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Orezone's 2023 Sustainability Report: Commitment to the Future

Orezone's 2023 Sustainability Report: Commitment to the Future

Orezone Gold Corporation's Commitment to Sustainability

Orezone Gold Corporation is excited to share its 2023 Sustainability Report, highlighting its dedication to sustainable practices across its operations. This comprehensive report outlines the company's commitment to balancing economic growth with environmental stewardship and social responsibility.

Leadership Insight on Sustainability

Patrick Downey, the President and CEO, remarked, "The health and safety of our employees are paramount, reflecting our dedication to sustainability as a core business strategy. Partnering with communities and focusing on sustainability is essential for our long-term success. We invite all our stakeholders to review the Report, available in both English and French."

Highlights from the 2023 Sustainability Report

Safety Performance and Workforce Engagement

Orezone has demonstrated outstanding safety performance, achieving over 4.4 million hours without a lost-time injury. The company prioritizes employee health through continuous training and the availability of safety resources, fostering a secure working environment.

Local Workforce and Economic Contribution

A total of 1,872 contractor personnel and 888 Company employees engaged in various mining, processing, exploration, and capital projects at the Bomboré Mine. Notably, over 98% of this workforce comprises local Burkinabé citizens, with a commitment to increasing female representation.

Supporting Local Economies

The company's sourcing efforts reflect a strong commitment to the local economy, with approximately 71% of the required goods and services procured locally. Furthermore, Orezone's operations contributed over $170 million to the economy through taxes, royalties, and salaries.

Advancements in Energy Sustainability

In a significant move towards sustainability, construction commenced to connect the Bomboré Mine to the national grid, enhancing operational efficiency. This transition reduces reliance on heavy fuel oil, supporting the company’s goal of lowering its carbon footprint and aligning with national energy objectives.

Community and Environmental Initiatives

The company's Resettlement Action Plan (RAP) progressed significantly, adhering to international standards to ensure community engagement. Positive feedback has been received from local communities regarding the quality of resettlement plans and construction.

Investing in Community Livelihoods

Orezone continues to invest in programs aimed at restoring livelihoods within surrounding communities. These initiatives empower local residents, promoting self-sufficiency and improving their long-term well-being.

Contact Information

For inquiries, Patrick Downey serves as the President and Chief Executive Officer, with Vanessa Pickering as the Manager of Investor Relations. You can reach them at 1 778 945 8977 or toll-free at 1 888 673 0663. For additional information, feel free to send an email.

Frequently Asked Questions

What was the main focus of the 2023 Sustainability Report?

The report centers on Orezone's commitment to sustainable practices, employee safety, economic contributions, and community engagement.

How does Orezone contribute to local economies?

The company sources around 71% of its necessities locally, contributing over $170 million to the economy through various channels.

What safety measures has Orezone implemented?

Orezone maintains a commendable safety record with over 4.4 million hours worked without incidents, emphasizing continuous training and resources.

What are the key environmental initiatives taken by Orezone?

Orezone has initiated connections to the national grid to reduce its environmental impact and is actively working on plans to mitigate its carbon footprint.

Is the Sustainability Report available in multiple languages?

Yes, the 2023 Sustainability Report is available in both English and French to reach a wider audience.

About The Author

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The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

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