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Orezone Gold Corp T.ORE

Alternate Symbol(s):  ORZCF

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

Post by cordillonon Sep 15, 2022 4:35pm
253 Views
Post# 34965415

Eventual Buyout

Eventual BuyoutIn March of 2020 Endeavor Mining bought Semafo Gold for one billion Cdn. when gold was $1600us, making them one of the biggest gold miners in West Africa. Semafo's mine is located in Burkina Faso. Endeavour also has the Hounde mine located in Burkina Faso. In a year or two Orezone will be producing approximately the same amount of gold as Semafo, if not more. Orezone would be a good fit with Endeavour, which it could probably immediately purchase for under $2.50Cdn or for $3.00+ in a year or two (depending on the price of gold)
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