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Business Upturn
2 days ago
- Business
- Business Upturn
Orezone Intercepts Further High-Grade Mineralization at Bomboré Including 11.33 g/t Gold Over 11.00m and 10.28 g/t Gold Over 5.00m
VANCOUVER, British Columbia, June 10, 2025 (GLOBE NEWSWIRE) — Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the 'Company' or 'Orezone') is pleased to provide additional drill results from its ongoing multi-year exploration campaign at its flagship Bomboré Gold Mine. These latest results are from multiple targets identified along the broader 14km long reserve defined Bomboré gold system, which remains open for further expansion. Selected Drill Highlights1: 11.33g/t Au over 11.00m (BBC6960) 10.28g/t Au over 5.00m (BBC7132) 6.79g/t Au over 8.00m and 2.22g/t Au over 14.00m (BBC7141) 7.40g/t Au over 6.70m (BBD1124) 6.61g/t Au over 4.15m (BBD1341) 2.96g/t Au over 10.00m (BBC7158) 1.84g/t Au over 15.70m (BBD1346) 1.53g/t Au over 17.00m (BBC7148) 1.45g/t Au over 14.10m (BBD1344) 1.23g/t Au over 9.65m (BBD1329) Patrick Downey, President and CEO stated, 'These latest drill results further underscore the significant exploration upside at Bomboré and clearly illustrate that the broader system remains open to depth, along strike and outside of the currently delineated mineralized trends. At P17, drilling was successful in tracing higher-grade sub-zone mineralization a further 300m down plunge, while wide spaced step-out drilling at P16 and Siga have extended mineralization a respective 600m and 550m along strike. As we ramp up our exploration efforts at Bomboré, we continue to re-evaluate and update the project's existing exploration framework. The latest results also provide clear evidence that the hanging wall and footwall of the broader 14km long reserve defined system are prospective for additional near-surface discoveries, which was not previously recognized. While Bomboré currently hosts a stated 5 million ounce global resource, which is the basis for the ongoing production expansion to 220,000 to 250,000 ounces per annum, the results of the current exploration program continue to provide support for the Company's long-term targeted resource base of 7 to 10 million ounces.' P17 Trend: Higher-Grade Sub-Zones Drilling at P17 was successful in further illustrating the down plunge continuity of the higher-grade sub-zones, the highlight of which was an intercept of 7.40g/t Au over 6.70m (BBD1124), which marks a 300m down plunge extension from the previously reported 11.52g/t Au over 10.60m (BBD1081, Figure 3). Other notable sub-zone intercepts from this recent round of drilling include 5.22g/t Au over 4.00m (BBD1346), 20.14g/t Au over 2.00m (BBD1341) and 15.61g/t Au over 1.00m (BBD1335). While the Company continues to define the structural setting of the P17 Trend, and further develop a predictive model for future sub-zone targeting, a key takeaway from the recent drilling was a better understanding of the controls of the higher-grade mineralization which comprise these sub-zones. It is now recognized that the higher-grades are associated with a later-stage quartz veining event, within which multiple occurrences of visible gold were observed for the first time (Figure 1). This marks an important development in the Company's understanding of the Bomboré system, which to date has been focused on a low grade, bulk tonnage open pit model. While still early-stage, the Company continues to evaluate the sub-zones along the P17 Trend, and other localized higher-grade areas along the broader 14km system, as future potential sources of higher-grade underground feed, beneath the open pits. Figure 1: P17 Drill Core Photos – highlighting visible gold within higher-grade sub-zone P17 Trend: selected high-grade sub-zone intercepts (previously reported): 14.67g/t Au over 6.0m (BBD1066) 16.58g/t Au over 4.6m (BBD0991) 11.52g/t Au over 10.6m (BBD1081) 9.44g/t Au over 10.0m (TYD0041) 8.47g/t Au over 6.0m (BBD1132) 7.08g/t Au over 7.0m (TYC0123) 7.62g/t Au over 5.5m (TYD0035) Near Surface Strike Extensions In addition to extending the Bomboré mineral system to