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Orezone Gold Corp T.ORE

Alternate Symbol(s):  ORZCF

Metals & Mining Gold
Orezone Gold Corporation is a Canada-based West African gold producer engaged in mining, developing, and exploring its flagship Bombore Gold Mine (90%-owned) in Burkina Faso. The Bombore mine is an open pit gold. The Bombore mine is focused on its staged hard rock expansion that is expected to materially increase annual and life-of-mine gold production from the processing of hard rock mineral reserves. Bombore is situated 85 kilometers (kms) east of the capital city of Ouagadougou and is readily accessed by paved international highway thereby offering excellent infrastructure and simple logistics.


TSX:ORE - Post by User

Orezone Gold Corp > Orezone Gold: Management Has Elected To Build A West African
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Post by AwareInvestoron Mar 09, 2021 7:11am
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Post# 32750305

Orezone Gold: Management Has Elected To Build A West African

Orezone Gold: Management Has Elected To Build A West African
Over the first two months of 2021, Orezone Gold Corporation, a single-asset gold miner, put together a giant financing package, pegged at US$189 million, that fully funds the construction of its Bombor gold mine in the West African country of Burkina Faso. Orezone has a 90% stake in the mine and the Burkina Faso government owns the remaining 10% via carried interest.
 
In an “all eggs in one basket” move, the company sold US$58 million of equity, US$35 million of convertible notes and US$96 million of senior debt, which will ideally allow the mine to enter commercial service in 3Q 2022, without Orezone having to raise any additional capital. Construction activities have already begun.

https://thedeepdive.ca/orezone-gold-management-has-elected-to-build-a-west-african-gold-project-without-a-net/
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