Canadian company Roxgold is considering expanding Burkina Faso’s “Bagassi South” gold project, officials told APA.A delegation led by the chairman and Chief Executive Officer, John Dorward, and the group’s finance director Natacha Garoute is presently in Burkina Faso to present the “Bagassi South” Expansion Project to the authorities.
This expanded project, which follows the inauguration of the Yaramoko mine in July 2016, envisages increasing production.
The mine is expected to yield about 100 billion CFA in revenue to the Burkinabe government, with an average production of 100,000 ounces of gold per year over a decade.
Roxgold has already invested nearly $180 million.
With its two subsidiaries, Roxgold already holds five research permits in Burkina Faso.