depth, and defining higher-grade sub-zones within, further delineating near-surface strike extensions to multiple resource areas continues to be another important area of investigation. A highlight of such recent targeting was at P16, where a series of step-out holes successfully identified mineralization an additional 600m to the north (Figure 2), as supported by intercepts of 0.92g/t Au over 14.35m (BBD1348), 0.71g/t Au over 9.00m (BBD1349), 0.68g/t Au over 17.00m (BBD1338) and 1.27g/t Au over 5.00m (BBC7180). These initial step-out results support the interpretation that P16 is a sub-parallel trend to the P17 Trend, which significantly expands the exploration model and potential within this area of the project. Future targeting of the P16 strike extension will be centered on backfill drilling, with the goal of delineating open pittable near-surface mineralization, as well as to further investigate the potential for higher-grade sub-zones, as is observed within the P16 resource area. P16 Trend: selected high-grade sub-zone intercepts (previously reported): 10.63g/t Au over 14.0m (BBD0448) 16.50g/t Au over 5.0m (BBD0448) 9.03g/t Au over 12.0m (BBC3241) 6.69g/t Au over 15.5m (BBD0443) 5.91g/t Au over 15.0m (BBD0447) 7.82g/t Au over 9.0m (BBD0213 ) ) 58.91g/t Au over 3.0m (BBD0768) At Siga, initial testing of the southern strike extension yielded encouraging results, with mineralization intercepted approximately 550m to the south of the current mineral resource. This area of the project has not been previously explored with results of the initial scout drilling returning 5.93g/t Au over 0.85m and 6.35g/t Au over 1.00m (BBD1340). Follow-up drilling will comprise a series of wide spaced backfill fences to further delineate this broad southern extension. Additionally, significant potential remains to extend resources to the north of the existing open pit designs in the North Zone. Localized 50-100m step-outs along the broader North Zone strike extension have demonstrated promising continuity, with initial results of 2.22g/t Au over 14.00m and 6.79g/t Au over 8.00m (BBC7141) and 2.21g/t Au over 7.00m (BBC7201). Further drilling along this northern strike extension, which has seen limited testing to date, is planned for upcoming campaigns. Expanding Exploration Model In addition to testing the extent of known mineralization, the Company continues to challenge the broader exploration model at Bomboré. The previously established exploration framework was centered on gold mineralization being confined to the Bomboré Shear Zone, with limited prospects within the hanging wall and footwall of the broader system. However, more recent targeted drilling, and local surface excavations outside of the mining lease, provide evidence to the contrary. Initial testing within the immediate hanging wall to the Siga Zone has led to the discovery of the HK Zone (Figure 2), which is marked by intercepts of 11.33g/t Au over 11.00m (BBC6960), 10.28g/t Au over 5.00m (BBC7132), 1.35g/t Au over 9.00m (BBC6976), and 1.46g/t Au over 6.00m (BBC7120). With the prospects of identifying additional high-grade centers of mineralization outside of the Bomboré Shear Zone, the Company has recently commenced a near-mine and regional air core drill program, comprising a series of wide spaced drill fences within the mining lease and surrounding exploration tenements. Figure 2 – Bomboré Plan Map Highlighting Selected Intercepts Figure 3 – P17 Composite Long Section Highlighting Selected Intercepts (Looking West) Table 1 – Highlight Drill Intercepts Hole Zone Easting Northing Elv. Dip Azi. EOH (m) From (m) To (m) Length* (m) Grade (g/t Au) Type BBD0206 P17 730599 1344300 267 -50 270 155 125.00 128.00 3.00 1.79 HR BBD1069 P17 S 730270 1343125 261 -51 270 277 225.00 226.00 1.00 9.53 HR and 251.75 260.60 8.85 1.39 HR incl. 257.60 259.60 2.00 3.58 HR BBD1084 P17 S 730355 1343175 261 -52 270 437 314.00 317.95 3.95 2.36 HR BBD1104 P17 S 730365 1343250 261 -52 269 401 355.00 358.00 3.00 2.09 HR incl. 357.00 358.00 1.00 5.17 HR BBD1124 P17 S 730425 1343375 261 -49 272 495 459.00 465.70 6.70 7.40 HR and 480.00 485.00 5.00 2.09 HR BBD1131 