VANCOUVER (miningweekly.com) – TSX-listed issuer Roxgold has increased its full-year guidance by nearly 9% to a range of between 115 000 oz and 125 000 oz of gold, compared with the previous guidance of 105 000 oz to 115 000 oz.
The Toronto-based company, which operates its flagship Yaramoko gold mine, in the Houndé greenstone region of Burkina Faso, said higher-than-expected mining rates and grades at Yaramoko's 55 Zone have boosted the production forecast.
The 2017 full-year guidance for cash operating cost and all-in sustaining cost remain unchanged between $445/oz and $490/oz, and $740/oz and $790/oz of gold, respectively.
At the end of August the company had produced over 81 500 oz of gold, or more than 70% of the lower end of its revised guidance range, the company advised.
Roxgold's TSX-listed stock gained up to 5.6% on Wednesday to C$1.32 apiece.