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BRIEF-Roxgold Says Operations Continue To Generate Substantial Cash Flows

Published 2020-05-12, 05:16 p/m
© Reuters.
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May 12 (Reuters) - Roxgold Inc ROXG.TO :

* ROXGOLD REPORTS FIRST QUARTER 2020 RESULTS; OPERATIONS CONTINUE TO GENERATE SUBSTANTIAL CASH FLOWS

* ROXGOLD INC- QTRLY PRODUCTION OF 32,380 OUNCES COMPARED TO 33,652 OUNCES IN Q1 2019

* ROXGOLD INC- QTRLY SOLD 30,126 OUNCES OF GOLD FOR A TOTAL OF $48.0 MILLION IN GOLD SALES

* ROXGOLD INC - SEES 2020 GOLD PRODUCTION BETWEEN 120,000 AND 130,000 OUNCES

* ROXGOLD INC - SEES 2020 ALL-IN SUSTAINING COST BETWEEN $930 AND $990/OUNCE

* ROXGOLD - ALTHOUGH COVID-19 DID NOT IMPACT CO'S OPERATIONS DURING Q1 , PROLONGED INTERRUPTION MAY HAVE IMPACT ON PRODUCTION & COST GUIDANCE IN 2020

* ROXGOLD INC - FINISHED QUARTER WITH APPROXIMATELY $50 MILLION OF CASH AND GOLD DORÉ ON HAND

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