Burkina Faso's Yaramoko Gold Project on budget, schedule

Roxgold Inc., a Canadian mining and exploration firm, released an update on its Yaramoko gold project Monday, located southwest of Ouagadougou, Burkina Faso, West Africa.

Mine operations are being conducted through Roxgold's subsidiary Roxgold Burkina Faso SARL. The project's feasibility study was completed in April 2014; Roxgold received the signed mining convention from the Burkina Faso Ministry of Mines for the project in August 2015.

Production is expected to begin in the second quarter of this year. So far, the project remains on budget; to date, $64 million of the $110.8 million estimated total budget has been spent. Project commissioning, overall construction, bulk earthworks, tailings storage facilities, underground development and processing are all on schedule.

"We are very pleased with the progress on the project in recent months," Roxgold President and CEO John Dorward said. "With a number of important infrastructure works now complete, the team is focusing on underground development and the start of commissioning activities."

Underground contracting services for the project are being handled by workers from African Underground Mining Services. Raise boring contracting services will be provided by Murray & Roberts.

More information on progress at the Yaramoko site, including photos, can be found online at www.roxgold.com.