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Roxgold profit down despite increased revenue

Production rose, but profits fell due to unfavourable financial markets and development costs.

Elliott Holley
Roxgold's profits took a hit from unfavourable financial market changes, but the company remained upbeat about its prospects in Burkina Faso (pictured) and Cote d'Ivoire

Roxgold's profits took a hit from unfavourable financial market changes, but the company remained upbeat about its prospects in Burkina Faso (pictured) and Cote d'Ivoire

Roxgold sold 34,200oz of gold for $50.2 million in the third quarter, earning the company an adjusted net income of $7.7 million. However, the company's net income was $1.9 million, down from $6.6 million...

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