECORD ANNUAL AND Q4 PRODUCTION AND PROVIDES THREE YEAR OPERATIONAL OUTLOOK

 

 

Toronto, Ontario – January 14, 2020 – Roxgold Inc. (“Roxgold” or “the Company”) (TSX: ROXG) (OTC: ROGFF) is pleased to announce its preliminary production results for the fourth quarter and full year of 2019. The Company also announces its three-year production and operating guidance for its Yaramoko Gold Project, located in western Burkina Faso. All amounts are in U.S. dollars unless otherwise indicated.

 

2019 Highlights

Operations

  • Strong safety record maintained with no lost time injuries recorded in 2019
  • Record quarterly gold production of 41,162 ounces
  • Record quarterly plant throughput of 131,439 tonnes exceeding nameplate capacity by 30%
  • Gold production of 142,204 ounces in 2019 relative to low end guidance of 145,000 ounces
  • Record plant throughput of 466,157 tonnes in 2019 exceeding nameplate capacity by 16%

 

Financial

  • Sold 140,800 ounces of gold for annual gold revenues totalling approximately $196 million
  • Generated strong free cashflow (before growth spend)1 of over $47 million2 in the second half of the year increasing our cash balance from $19.4 million to approximately $41.8 million2 as of December 31, 2019
  • Strong balance sheet with a net cash position of over $16 million as of December 31, 2019 (cash balance of approximately $41.8 million2 and long-term debt face value balance of $25.6 million2)

 

“Yaramoko had an exceptional last quarter with record production and plant throughput averaging over 30% of nameplate capacity. This led to full year production being within 2% of the low end of production guidance mainly due to the timing of mining high grade stopes in December.” said John Dorward, President and CEO of Roxgold. “As a result of the strong operational performance, we generated over $47 million of free cashflow before growth expenditures in the second half of the year. This has enabled us to strengthen our balance sheet finishing the year with approximately $42 million in cash and in a net cash position of $16 million. We are looking forward to an exciting 2020 as we rapidly advance the Séguéla Project, with an updated resource expected early this year and a Preliminary Economic Assessment on track for early second quarter. Meanwhile, our team continues to pursue additional growth opportunities through our ongoing organic exploration programs while keeping our eyes open for further external opportunities.”

Share this post


Link to post
Share on other sites
4 hours ago, drbubb said:

Down 9 cents on Report - which sounds upbeat on first reading...

Roxgold ACHIEVES RECORD ANNUAL AND Q4 PRODUCTION AND PROVIDES THREE YEAR OPERATIONAL OUTLOOK

 

 

Toronto, Ontario – January 14, 2020 – Roxgold Inc. (“Roxgold” or “the Company”) (TSX: ROXG) (OTC: ROGFF) is pleased to announce its preliminary production results for the fourth quarter and full year of 2019. The Company also announces its three-year production and operating guidance for its Yaramoko Gold Project, located in western Burkina Faso. All amounts are in U.S. dollars unless otherwise indicated.

 

2019 Highlights

Operations

  • Strong safety record maintained with no lost time injuries recorded in 2019
  • Record quarterly gold production of 41,162 ounces
  • Record quarterly plant throughput of 131,439 tonnes exceeding nameplate capacity by 30%

Bit of an ouch!

I’m only guessing, but seems it’s being sold off on people’s interpretations of lower production numbers for the next 3 years? Yet the mine life is being maintained and it’s over looking the Seguela project i.m.o

Share this post


Link to post
Share on other sites

SPECTACULAR DRILL RESULT - should help the ROXG stock

ROXGOLD RETURNS MULTIPLE HIGH GRADE RESULTS INCLUDING
42 METRES OF 16.97 G/T IN ANCIEN DEPOSIT AT SÉGUÉLA

 

Toronto, Ontario – January 16, 2020 - Roxgold Inc. (“Roxgold” or the “Company”) (TSX: ROXG) (OTCQX: ROGFF) is pleased to announce updated drilling results from the Company’s Séguéla gold project (“Séguéla”) located in Côte d’Ivoire.

