Roxgold Company Profile

Roxgold

ROXGOLD IS A GOLD MINING COMPANY WITH ITS KEY ASSET, THE HIGH GRADE YARAMOKO GOLD MINE, LOCATED ON THE HOUNDÉ GREENSTONE BELT IN BURKINA FASO, WEST AFRICA
Company Exposure

Gold

Company Listing

Roxgold

Stock Code

TSX:ROXG

Company Overview



Roxgold (TSX:ROXG) is a Canadian-based gold mining company with its key asset, the high-grade, low cost Yaramoko Gold Mine, located on the Houndé greenstone belt in Burkina Faso. The Company operates the 55 Zone underground mine and has a second high-grade underground mine, Bagassi South, currently in development with first ore expected in the fourth quarter of 2018.

Investment Highlights

Operations 55 Zone

  • Strong cash flow generation; commenced commercial production in October 2016
  • High-grade resource at 17.1 grams per tonne (“g/t Au”) compared to average grade of gold mines in Burkina Faso at 1.5 g/t Au
  • 99% recovery rates

Expansion Bagassi South

  • Increases production by ~40% to approximately 160,000 ounces in the near term
  • Proven and Probable mineral reserves of 458,000 tonnes at 11.54 g/t Au for ~ 170,000 oz
  • Estimated average gold production of 40,000 oz per year
  • First ore expected Q4 2018

Growth Regional Targets

  • Regional targets on ~230km2 land package located on Houndé belt
  • Focus on targets along the Boni Shear Zone, Haho, Kaho and Houko with 64,000 metres of drilling planned for 2018
Live Financials

Latest Announcements

Share Price Performance

Team

John Dorward – President & Chief Executive Officer
Natacha Garoute – CFO
Iain Cox – Interim Chief Operating Officer
Eric Pick – VP Corporate Development
Craig Richards – Principal Mining Engineer

Major Shareholders

Appian Capital 13.2%
M&G Investments 9.7%
1832 Asset Management 9.0%
African Lion 6.5%
IFC 6.2%
Insiders & Management 3.5%

Operations & Projects

Yaramoko Gold Mine

  • The Yaramoko gold mine consists of two gold deposits:
  • 55 Zone, a fully underground mine which is currently in production, and
  • Bagassi South, which is currently in development
Yaramoko Gold Mine

55 Zone- 2017 First Full Year of Operations highlights

  • Produced 127,000 ounces of gold in 2017, exceeding increased guidance of 115,000 – 125,000 ounces in first full year of operations
  • Beat and Achieved low end of cost guidance in 2017
    • Cash Operating Cost1 – US$438 oz
    • AISC1 – US$740 oz
  • 24% Return on Equity to Shareholders
  • 2018 production expected to be in the range of 120,000 – 130,000 oz

55 Zone Resource*

*As of 31 December 2016

  • The 55 Zone 2017 deep drilling program was completed in Q4 2017
  • High-grade shoot extended to 1.1km below surface with hole YRM-17-DD-443W1, down plunge from hole YRM-16-DD-426
  • The 55 Zone shoot is open at depth and characterized by a wide shear envelope and shear hosted veins at depth
  • Resource conversion underground drilling program expected to begin in 2019 with aim to convert inferred resources to indicated

See press release dated February 2, 2017 for more information which is available on the Company’s corporate website (www.roxgold.com) and on SEDAR at www.sedar.com and contains details regarding data verification undertaken, the results and interpretation of the exploration, details regarding location, types, depths and other details of the drill holes and QA/QC information.

55 Zone – Long Section

Bagassi South – Second High-Grade, Low-Cost Underground Mine

  • Robust project economics
    • 53.2% after-tax IRR with a 1.8 year payback on initial capital
  • ~40% increase in Yaramoko annual gold production
    • Proven and Probable Mineral reserves of 458,000 tonnes at 11.54 g/t Au for ~170,000 oz
    • Estimated average gold production of 40,000 oz per year
    • Plant expansion sees throughput increased from 750 tonnes per day to 1,100 tpd
  • Low Cost
    • Cash Operating Cost1 – US$361 oz (LOM)
    • All in Sustaining Cost1 – US$630 oz (LOM)
  • Self-funding Bagassi South Expansion Project cost of ~US$30 million
  • Utilizes synergies with the existing Yaramoko operation
  • First ore expected in late Q4 2018

Exploration Potential

  • Large regional land package of approximately 230km2, located on the Houndé Belt
  • Majority of known anomalies and deposits are located along the Boni Shear regional break and the second order Yaramoko Shear
  • 2017 drilling program focused mostly on resource growth at depth at the 55 Zone and resource conversion at Bagassi South – 65,000 metres drilled in 2017
  • 2018 drilling program shifting to a more regional focus with drilling along the Boni Shear, Haho, Kaho and Houko – 64,000 metres of drilling planned for 2018
  • Two large auger grids on the Houko concession and Tarkwaian basin
Underground Mine Plan

Yaramoko Concession

Contact Details

WEBSITE: www.roxgold.com

EMAIL: info@roxgold.com

PHONE: +1 416-203-6401

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