- Roxgold released its preliminary Q1 results earlier this month, reporting gold production of ~35,300 ounces.
- This solid quarter has placed the company well ahead of its ~125,000-ounce guidance midpoint, and on track to generate up to ~$235 million in gold sales in FY2021.
- Outside of operations, the company's Seguela Project continues to grow, with a third high-grade discovery deposit uncovered, on what was previously thought to be a low- to mid-grade project.
- Given Roxgold's enviable organic growth profile with arguably the most exciting African discovery in years at Seguela, I continue to see the stock as a Hold, even after the recent advance.
For further details see:
Roxgold: An Outstanding Start To FY2021