Highlights:

Ancien results from Reverse Circulation (“RC”) and Diamond Core (“DD”) drilling:

  • 42 metres (“m”) at 16.97 grams per tonne gold (“g/t Au”) in drill hole SGRD456 from 133m
  • 10m at 19.70 g/t Au in drill hole SGRD464 from 111m
  • 6m at 27.56 g/t Au in drill hole SGRD466 from 73m
  • 23m at 7.79 g/t Au in drill hole SGRD462 from 20m
  • 16m at 6.52 g/t Au in drill hole SGRD463 from 27m
  • 8m at 9.89 g/t Au in drill hole SGRC451 from 141m
  • 10m at 7.15 g/t Au in drill hole SGRC453 from 159m, and
  • 12m at 2.13 g/t Au in drill hole SGRC452 from 85m

Boulder results from RC drilling:

  • 3m at 35.41 g/t Au from 50m in SGRC410
  • 8m at 7.18 g/t Au from 108m in SGRC394
  • 10m at 3.67 g/t Au from 4m in SGRC411
  • 5m at 7.16 g/t Au from 126m in SGRC412
  • 11m at 2.96 g/t Au from 104m in SGRC413, and
  • 8m at 3.39 g/t Au from 58m in SGRC415

“We are very encouraged by the latest Séguéla assay results which illustrate the upside potential of this project.” stated John Dorward, President and Chief Executive Officer. “The Ancien target continues to return high grade intersections across significant widths while showing real indications of down-plunge potential, while the Boulder target demonstrates the near-surface potential of several of the satellite targets surrounding the original Antenna deposit. We have four rigs currently working at Séguéla and we are eagerly anticipating further results over the coming months. Meanwhile, we look forward to providing an updated resource later this month, which will include the latest drill results from Ancien, Boulder, Agouti, and Antenna – with a PEA to follow in early second quarter this year. “

Paul Weedon, Vice President Exploration commented “These latest outstanding high grade results from Ancien after the excellent initial results in December have extended the high grade a further 60m down plunge where it remains open and starts to build out the potential of Ancien as a high value addition to the Séguéla project. We are excited to see this high grade project emerge in such a short period. We are continuing to drill Ancien and look forward to the results over the coming weeks from additional step-out drilling down plunge and along strike. Meanwhile, work at Boulder has continued to delineate several higher grade zones and improve the understanding of the key controls to the mineralization as we continue to develop the Boulder – Agouti corridor”.

 

Séguéla Project

Exploration activities have continued to progress with the objective of delineating additional mineral resources within close proximity to Antenna. The current targets, including Agouti, Boulder and Ancien, are within 10 kilometres of the Antenna deposit.

mail?url=https%3A%2F%2Fs3.amazonaws.com% 

Figure 1.  Séguéla Satellite Prospects

Ancien

At Ancien, approximately 7 kilometres south-east of Antenna, 18 RC/DD drill holes were completed in December, following up 10 successful reconnaissance RC drill holes drilled in November 2019 (refer previous release 2 December 2019, which included the headline hole of 23m at 19.73 g/t from SGRC329). Results from 17 of these holes have been received to date, infilling and extending a well-defined and broad zone of high grade mineralization an additional 60m down plunge to more than 220m where it remains open.  Further step-out drilling with two rigs will continue through the quarter...

>

Share this post


Link to post
Share on other sites

UP 9% so far

On some great drill holes (c.f 42 METRES OF 16.97 G/T

Share this post


Link to post
Share on other sites

Yeah, I didn’t waiver, honest lol

Resource upgrade end of the month to look forward to, that should do the trick now.

Share this post


Link to post
Share on other sites

ROXGOLD ANNOUNCES A SIGNIFICANT INCREASE IN MINERAL RESOURCES AT THE SÉGUÉLA GOLD PROJECT

Toronto, Ontario – January 29, 2020 - Roxgold Inc. (“Roxgold” or the “Company”) (TSX: ROXG) (OTC: ROGFF) is pleased to report an updated Mineral Resource Estimate for the Séguéla Gold Project located in Côte d’Ivoire. Total Indicated Mineral Resources increased 7% to 529,000 ounces (“oz”) and Inferred Mineral Resources increased 1,286% to 471,000 oz since Roxgold’s maiden March 19, 2019 Mineral Resource estimate.

