Roxgold Reports Q2 Highlights, Near-term Objectives

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.