North Zone 730395 1343325 261 -51 270 452 395.00 398.00 3.00 1.66 HR and 416.00 419.00 3.00 1.01 HR and 425.00 428.30 3.30 1.82 HR BBD1329 North Zone 729034 1353901 283 -55 312 396 341.35 351.00 9.65 1.23 HR and 356.50 362.50 6.00 1.53 HR BBD1331 North Zone 728993 1353501 276 -52 312 330 42.00 43.00 1.00 8.06 OX BBD1334 P17 S 730483 1343350 261 -53 271 519 278.10 283.10 5.00 1.72 HR and 488.50 498.50 10.00 1.12 HR incl. 494.50 497.50 3.00 2.51 HR BBD1335 P17 S 730257 1343350 261 -50 270 396 47.00 48.00 1.00 15.61 HR BBD1338 P16 729508 1344364 259 -45 263 291 193.00 210.00 17.00 0.68 HR incl. 202.00 206.00 4.00 1.20 HR and 257.00 262.00 5.00 2.43 HR and 268.00 271.20 3.20 1.10 HR BBD1339 P16 729597 1344551 260 -50 270 336 334.00 336.00 2.00 2.95 HR BBD1340 P16 729000 1343900 260 -50 270 201 89.15 90.00 0.85 5.93 HR and 191.00 192.00 1.00 6.35 HR BBD1341 P17 S 730336 1342750 261 -50 270 156 123.75 127.90 4.15 6.61 HR incl. 125.90 127.90 2.00 20.14 HR BBD1343 P17 S 730392 1343125 261 -55 270 360 309.00 313.00 4.00 1.03 HR BBD1344 P17 S 730371 1343501 261 -50 270 528 323.00 337.10 14.10 1.45 HR incl. 323.00 332.70 9.70 1.87 HR and 428.00 431.00 3.00 1.79 HR BBD1345 P17 S 730340 1342800 261 -50 270 165 136.20 139.80 3.60 1.68 HR and 146.00 148.55 2.55 5.02 HR BBD1346 P17 S 730618 1344250 266 -50 270 225 137.25 141.00 3.75 1.17 HR and 178.00 193.70 15.70 1.84 HR incl. 186.70 190.70 4.00 5.22 HR BBD1348 P16 729566 1344413 259 -50 270 303 168.00 173.15 5.15 1.54 HR and 214.00 228.35 14.35 0.92 HR incl. 222.00 228.35 6.35 1.03 HR and 260.00 266.00 6.00 0.81 HR BBD1349 P16 729517 1344443 259 -50 270 312 241.00 250.00 9.00 0.71 HR and 255.00 270.00 15.00 0.57 HR BBC6946 HK 728515 1348358 277 -50 270 60 13.00 17.00 4.00 2.53 OX BBC6958 HK 728560 1348357 276 -50 270 75 70.00 75.00 5.00 1.19 OX BBC6960 HK 728536 1348408 274 -50 280 114 48.00 59.00 11.00 11.33 OX incl. 48.00 51.00 3.00 40.12 OX BBC6962 HK 728829 1348272 278 -50 250 129 56.00 62.00 6.00 0.68 OX BBC6963 HK 728844 1348280 277 -50 279 131 74.00 78.00 4.00 0.80 OX BBC6975 HK 728537 1348357 276 -50 270 96 84.00 93.00 9.00 0.65 HR BBC6976 HK 728564 1348402 275 -50 280 113 74.00 83.00 9.00 1.35 OX BBC7120 HK 728557 1348302 276 -50 270 100 69.00 75.00 6.00 1.46 HR BBC7122 HK 728563 1348386 275 -50 270 120 78.00 87.00 9.00 0.78 HR BBC7129 HK 728603 1348435 274 -50 270 120 110.00 117.00 7.00 0.79 HR BBC7132 HK 728524 1348333 278 -50 270 130 26.00 30.00 4.00 0.72 OX and 82.00 87.00 5.00 10.28 HR BBC7135 HK 728391 1348375 283 -50 270 60 32.00 36.00 4.00 1.31 OX BBC7136 HK 728493 1348224 286 -50 270 100 27.00 36.00 9.00 0.65 OX and 46.00 50.00 4.00 0.76 OX and 60.00 63.00 3.00 2.26 OX BBC7140 North Zone 729983 1354256 285 -50 312 126 8.00 11.00 3.00 0.67 OX and 16.00 25.00 9.00 0.53 OX incl. 21.00 24.00 3.00 1.09 OX BBC7141 North Zone 730390 1354301 278 -45 312 100 27.00 41.00 14.00 2.22 OX incl. 27.00 30.00 3.00 8.44 OX and 66.00 74.00 8.00 6.79 HR incl. 67.00 70.00 3.00 14.82 HR BBC7142 North Zone 730082 1354338 282 -50 312 152 109.00 114.00 5.00 1.51 HR BBC7147 P11 727951 1349499 291 -50 270 150 70.00 75.00 5.00 0.85 HR BBC7148 P11 727932 1349408 292 -50 270 120 32.00 49.00 17.00 1.53 OX incl. 39.00 41.00 2.00 7.62 OX and 77.00 83.00 6.00 3.15 HR incl. 77.00 80.00 3.00 5.32 HR BBC7149 P11 727950 1349449 291 -50 270 150 90.00 97.00 7.00 1.62 HR BBC7150 P11 727983 1349253 285 -50 270 125 87.00 93.00 6.00 0.92 HR BBC7152 P11 728107 1349249 281 -50 270 120 74.00 77.00 3.00 1.64 HR BBC7153 P11 728106 1349299 279 -50 270 118 49.00 53.00 4.00 1.01 OX BBC7154 P11 728013 1349400 282 -50 270 150 98.00 100.00 2.00 1.47 HR and 116.00 119.00 3.00 1.84 HR BBC7157 Siga W 727966 1347455 276 -50 250 140 11.00 16.00 5.00 0.77 OX and 90.00 101.00 11.00 0.96 HR BBC7158 Siga E 728340 1347910 283 -50 250 120 67.00 77.00 10.00 2.96 HR incl. 69.00 71.00 2.00 11.72 HR BBC7161 Siga E 728615 1347638 277 -50 250 120 62.00 63.00 1.00 5.99 HR BBC7162 Siga E 728669 1347497 274 -50 250 150 73.00 78.00 5.00 1.05 HR BBC7163 Siga E 728624 1347428 273 -50 250 80 18.00 26.00 8.00 1.00 OX and 30.00 33.00 3.00 1.35 OX BBC7164 Siga E 728681 1347449 271 -50 250 114 42.00 