Highlights:

  • The updated NI 43-101 Mineral Resource Estimate includes 18,693 m of Reverse Circulation (“RC”) and diamond core (“DD”) drilling since the completion of the Séguéla acquisition in April 2019. The drill program prioritized the delineation and definition of maiden resource estimates at the Ancien, Agouti, and Boulder satellite deposits; and infilling of the Antenna deposit.
    • Updated Indicated Mineral Resource at Antenna of 529,000 ounces (“oz”) at 2.3 grams per tonne (“g/t’) and an Inferred Mineral Resource of 64,000 oz at 2.2 g/t
    • Maiden Inferred Mineral Resource of 224,000 oz at 6.6 g/t for the Ancien deposit
    • Maiden Inferred Mineral Resource of 110,000 oz at 2.6 g/t for the Agouti deposit
    • Maiden Inferred Mineral Resource of 72,000 oz at 1.2 g/t for the Boulder deposit
  • Drilling at Ancien has returned numerous high grade intersections across significant widths while showing indications of down-plunge potential as mineralization remains open at depth. The drill program is ongoing at Ancien with two rigs focused on extensionary drilling to the south and at depth of the deposit.
  • At Agouti and Boulder, an additional two rigs are continuing to drill focused on infilling selected areas and testing the strike limits of the deposits. 
  • Roxgold has identified an additional 22 highly prospective targets at Séguéla that have seen little to no historic drilling.

“I would like to congratulate our exploration team for achieving this important milestone,” stated John Dorward, President and Chief Executive Officer. “The Séguéla Project has become a substantial value accretive project for Roxgold, and we believe that this updated resource underscores the potential for this project to stand alongside our current operations to build the foundation for Roxgold and its future. Our next priority will be the completion of the PEA in the second quarter of this year. I am very excited by Séguéla’s significant potential, notably at the Ancien deposit which remains open at depth and along strike, as well as the potential within the Boulder-Agouti corridor and the additional 22 highly prospective targets that have been identified. We continue to have all hands on deck at Séguéla, with four rigs turning, and we are eagerly anticipating further results over the coming months.”

“The accelerated exploration activities at Séguéla during 2019 has allowed us to fast-track the maiden NI 43-101 Mineral Resource Estimates for Agouti, Ancien and Boulder, while also increasing the Antenna Indicated Resource, resulting in a significant increase in the total project resource estimate,” commented Paul Weedon, Vice President – Exploration.  “With four rigs still working on additional infill and extension drilling at Ancien and Agouti, we remain confident in the potential to grow the current resource base.  We look forward to see future results from Ancien, as it remains open at depth and has returned remarkable consistency in the high grade intercepts to date; in addition, the exploration teams are advancing work on several of the remaining 22 targets where early results highlight the potential for additional satellite prospects”.

Please see Table 1 for the January 29, 2020 Séguéla Mineral Resource summary table and Table 2 for the change in the total Séguéla Mineral Resource. This Mineral Resource update includes the following deposits at the Séguéla gold project: Antenna, Ancien, Agouti and Boulder (Figure 1).

Séguéla Mineral Resource

Table 1 – Séguéla Mineral Resource Statement Summary

 

Séguéla January 2020 Mineral Resource Estimate

 

Measured

Indicated

Measured & Indicated

Inferred

 

Tonnes

Grade

Metal

Tonnes

Grade

Metal

Tonnes

Grade

Metal

Tonnes

Grade

Metal

 

(Mt)

(g/t Au)

(000 oz)

(Mt)

(g/t Au)

(000 oz)

(Mt)

(g/t Au)

(000 oz)

(Mt)

(g/t Au)

(000 oz)

 

Antenna

-

-

-

7.1

2.3

529

7.1

2.3

529

0.9

2.2

64

 

Ancien

-

-

-

-

-

-

-

-

-

1.1

6.6

224

 

Agouti

-

-

-

-

-

-

-

-

-

1.3

2.6

110

 

Boulder

-

-

-

-

-

-

-

-

-

1.9

1.2

72

 

Total

-

-

-

7.1

2.3

529

7.1

2.3

529

5.2

2.8

471

 

                               

 

Notes:

(1) Mineral Resources are reported in accordance with NI 43-101 with an effective date of January 29, 2020, for Séguéla.

(2) The Séguéla Mineral Resources are reported on a 100% basis at a gold grade cut-off of 0.3 g/t Au for Antenna and 0.5 g/t Au for the satellite deposits, based on a gold price of US$1,550/ounce and constrained to MII preliminary pit shells.

