Roxgold Produces 33,557 Ounces in Third Quarter Maintaining Guidance - Seite 2

Looking ahead, the pace of progress at Roxgold continues to accelerate, as Séguéla advances towards a construction decision in the first half of 2021, drilling at Boussoura builds confidence in the prospectivity of the project to be Roxgold’s third asset, and underground drilling at Yaramoko works toward expanding the mine life of our flagship asset.

The Séguéla Project saw notable developments last quarter, including the approval of the Environmental and Social Impact Assessment and the discovery of the newest high-grade deposit – Koula. Permitting is progressing well and the Feasibility Study is on track for completion in the first half of 2021, after which we will be in a position to break ground towards pouring first gold from Séguéla in 2022. Following receipt of the approved ESIA, the Company’s board approved a package of early works expenditure including a Front End Engineering and Design study (“FEED”) along with initial site works to enable a rapid ramp up following completion of the Feasibility Study. We currently have four drills turning at Séguéla, with a focus on extension and infill drilling at Koula and the continued scout testing of the extensive portfolio of targets within our land package.”

Table 1 – Q3 2020 Production Metrics

	Q1 2020	Q2 2020	Q3 2020
Ore mined	134,472	112,523	109,767
Ore processed (tonnes)	125,879	127,309	131,029
Ore processed (tpd)	1,383	1,399	1,424
Head grade (g/t)	8.7	8.2	7.7
Recovery (%)	97.9	98.0	98.2
Gold ounces produced	32,380	32,812	33,557
Gold ounces sold