47.00 5.00 1.23 OX BBC7165 Siga E 728647 1347090 280 -50 250 126 96.00 99.00 3.00 5.26 HR incl. 96.00 97.00 1.00 14.67 HR BBC7166 Siga S 728213 1345896 266 -50 250 84 6.00 9.00 3.00 1.13 OX BBC7180 P16 729608 1345000 261 -50 270 72 47.00 49.00 2.00 6.52 HR and 54.00 59.00 5.00 1.27 HR BBC7185 P8P9 728636 1352003 267 -50 312 123 2.00 8.00 6.00 0.63 OX BBC7186 P8P9 728571 1351926 269 -50 312 138 2.00 9.00 7.00 0.86 OX and 64.00 71.00 7.00 0.82 OX incl. 64.00 68.00 4.00 1.12 OX BBC7187 P8P9 728527 1351968 268 -50 312 136 133.00 136.00 3.00 1.62 HR BBC7191 North Zone 729740 1354677 284 -49 310 69 5.00 15.00 10.00 1.12 OX incl. 9.00 14.00 5.00 1.74 OX and 30.00 35.00 5.00 0.59 OX BBC7193 North Zone 729758 1354661 282 -51 310 114 25.00 34.00 9.00 0.47 OX and 44.00 48.00 4.00 3.14 OX and 53.00 67.00 14.00 0.88 OX BBC7195 North Zone 729774 1354680 282 -51 310 113 47.00 49.00 2.00 2.58 OX BBC7200 North Zone 730379 1354345 286 -50 310 80 12.00 20.00 8.00 0.62 OX and 61.00 67.00 6.00 1.50 HR BBC7201 North Zone 730417 1354345 279 -49 310 83 0.00 7.00 7.00 2.21 OX and 12.00 20.00 8.00 0.62 OX and 61.00 67.00 6.00 1.50 HR * True widths for all zones are reported as a percentage of drilled lengths: North Zone 85%, P8/P9 70-85%, Siga 90%, P11 75-85%, P17S 70% and 90-100%, P17N 70% and HK 75-80%. About Orezone Gold Corporation Orezone Gold Corporation (TSX: ORE OTCQX: ORZCF) is a West African gold producer engaged in mining, developing, and exploring its 90%-owned flagship Bomboré Gold Mine in Burkina Faso. The Bomboré mine achieved commercial production on its oxide operations on December 1, 2022, and is now 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. Orezone is led by an experienced team focused on social responsibility and sustainability with a proven track record in project construction and operations, financings, capital markets, and M&A. The technical report entitled Bomboré Phase II Expansion, Definitive Feasibility Study is available on SEDAR+ and the Company's website. Contact Information Patrick Downey President and Chief Executive Officer Kevin MacKenzie Vice President, Corporate Development and Investor Relations Tel: 1 778 945 8977 [email protected] / For further information please contact Orezone at +1 (778) 945 8977 or visit the Company's website at The Toronto Stock Exchange neither approves nor disapproves the information contained in this news release. Qualified person Alastair Gallaugher (CGeol), Exploration Manager for Orezone, is the Qualified Person under NI 43-101 and has reviewed and approved the scientific and technical information contained in this news release. QA/QC The mineralized intervals are based on a lower cut-off grade of 0.28g/t in the Oxide+Upper Transition zone, and 0.45g/t Au in the Lower Transition+Hard Rock zone. The half-core drilling samples were cut using a diamond saw by Orezone employees. The samples were prepared by BIGS Global Burkina s.a.r.l. ('BIGS Global') and then split by Orezone to 1 kg using Rotary Sample Dividers ('RSDs'). A 1kg aliquot was analyzed for leachable gold at BIGS Global in Ouagadougou, by bottle-roll cyanidation using a LeachWellTM catalyst. The leach residues from all samples with a leach grade greater than or equal to 0.25g/t Au were prepared by BIGS Global and then split by Orezone to 50g using RSDs. A 50g aliquot was analyzed by fire assay at BIGS Global. Orezone employs a rigorous Quality Control Program including a minimum of 10% standards, blanks and duplicates. The composite width and grade include the final leach residue assay results for most of the drill intercepts reported. Cautionary Note Regarding Forward-Looking Statements This press release contains certain information that constitutes 'forward-looking information' within the meaning of applicable Canadian Securities laws and 'forward-looking statements' within the meaning of applicable U.S. securities laws (together, 'forward-looking statements'). Forward-looking statements are frequently characterized by words such as 'plan', 'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate', 'potential', 'possible' and other similar words, or statements