Share this post


Link to post
Share on other sites

Stock chart update

- ROXG could still be in the beginning of a big uptrend, and/or is a good switch-into candidate

PGM -etc: ROXG, ... update / roxg.t:$0.85 / pgm.v: $0.75 = 113.3% is a "cheap" Ratio

HUONMdA.gif

ROXG-to PGM ratio

UVq6QAF.png

Share this post


Link to post
Share on other sites

I’m well pleased as boldly topped up at low of dip, just thought  resource upgrade would reignite it.

Another strong session today, up 9c breeching $1 a few times, before a strong close at $1.02

Share this post


Link to post
Share on other sites

I’m out today at close to 1.03 which is good enough for now, will sit back and assess now.

Share this post


Link to post
Share on other sites

MORE GOOD NEWS, but little response

I think the drill results were very positive, and I am surprised the stock did not do better

The timing of the announcement was not good, with gold and gold stocks down.

====

Roxgold drills 10.7 m of 18.1 g/t Au at Boussoura

2020-02-03 06:07 ET - News Release

Mr. John Dorward reports

ROXGOLD ANNOUNCES NEW HIGH GRADE DISCOVERY AT BOUSSOURA, BURKINA FASO

Roxgold Inc. has made a new high-grade discovery at Galgouli and has released excellent results following up historic drilling at Fofora at the Boussoura project in the southern portion of the Hounde greenstone belt in southern Burkina Faso. The Hounde greenstone belt is host to several operating gold mines, including Roxgold's Yaramoko mine, which is 190 kilometres to the north. The Boussoura project is located approximately 10 kilometres north of the Ivory Coast border.

Boussoura highlights

Galgouli:

  • 14 metres at 10.5 grams per tonne gold in drill hole BSR-19-RD-GAL-002 from 134 m;
  • (more)

Fofora:

  • 10.7 m at 18.1 g/t Au in drill hole BSR-19-DD-FFR-001 from 77.4 m, including:
    • 0.86 m at 98.1 g/t Au from 81.2 m;
    • Two m at 47.1 g/t Au from 84.9 m;
    • (more)

"Our exploration team has had tremendous recent exploration success with a new high-grade discovery at the Boussoura project following on from the significant increase in total resources at Seguela announced last week," stated John Dorward, president and chief executive officer. "We have a very attractive growth pipeline and are well positioned to deliver on our aspirations of being the next West African multiasset gold producer. We currently have two rigs drilling on the Boussoura project and we are eagerly anticipating further results over the coming months."

Paul Weedon, vice-president, exploration, commented: "We are excited about these high-grade results, especially from Galgouli as they represent the first drilling into this new discovery and support the numerous high-grade rock chip samples collected by the exploration team in late 2019. These results are setting up the potential for Roxgold's third high-grade project. With two rigs currently working on additional infill and extension drilling at Galgouli and Fofora we are looking forward to growing the current mineralized footprint. ...."

> More: https://www.stockwatch.com/News/Item?bid=Z-C%3aROXG-2861238&symbol=ROXG&region=C

Share this post


Link to post
Share on other sites

Managed to make a near 6c momentum trade gain, virtually got back 80% of my position in the process.

It was creeping to high to get the rest, so thought I’d hold back in case of any further “sale” opportunities.

Share this post


Link to post
Share on other sites

If it pops, I might sell my PGM, and buy more ROXG

PGM vs: ROXG, etc ... update / Last: PGM: $0.82 +0.04 / ROXG: $0.99 +0.05 = Ratio: 82.8%

vAVjkuG.gif

==

Share this post


Link to post
Share on other sites

Roxg possibly lagging other gold stocks rise?

Current 75c from a year low of 57c. No position as yet but interested again.

Share this post


Link to post
Share on other sites

Hammered 5% again and very tempting now. Would like it to drop back to mid 70’s dithered last time, won’t again.

Share this post


Link to post
Share on other sites

Sold out again at 96c it started to stutter last night having got near 1.04 so I bailed with another tidy profit.

Will be back on any weakness.

