The Conversation (0)
Roxgold (TSXV:ROG) has commenced construction at its Yaramoko gold project in Burkina Faso. The company is targeting production at the mine for Q2 2016.
Roxgold (TSXV:ROG) has commenced construction at its Yaramoko gold project in Burkina Faso. The company is targeting production at the mine for Q2 2016.
As quoted in the press release:
Roxgold has commenced site works on the project with the mobilization of its camp construction contractors in late March 2015 following the successful completion of compensation arrangements for affected landholders on the property and a formal development decision from its Board of Directors.
De Simone, a contractor with extensive experience at similar operations in West Africa, including the Perkoa underground mine in Burkina Faso, is building a permanent 190 person camp at the project.
Construction of the project’s water storage facility, tailings storage facility, roads and terracing for the processing plant has also commenced. DRA/Group Five, the fixed price, lump sum Engineer, Procure and Construct (“EPC”) contractor, together with African Underground Mining Services (“AUMS”), the underground mining contractor, are scheduled to mobilize to site later this quarter to enable Roxgold to maintain its target schedule.
“The commencement of construction on the project marks the beginning of another exciting phase in our development, and puts us well on track for first gold in the second quarter of 2016,” said Paul Criddle, Roxgold’s Chief Operating Officer.
Roxgold president and CEO, John Dorward, said:
We are delighted to announce that we have officially broken ground at Yaramoko. In less than three years, Roxgold has advanced the project from a maiden resource through feasibility and permitting and now into construction. We remain well-funded and expect to be pouring gold at our high grade, low cost operation in the second quarter of next year.