Resource News

Roxgold Inc. (TSXV:ROG) announced that it’s completed the first US$30-million drawdown of a previously announced US$75-million, six-year senior secured project finance facility for its Burkina Faso-based Yaramoko gold project.

Roxgold Inc. (TSXV:ROG) announced that it’s completed the first US$30-million drawdown of a previously announced US$75-million, six-year senior secured project finance facility for its Burkina Faso-based Yaramoko gold project.
Highlights include:

  • Overall construction program approximately 36% complete
  • Bulk earthworks approximately 95% complete
  • Water Storage Facility and Tailings Storage Facility embankments completed ahead of schedule
  • Mine access boxcut completed and portal collar ground preparations completed
  • Underground access ramp developed to 30 metres
  • Permanent accommodation camp approximately 85% complete
  • Project budget on track with approximately US$27 million spent out of a total US$44 million committed of the estimated US$110.8 million project capital cost
  • Project Commissioning remains targeted for mid-2016

John Dorward, president and CEO of Roxgold, commented:

We are pleased that the project continues to progress well. The initial drawdown under the project finance facility is a significant milestone and I would like to thank our team as well as our advisors for their efforts.

Click here to read the full Roxgold Inc. (TSXV:ROG) press release.

Featured

MARKETS

Markets
TSX20748.58+216.40
TSXV724.19+9.53
DOW33212.96+575.77
S&P 5004158.24+100.40
NASD12131.13+390.48
ASX7182.70+76.80

COMMODITIES

Commodities
Gold1853.48+0.45
Silver22.12+0.03
Copper4.32+0.06
Palladium2076.57+13.05
Platinum957.08+2.92
Oil115.07+0.98
Heating Oil3.90+0.05
Natural Gas8.71-0.19

DOWNLOAD FREE REPORTS

×