Roxgold Produces 32,987 Ounces of Gold During Q3 of 2016

Roxgold (TSXV:ROG) has announced that gold production for the third quarter of 2016 totaled and declared commercial production at its Yaramoko gold mine in Brukina Fasco has been effective since October 1, 2016.
John Dorward, president and CEO, said:

We are pleased to have reached yet another significant milestone at Yaramoko and look forward to continuing our track record of meeting expectations and to a bright future. Total gold production at Yaramoko reached 47,469 ounces at an average mill feed grade of 15.6 grams per tonne as of September 30, 2016.Bringing Yaramoko into production ahead of schedule and under budget is an achievement we can all be proud of, and I want to thank Roxgold’s employees and contractors for their continuing hard work and dedication.

As quoted in the press release:

From July 1, 2016 to September 30, 2016, the Yaramoko gold mine produced 32,987 ounces of gold. During the same period, 34,594 ounces were sold at an average realized price of US$1,334 per ounce.
The second stope (MD_5219-53) was extracted successfully in September 2016. This double height stope remained stable and dilution, at 17.9%, was below the Feasibility Study assumption of 20.5%. The first stope (MD_5219-38) has been filled with cemented rock fill in preparation for the extraction of the adjoining stope. Roxgold is encouraged by the efficiency with which stoping operations have been established at Yaramoko.
As a result of the successful mining and extraction rates achieved since commencing stoping in August and September 2016, together with high processing plant availabilities and gold recoveries above Feasibility Study assumptions, the Company’s Yaramoko gold mine has achieved commercial production effective October 1, 2016.

Click here to read the full press release.