Welcome to our dedicated page for ROGFF news (Ticker: ROGFF), a resource for investors and traders seeking the latest updates and insights on ROGFF stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ROGFF's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ROGFF's position in the market.
Roxgold has announced promising results from its Sunbird prospect at the Séguéla Gold Project in Côte d’Ivoire, with notable drill findings including 13m at 15.6 g/t Au. The Koula deposit also shows extended high-grade mineralization, intersecting 6m at 10.8 g/t Au. These findings indicate the potential for significant resource expansion and support plans for further drilling and upcoming feasibility studies, aiming for a construction decision by mid-2021 to achieve first gold pour in 2022.
Roxgold has announced the exercise of its right to repurchase a 1.2% Net Smelter Royalty (NSR) on the Séguéla Gold Project for AUD$20 million, preempting an acquisition by another company. This transaction is cash neutral, as Roxgold simultaneously enters a new NSR agreement with Franco-Nevada for the same percentage at the same price. The new agreement includes a buy-back option for up to 50% of the NSR over three years. This strategic move secures Roxgold's interest in the project while avoiding equity dilution for shareholders.
Roxgold Inc. has made significant progress on the Séguéla Gold Project in Côte d’Ivoire, awarding preferred contractor status to Lycopodium for the engineering, procurement, and construction of a carbon-in-leach processing facility. Approximately 65% of the pre-production capital cost is now fixed, keeping estimates in line with the previous $142M figure from the Preliminary Economic Assessment. Early construction works are underway, including site access upgrades and accommodation village construction. The Feasibility Study results are expected next quarter, paving the way for a construction decision in mid-2021.
Roxgold Inc. has announced significant assay results from its down-plunge extension drilling at the high-grade Koula deposit within the Séguéla Gold Project in Côte d’Ivoire. These results are expected to enhance the overall value of the deposit, indicating robust potential for increased gold production.
Roxgold Inc. reported strong financial results for 2020, achieving gold production of 133,940 ounces at an average grade of 8.49 grams per tonne, exceeding initial targets. The company generated $239.7 million in gold sales, with an adjusted EBITDA of $108.8 million. Cash operating costs were $579 per ounce, aligning with guidance. Growth initiatives include the Séguéla Gold Project, which has an updated resource of 1,044,000 ounces of gold. Cash on hand increased to $61.9 million, enhancing financial stability.
Roxgold Inc. (TSX: ROXG, OTCQX: ROGFF) announces successful completion of the infill drilling program at the Koula deposit within the Séguéla Gold Project in Côte d’Ivoire. Highlights include significant gold grades, such as 12m at 38.3 g/t Au and 16m at 28.3 g/t Au. The results are expected to enhance the upcoming Feasibility Study, set for release next quarter, and indicate the deposit's potential as one of the highest-grade open-pit gold deposits in West Africa. Roxgold also plans further drilling to explore Koula's extensions and other project targets.
Roxgold Inc. has appointed Ms. Dawn Moss as a Non-Executive Director effective February 22, 2021, enhancing its Board of Directors. With over 25 years of mining industry experience, including roles at Eldorado Gold Corporation, Moss is expected to bolster corporate governance and oversight. The appointment coincides with the decision of Jonathan Rubenstein to not seek re-election to promote board renewal. Roxgold aims to become a leading multi-asset gold producer in West Africa, and Moss will initially serve on the Corporate Governance and Compensation Committees.
Roxgold Inc. (TSX: ROXG, OTCQX: ROGFF) has filed a 43-101 Technical Report on its Séguéla Gold Project in Côte d’Ivoire, effective November 30, 2020. This report supports the previously announced updated Mineral Resource estimate dated December 14, 2020. Prepared in compliance with Canadian Securities Administrator’s National Instrument 43-101, the report is accessible on SEDAR and the Company’s website, emphasizing Roxgold's commitment to transparency and regulatory standards in its mining operations.
Roxgold announced its preliminary production results for 2020, reporting gold production of 133,940 ounces, exceeding its annual guidance of 120,000-130,000 ounces. The Company achieved a record throughput of 512,276 tonnes and generated approximately $240 million in revenues from 135,310 ounces sold. Strong free cash flow of over $47 million increased cash to roughly $61.7 million. In 2021, production is projected between 120,000 and 130,000 ounces, with cash costs of $580-$640 per ounce. The company is advancing the Séguéla project, aiming for initial gold production in 2022.
Roxgold Inc. has announced the approval of an exploitation permit by the Côte d’Ivoire government for the development of the Séguéla Gold Project. This permit, valid for 10 years, is a key milestone for the company as it plans to ramp up construction by 2022. Roxgold has also commenced early works on-site, including upgrading access roads and constructing accommodation facilities. The project is anticipated to more than double production without requiring additional equity, enhancing value for shareholders.
