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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 stokpikeron Dec 08, 2023 1:22pm
216 Views
Post# 35775242

RE:RE:RE:RE:RE:BK

RE:RE:RE:RE:RE:BK
A transalation of the article mrsly0 posted

The Chief Executive Officer (CEO) of the mining company Orezone Bombor S.A., Patrick Downey confirmed the expansion of the mine through the construction of a new factory. The information was given by Minesactu.info on November 25, 2023. This confirmation was made to the Minister of Energy, Mines and Quarries, Simon-Pierre Boussim, during an audience on Monday December 4, 2023 .
Accompanied by his Director General, Oussni Derra, Patrick Downey informed the Minister of the situation of his company, according to a press release published by the communications department of the Ministry of Mines. According to the CEO of Orezone, the mine's activities are in good shape with its team made up of 100% Burkinab people, according to the press release. “We are working hard for an expansion of Orezone Bombor S.A. in order to bring more resources to Burkina Faso,” he announced.
The Orezone Bombor S.A. mining company is located in the commune of Mogtdo, Ganzourgou province, Central Plateau region. It belongs to the Canadian company Orezone Gold.
On November 24, 2023, Orezone Gold Corporation announced that it had filed with the national authorities of Burkina Faso, the technical report of the expansion study for phase II of its Bombor mine, in Burkina Faso. The technical report was prepared for Orezone by staff at Lycopodium Mineral Canada Ltd. other qualified industry consultants.
The Company's Phase II expansion project involves constructing a 4.4 million tonne per annum ore plant operating alongside the existing first plant to significantly increase annual gold production to a low investment cost. The construction of the new factory will allow Bombor to produce on average 209,000 ounces of gold per year at a cost of $1,121 per ounce for more than 8 years. The first gold production from Phase II of the expansion is planned for the third quarter.
Elie KABORE
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