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Roxgold Inc. (TSXV:ROG) announced its financial results for the three and six months ended June 30, 2014, commenting that one Q2 highlight was the release of a feasibility study for its Yaramoko gold project.
Roxgold Inc. (TSXV:ROG) announced its financial results for the three and six months ended June 30, 2014, commenting that one Q2 highlight was the release of a feasibility study for its Yaramoko gold project.
Other highlights include:
- Continued exploration on the prospective Bagassi South Zone with expenditures on the Yaramoko exploration property totalling $6,997,000, for the quarter ended June 30, 2014;
- On June 26, 2014, Roxgold announced that following a competitive selection process, it had executed a US$75 million project finance mandate with Société Générale Corporate & Investment Banking and Credit Suisse AG;
- At June 30, 2014, the Company had $29,943,000 in cash and cash equivalents; and
- Net loss for the quarter ended June 30, 2014 amounted to $1,968,000.
The company’s near-term corporate objectives include:
- Completing detailed engineering during the third quarter;
- Finalizing permitting, which is expected during the fourth quarter;
- Finalizing project financing, which is expected during the second half of the year;
- Formal commencement of development stage activities; and
- Initiating early stage construction works to preserve the timeline to production.
Click here to read the full Roxgold Inc. (TSXV:ROG) press release.