Share this post


Link to post
Share on other sites

ROXG : $1.07 +0.12, +12.63%

I added some 2-3 weeks ago, on the drop

ROXGOLD DELIVERS ROBUST PEA FOR THE SÉGUÉLA GOLD PROJECT
WITH AFTER-TAX NPV OF $268 MILLION AND 66% IRR

 

Toronto, Ontario – April 14, 2020 - Roxgold Inc. (“Roxgold” or the “Company”) (TSX: ROXG) (OTCQX: ROGFF) is pleased to announce the results of a Preliminary Economic Assessment (“PEA”) for the high-grade Séguéla Gold Project (“Séguéla”) in Côte d’Ivoire. The PEA was prepared in accordance with Canadian Securities Administrators’ National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). The PEA provides a base case assessment of developing the Antenna, Ancien, Agouti and Boulder deposits as open pit mines feeding a central gold processing facility. Roxgold expects to continue its evaluation of Séguéla with the intent of growing the resource base and advancing to the feasibility stage.

A webcast and conference call to discuss the PEA results will be held on Wednesday, April 15th, 2019, at 8:00AM Eastern time – details of the call are outlined in the “Séguéla Gold Project PEA Conference Call” section below.

Key Highlights (all financial results are in U.S. dollars unless otherwise noted):

Production

  • Life of Mine (“LOM”) gold production of 841,000 ounces with average annual gold production of 103,000 ounces
  • Average annual gold production of 143,000 ounces over the first three years of production, with an estimated production peak of 154,000 ounces in year three

Costs

  • Average cash costs1 of $605 per ounce over the LOM, including a cash cost of $475 per ounce over the first three years of production
  • Average All-In Sustaining Costs (“AISC”)1 of $749 per ounce over the LOM, including an AISC of $600 per ounce over the first three years of production

Development Capital

  • Estimated pre-production capital cost of $142 million (including a $20 million contingency)
  • Conventional processing plant with a processing rate of 1.25 million tonnes per year with scalability incorporated into plant design for potential expansion

Financial

  • LOM after-tax net cash flow of $354 million at a gold price of $1,450 per ounce
  • Project payback of 1.2 years
  • Robust economics with net present value (“NPV”) and internal rate of return (“IRR”) of:

 

Share this post


Link to post
Share on other sites

Don’t rub it in Dr B, what a muppet I am, should’ve waited another session only sold near the end too...D’ohh.

Share this post


Link to post
Share on other sites

Haha. Don't worry.  You made money.

I do that all the time, sell too soon.  So now I usually only sell 1/3 or 1/2, and then wait for higher levels.

The good news is helping to push ROXG higher, faster than GDXJ, which fell yesterday

ROXG vs-GDXJ ... update:  Day-H: $1.14, Close: $1.07, +0.12, +12.83% vs. $37.42, -$1.11, -2.88%

payTb5k.gif

The news may be allowing a sustainable breakout above $1.00

Share this post


Link to post
Share on other sites

Roxgold Roars! up 8 cents to C$1.15

Share this post


Link to post
Share on other sites

John Dorward's Roxgold Inc. (ROXG), up two cents to $1.08 on 1.26 million shares, has received assays of up to 13.8 grams of gold per tonne over 12 metres from the Ancien zone at its Seguela project in Ivory Coast. The latest batch of assays from the energetic infill and extension drilling program also covered the Agouti zone, where hits of up to 8.2 grams per tonne over 11 metres were recorded, and the Boulder zone, which returned up to 8.8 grams per tonne over six metres.

Share this post


Link to post
Share on other sites

BULLBOARD Comments / Optimism is growing

Good day for Roxgold

A good day but if one think about that they just released the new project that will double the production to 250.000 - 300.000oz with a total cost of 750oz and payback in a year, I think we can see $2 in next weeks. And even then Roxgold will be one of the cheapest gold miners out there. Just buy the dips from here
 
+. It turned out as an up day! Most gold mining stocks were down. I'm glad it turned inti a positive day. There are many reasons to expect a much higher price.

AISC

I gotta say, I was researching to get into some other juniors as I'm invested heavily in EDV and ROXG. Was looking at small cap juniors like PG, AR, AKG, NVO. I gotta say, it's tough to get below the ROXG AISC. It is among the industry leaders in low cost production. 

Any ideas on the board for low cost, small cap gold producers (with no or very little silver exposure)? 

Thanks , sb

Share this post


Link to post
Share on other sites

ROXGold, the easy part of the rally may be ending ... update / Last C$1.23

2svWSuI.gif

I let my pure gold / PGM shares go at $0.85 ... update

M4MisFf.gif

Bought ROXG when it was cheap versus PGM.v - but kept both until yesterday

xx

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×