Rick Rule on BNN Market Call (November 12, 2015) Rick Rule, chairman of Sprott Global, made an appearance on BNN Market Call last night discussing precious metals stocks. BNN host Catherine Murray sat in for regular host Mark Bunting. Rule said that weak global demand is the cause of the price slide in many commodities. For investors with… Continue Reading
Michael Scherb founder and general partner of Appian Capital Advisory talks to MINING.com about the particular nature of private equity in mining, how the industry if bifurcating and becoming more sophisticated and why now is the ideal time to be active in the industry. The benchmarks for private equity in mining is probably overly onerous… Continue Reading
Mr. Dorward has over 17 years of experience in the mining and finance industries and most recently served as Vice-President, Business Development at Fronteer Gold Inc. He was an integral part of the team that sold the large Michelin uranium deposit, acquired AuEX Ventures Inc., and successfully advanced Fronteer Gold’s properties prior to the Company’s… Continue Reading
Shares in Roxgold (ROG.TSX) are up 20% already this year and 35% from their tax-loss influenced low of CAD $0.48 per share in mid-December. This morning, I spoke with John Dorward, President and CEO of Roxgold who was in Burkina Faso last week meeting with the newly appointed Minister of Mines and getting his new General… Continue Reading
Yesterday we called one of our favourite gold stories, Roxgold (ROG:TSXV) to get an update from management not only on their two recent announcements (1. receiving their mining permit and 2. closing a $30 million bought deal financing), but also on how the political unrest in Burkina Faso is playing out. Roxgold President and CEO… Continue Reading
For those that haven’t had access to the internet or TV today, the West African country of Burkina Faso’s government has collapsed and is essentially in complete disarray. After a day of violent protests, the military seized power and effectively dissolved the country’s parliament. This is a surprise, coming out of one of the more… Continue Reading
Roxgold (ROG:TSXV) which is developing the ultra high-grade Yaramoko gold deposit in Burkina Faso has been approved by their banking syndicate for the previously announced $75 million debt package. The loan has a term of 6 years and an interest rate of between LIBOR +4.25% and +4.75%. The mandated banks, which included Societe Generale and Credit Suisse,… Continue Reading
This morning, Roxgold (ROG:TSXV), the gold company developing one of the highest margin deposits in the world, announced the discovery of a new high-grade vein at their Bagassi South satellite zone on their Yaramoko project. Bagassi South is located roughly 1.8km away from the 55 Zone which hosts their mining resource. Highlights from the QV1 and… Continue Reading
I woke up to some good news this morning. As a shareholder of Roxgold (ROG:TSXV) I was pleased to see the news that the company had been granted their Environment and Social Impact Assessment (ESIA) from the Government of Burkina Faso just four months after first applying for it. “Where else can you do that?”… Continue Reading
Today, BNN Anchor Andrew Bell was joined by Roxgold’s President and CEO John Dorward (click image above to watch the interview) to discuss the Yaramoko project and some of the reasons his company’s shares are up nearly 100% year-to-date. We highlighted those reasons in an interview we did with Mr. Dorward a few weeks ago (Read: This Gold Developer Punches Above Its… Continue Reading
Few gold developers in the world today have an opportunity like Roxgold Inc (ROG:TSXV). The company is developing the high-grade Yaramoko gold project in Burkina Faso that has an after-tax IRR of nearly 50% (in a sector where you are lucky to achieve double-digit returns). The economics are unique for three reasons. First, the grade, which sits… Continue Reading
This morning, African gold developer Roxgold (ROG:TSXV) announced they have mandated Credit Suisse and Societe Generale to find them $75 million in a senior project debt facility by year end. The money will be used to bring the high-grade Yaramoko project in Burkina Faso into production by early 2016. The project is expected to cost around… Continue Reading
A few weeks ago we interviewed Michael Scherb, the young founder of London-based mining private equity fund Appian Capital Advisory LLP. In that interview Mr. Scherb told us, he saw tremendous value in the mining sector and aimed to allocate $150 million in select public and private companies this year. Well, Mr. Scherb continues to deliver on his promises. On… Continue Reading
Roxgold (ROG:TSX) which is developing the highest grade undeveloped gold deposit in the world, released their final feasibility study for the Yaramoko project in Burkina Faso. The feasibility study was in line with the company’s September 2013 preliminary economic assessment. The company is on track to complete the final stages of permitting in Q3/2014 with underground… Continue Reading
ROG data by YCharts After closing their recently announced ~$29 million bought deal financing, filings show that the London-based private equity firm, Appian Capital, has acquired 21.6 million shares (10.1%) in Roxgold (ROG:TSXV). The shares were acquired as part of a BMO Capital Markets led $29 million bought deal financing priced at $0.58 per share. Haywood… Continue Reading
