Roxgold has encountered some challenges over the past few months, but President and CEO John Dorward was optimistic at VRIC.
Gold exploration and development company Roxgold (TSXV:ROG) has encountered a few challenges lately. It was in focus in November 2014 when an uprising in Burkina Faso, home to its Yaramoko project, led to the ousting of President Blaise Compaore, and it made headlines again more recently when Credit Suisse (NYSE:CS) pulled out of funding its Yaramoko project.
Despite those setbacks, President and CEO John Dorward was upbeat when speaking with Resource Investing News at Cambridge House International’s 2015 Vancouver Resource Investment Conference. “I think the fact that Societe Generale (EPA:GLE) has stayed involved and that we are having discussions with a number of different banks who are in their credit process that we’ll be successful in finding another lender,” he said of Credit Suisse’s departure.
He did admit that work at Yaramoko has been slightly delayed by the change in government in Burkina Faso, but noted, “apart from that we haven’t really experienced any impacts from the change in government.” Watch the video below to find out what the company will be up to in 2015.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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