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Orezone Reports 2023 Gold Production and Connection of the Bomboré Mine To the National Grid

Retrieved on:

Thursday, January 18, 2024

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VANCOUVER, British Columbia, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the “Company” or “Orezone”) is pleased to announce 2023 gold production results and connection of the Bomboré Mine to the national grid.

Key Points:

VANCOUVER, British Columbia, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the “Company” or “Orezone”) is pleased to announce 2023 gold production results and connection of the Bomboré Mine to the national grid.
Gold production totalled 33,916oz during the fourth quarter, and 141,425oz for the full year 2023, achieving annual guidance of 140,000 to 155,000oz.
Gold sales during the quarter were 33,782oz at an average realized price of US$1,997/oz, resulting in sales of US$67.5M.
For the full year, gold sales totaled 139,696oz at an average realized price of US$1,940/oz, resulting in sales of US$271.0M.

Orezone Reports Third Quarter 2023 Results

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Tuesday, November 14, 2023

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VANCOUVER, British Columbia, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (“Orezone” or “Company”) reported its operational and financial results for the three and nine months ended September 30, 2023. The consolidated financial statements and Management’s Discussion and Analysis are available at www.orezone.com and on the Company’s profile on SEDAR+ at www.sedarplus.ca. The Company will host a conference call and webcast on November 15, 2023 commencing at 8:00am PST to discuss the Company’s third quarter results. Additional details are provided at the end of this press release.

Key Points:

The presence of transition ore results in slightly lower metallurgical recovery and the generation of additional ball mill scats that must be recirculated through the circuit to achieve the required grind size fraction.
The project to connect Bomboré to Burkina Faso’s national grid is advancing towards completion in December 2023.
The Company announced the results of an independent feasibility study for the Phase II hard rock plant expansion of the Bomboré mine on October 11, 2023.
Please see the Company’s news release dated October 11, 2023 for the full results of the 2023 FS.

Orezone Reports Second Quarter 2023 Results

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Thursday, August 10, 2023

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VANCOUVER, British Columbia, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (“Orezone” or “Company”) reported its operational and financial results for the three and six months ended June 30, 2023. The consolidated financial statements and Management’s Discussion and Analysis are available at www.orezone.com and on the Company’s profile on SEDAR+ at www.sedarplus.ca. The Company will host a conference call and webcast on August 10, 2023 commencing at 8:00am PDT to discuss the Company’s second quarter results. Additional details are provided at the end of this press release.

Key Points:

The drop in gold production is attributable to decreases in head grades of 9%, plant throughput of 3%, and plant recoveries of 2% as compared to the prior quarter.
Lower plant availability in Q2 was the result of routine maintenance for the installation of newly designed mill liners in April 2023 and the replacement of worn shafts in the front-end mineral sizer in late May 2023.
All major planned maintenance is now complete for 2023 with plant throughput expected to trend upwards again towards record levels.
The system is currently in transit from overseas and is scheduled to be placed into operations by the end of October 2023.

Orezone Reports First Quarter 2023 Results

Retrieved on:

Tuesday, May 9, 2023

VANCOUVER, British Columbia, May 09, 2023 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (“Orezone” or “Company”) reported its operational and financial results for the three months ended March 31, 2023. The consolidated financial statements and Management’s Discussion and Analysis are available at www.orezone.com and on the Company’s profile on SEDAR at www.sedar.com. The Company will host a conference call and webcast on May 10, 2023 commencing at 8:00am PDT to discuss the Company’s first quarter results. Additional details are provided at the end of this press release.

Key Points:

Gold production in Q1-2023 was 41,301 oz, an increase of 86% from the 22,258 oz produced in Q4-2022.
Scheduled maintenance was conducted during the quarter with major mill shutdowns for mill re-line and scheduled change-outs of wear parts planned for in later quarters of the year.
Results of drilling undertaken in 2022 are expected to successfully convert Inferred resources of higher grade hard rock material into the Measured and Indicated categories.
Orezone will host a conference call and audio webcast to discuss first quarter 2023 results on Wednesday, May 10, 2023 at 8:00am PDT (11:00am EDT).

Orezone Reports Fourth Quarter and Full Year 2022 Results

Retrieved on:

Thursday, March 23, 2023

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The previous guidance contemplated the commencement of this stage 3 lift in 2024 using waste with a longer-haul profile and additional re-handle.

Key Points:

The previous guidance contemplated the commencement of this stage 3 lift in 2024 using waste with a longer-haul profile and additional re-handle.
Once completed, the stage 3 lift is expected to provide TSF storage capacity to capture tailings from production to mid-2025.
Correspondingly, 2023 guidance for AISC per gold ounce sold has also been revised upwards by $35/ounce to $1,010/ounce - $1,110/ounce.
AISC per gold ounce sold is determined by dividing AISC by the number of gold ounces sold.

Orezone Provides 2023 Production and Costs Guidance

Retrieved on:

Wednesday, January 18, 2023

VANCOUVER, British Columbia, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the “Company” or “Orezone”) is pleased to provide 2023 production and costs guidance for its Bomboré Gold Mine (“Bomboré”) in Burkina Faso. This marks the Company’s first full year as an operating gold producer after declaring commercial production on December 1, 2022.

Key Points:

Plant throughput is forecasted to range between 5.6 to 5.8 million tonnes as milling performance continues to exceed design since commercial production.
AISC in 2023 is impacted by the high cost of on-site power generation from rental gensets running on diesel.
AISC include mine site operating costs (mining, processing, administration, royalties, and selling charges), sustaining capital, sustaining mine site exploration, and corporate general and administration costs.
Depreciation and depletion, accretion and amortization of reclamation costs, growth capital, growth exploration, financing costs, and share-based compensation are excluded from the Company’s AISC definition.