Orezone Gold Corporation Begins Trading on ASX
Orezone Gold Corporation (TSX/ASX: ORE, OTCQX: ORZCF) is delighted to share that it will commence trading on the Australian Securities Exchange (ASX) under the ticker "ORE" on August 8. This significant step is anticipated to strengthen Orezone's position within the vibrant Australian mining sector.
Impact of the ASX Listing
Patrick Downey, the President and CEO, expressed his enthusiasm, noting that this listing not only broadens Orezone's investor base but also enhances the company's visibility in the capital markets. The move highlights the growing appeal of Orezone within Australia, tapping into new resources and liquidity.
Funding Project Expansions
The funds raised from the recent initial public offering (IPO) will enable Orezone to expedite the stage 2 hard rock expansion at the Bomboré project. This expansion aims to significantly boost the production capacity to between 220,000 and 250,000 ounces annually. Coupled with strong exploration initiatives, Orezone aims to increase its current resource base from 5 million to an ambitious 7 to 10 million ounces.
Overview of Orezone's Operations
Orezone Gold Corporation is primarily focused on the development and exploration of its flagship Bomboré Gold Mine, situated in West Africa. The mine has demonstrated strong commercial production capabilities since its oxide operations commenced in late 2022. The current construction of stage 1 hard rock expansion is projected to see first gold shipments by late 2025, with combined output expectations of 170,000 to 185,000 ounces for 2026.
Future Initiatives for Orezone
With final board approval pending, the stage 2 expansion is set to start in the latter half of 2025 and is anticipated to have operational commissioning by late 2026. This strategic growth plan positions Orezone favorably within the competitive gold mining landscape and indicates their commitment to maximizing production efficiency.
Company's Commitment to Transparency
Orezone remains dedicated to maintaining transparency and provides its community with important updates, including the technical report on the Bomboré Phase II Expansion, which can be found on their website and through SEDAR+.
Contact Information for Orezone Gold Corporation
For more information, Patrick Downey serves as the current President and CEO, and Kevin MacKenzie is the Vice President of Corporate Development and Investor Relations. Interested parties can reach Orezone at +1 778 945 8977 for inquiries or feedback.
Frequently Asked Questions
What is the significance of Orezone trading on the ASX?
The commencement of trading on the ASX provides Orezone with broader access to investors and helps enhance its liquidity in the mining sector.
What are the production targets for Orezone at Bomboré?
Orezone aims to increase its annual gold production from the Bomboré project to between 220,000 and 250,000 ounces with its expansion efforts.
When is the expected first gold production from Bomboré?
First gold production from the stage 1 hard rock operations is anticipated in the fourth quarter of 2025.
What is the current estimated resource base for Orezone?
The company's current resource base at Bomboré is estimated at approximately 5 million ounces.
How can I contact Orezone for further inquiries?
You can contact Orezone via phone at +1 778 945 8977 or visit their official website for additional information.
