Roxgold falls short of guidance, forecasts lower 2020 output

Although TSX-listed Roxgold achieved record quarterly gold production of 41 162 oz in the fourth quarter last year, it was not enough to make it meet its guidance for the year.

The company produced 142 204 oz of gold, falling short of the low end of its guidance of 145 000 oz. This was despite a record plant throughput of 466 157 t in the year, which exceeded nameplate capacity by 16%.