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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 SNgu8000on Oct 15, 2024 9:45pm
85 Views
Post# 36267438

RE:RE:sad

RE:RE:sad

Buy Orezone For Strong Mine Economics, But Stay Cautious Of Geopolitical Uncertainty

Wiebe De Ruyck profile picture
Wiebe De Ruyck
116 Followers
(11min)

Summary

  • Orezone has stable current production, with active expansion plans.
  • Geopolitical risks in Burkina Faso, likely overestimated, create a speculative opportunity.
  • Temporary headwinds have increased AISC. The potential for lower AISC allows for a countercyclical investment opportunity.
  • Potential catalyst in 2024H2 as production and AISC improve by advancing mining to higher-grade areas.
  • I estimate fair value at US$1.33 per share.

 


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