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    market news

    Roxgold Releases PEA for Séguéla Gold Project in Côte d’Ivoire

    Charlotte McLeod
    Apr. 14, 2020 11:46PM PST
    Gold Investing

    West Africa-focused Roxgold released a preliminary economic assessment for its Séguéla gold project in Côte d’Ivoire. 

    West Africa-focused gold producer Roxgold (TSX:ROXG,OTCQX:ROGFF) released a preliminary economic assessment (PEA) for its Séguéla gold project in Côte d’Ivoire.

    As quoted in the press release:

    The PEA provides a base case assessment of developing the Antenna, Ancien, Agouti and Boulder deposits as open pit mines feeding a central gold processing facility. Roxgold expects to continue its evaluation of Séguéla with the intent of growing the resource base and advancing to the feasibility stage.

    Highlights are as follows:

    Production

    • Life of Mine (“LOM”) gold production of 841,000 ounces with average annual gold production of 103,000 ounces
    • Average annual gold production of 143,000 ounces over the first three years of production, with an estimated production peak of 154,000 ounces in year three

    Costs

    • Average cash costs1 of $605 per ounce over the LOM, including a cash cost of $475 per ounce over the first three years of production
    • Average All-In Sustaining Costs (“AISC”)1 of $749 per ounce over the LOM, including an AISC of $600 per ounce over the first three years of production

    Development Capital

    • Estimated pre-production capital cost of $142 million (including a $20 million contingency)
    • Conventional processing plant with a processing rate of 1.25 million tonnes per year with scalability incorporated into plant design for potential expansion

    Click here for the full Roxgold (TSX:ROXG,OTCQX:ROGFF) press release.

    séguélamarket newstsx:roxgcôte d’ivoireotc:rogffwest africa
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