Orezone Gold Corp T.ORE

Orezone Gold: Management Has Elected To Build A West African

[AwareInvestor]

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/

[JAYDEE16]

140 million free cash flow in first year...honestly I don't even care that the market is not paying any attention to us and cannacord is playing games with the SP.. I can hang in another year and wait till we start getting a dividend. They could pay out 50cents a share and still have cash in the bank.