Roxgold Inc. (OTC:ROGFF) is one of my favorite gold juniors in Africa, as it continues stringing together good news and important milestones, besides owning the excellent and very profitable Yaramoko flagship project. Most recently, it finalized the debt component of capex financing, which isn’t easy in the current harsh economic environment.
Roxgold Inc. is an exploration company exploring for gold in Burkina Faso, Africa, and is fast-tracking its high-grade gold flagship project towards production, and released a remarkable Feasibility Study (FS) on it earlier this year. The grades on the Yaramoko resource are quite exceptional:759,000 oz gold @ 11.83 g/t in the probable category, 810,000 oz gold @ 15.8 g/t in the indicated category (probable included), and 278,000 oz gold @ 10.26/t in the inferred category, after applying a very high 5.0 g/t cut-off grade. Don’t let Burkina Faso, the country this company operates in, trouble you too