Roxgold Announces Strong Q2 Production Results

Roxgold Inc. (TSX:ROXG) reported its 2018 second quarter and first half production results from the company’s Yaramoko Gold mine located in Burkina Faso.

Highlights are as follows:

• 5.1 million hours worked lost time injury (“LTI”) free at Yaramoko
• 35,828 ounces of gold produced in Q2
• 76,280 ounces produced at Yaramoko in H1 2018 which puts the company in a strong position to achieve the upper end of its increased guidance range of 120,000 – 130,000 ounces for the full 2018 year
• Record quarterly processing throughput of 75,417 tonnes – 12 percent above nameplate capacity
• Approval of the Bagassi South Mining decree by the Burkina Faso Council of Ministers
• Construction works at Bagassi South continue on schedule and remains on track for delivery of first ore in late Q4 2018
• Four drill rigs are currently operating at Yaramoko targeting extensions to the 55 Zone, Bagassi South and targets in the regional package

John Dorward, president and CEO, commented:

Yaramoko has delivered yet another strong quarter, surpassing five million hours worked lost time injury free and achieving a record quarterly processing throughput for the second consecutive quarter as a result of ongoing optimisation at the plant. With 76,280 ounces of gold produced in the first half of 2018, we are well positioned to achieve the upper end of our 2018 guidance range to produce between 120,000 and 130,000 for the full year.  Also during the quarter, we continued to make good progress on the construction at Bagassi South, our second high-grade underground gold mine, which continues to be on track for delivery of first ore expected in the fourth quarter later this year.