West Africa’s Next Multi-Asset Gold Producer
Roxgold is a Canadian-based gold mining company with assets located in West Africa. The Company owns and operates the high-grade Yaramoko Gold Project located in south western Burkina Faso on the Houndé greenstone belt and is advancing the development and exploration of the Séguéla Gold Project located in Côte d’Ivoire.
The Yaramoko gold mine consists of two high-grade underground gold mines: the 55 Zone and Bagassi South. Annual gold production in 2020 is expected to be between 120,000 and 130,000 ounces. Since starting production in 2016, Yaramoko has produced approximately 575,000 ounces of gold while maintaining a seven-year life of mine due to continued successful resource conversion. As a high-grade, high margin operation, Yaramoko delivers strong cash flows which continue to be invested back into the business for value-accretive per share growth.
The Séguéla Gold Project is an advanced stage development project that is rapidly advancing towards a construction decision early next year. Roxgold acquired the high-grade potential Séguéla Gold Project in April 2019 and has rapidly brought it up the value chain – growing the resource and releasing a Preliminary Economic Assessment on the project in April 2020. The Séguéla Project has the potential to more than double the production profile of Roxgold within a short time frame.
Sustainability is a core value of Roxgold’s business, reflected in all of its strategies, from the approach to environmental stewardship to community development programs. Last year, the company was awarded the Honor Medal from Local Communities of Burkina Faso, a nationally recognized merit for Roxgold’s commitment to socio-economic development for the local people. Roxgold has outlined a set of policies, plans, programs, procedures and tools in accordance with the Government of Canada’s Corporate Social Responsibility Strategy and internationally recognized standards such as the Equator Principles and the International Finance Corporation’s (IFC) Performance Standards. Roxgold’s sustainability action plans are based around the commitments to stakeholders and their expectations, aligning with international shared frameworks like the UN Sustainable Development Goals (SDGs) to create meaningful value for both the company’s business and society.