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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

Comment by mrsly0on Nov 25, 2023 6:10pm
151 Views
Post# 35753057

RE:Next Quarter

RE:Next Quarter
make sure to maanage your expectations accordingly. Analysts were satisfied with the Q3 results, which aligned with projections despite being the toughest quarter of the year due to rainfall and other factors. Regarding Q4, the "current quarter", we've seen gold prices rise. The anticipated savings of 10% to 15% in ASIC costs due to the power line connections will likely be reflected in the Q1 2024 results. Analysts are currently focusing on the 'connection' established in Q4, rather than the immediate financial savings.
 
The Phase II report is very interesting with the profit level and amount of gold procuded, without mentionning the added gold being found that should tranlate into reserves one day. Did you notice the section where the consultant mentioned that the increase in gold royalties has not yet been legislated?

good luck
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