that certain events or conditions 'may', 'will', 'could', or 'should' occur. Forward-looking statements in this press release include, but are not limited to statements with respect to the exploration program and the significant exploration upside at Bomboré including that the broader system remains open to depth, along strike and outside of the currently delineated mineralized trends; the potential to materially expand the project's resource base from the current global 5 million gold ounces, to a targeted 7 to 10 million gold ounces longer term and the ongoing production expansion to 220,000 to 250,000 ounces per annum; evidence that the hanging wall and footwall of the broader 14km long reserve defined system are prospective for additional near-surface discoveries; the initial step-out results support the interpretation that P16 is a sub-parallel trend to the P17 Trend, which significantly expands the exploration model and potential within this region of the project; and significant potential remains to extend resources to the north of the existing open pit designs in the North Zone. All forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements including, but not limited to, terrorist or other violent attacks, the failure of parties to contracts to honour contractual commitments, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure, the possibility of project cost overruns or unanticipated costs and expenses, accidents and equipment breakdowns, political risk, unanticipated changes in key management personnel, the spread of diseases, epidemics and pandemics diseases, market or business conditions, the failure of exploration programs, including drilling programs, to deliver anticipated results and the failure of ongoing and uncertainties relating to the availability and costs of financing needed in the future, and other factors described in the Company's most recent annual information form and management's discussion and analysis filed on SEDAR+ on . Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on the applicable assumptions and factors management considers reasonable as of the date hereof, based on the information available to management at such time. These assumptions and factors include, but are not limited to, assumptions and factors related to the Company's ability to carry on current and future operations, including: development and exploration activities; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company's ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the price and market for outputs, including gold; foreign exchange rates; taxation levels; the timely receipt of necessary approvals or permits; the ability to meet current and future obligations; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions; and other assumptions and factors generally associated with the mining industry. Although the forward-looking statements contained in this press release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this press release. Photos accompanying this announcement are available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Hamilton Spectator
09-05-2025
- Business
- Hamilton Spectator
Orezone Gold Reports Fatality at Stage I Hard Rock Plant Construction Site
VANCOUVER, British Columbia, May 09, 2025 (GLOBE NEWSWIRE) — Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) ('Orezone') regrets to report a fatality at the Stage I hard rock plant construction site at its Bomboré Gold Mine which occurred on Thursday May 8th. This tragic incident involved an employee of a contractor who was fatally injured in a vehicle-related incident. No other persons were injured in the accident. Orezone is working with the relevant authorities and contracting companies involved to fully investigate the incident. Patrick Downey, President & CEO stated, 'As a Company that prioritizes safety and the health of our employees above all else, we are completely devastated by this casualty. Our thoughts and deepest sympathies are with the family, friends and co-workers of our colleague as we offer our full support during this difficult time.' About Orezone Gold Corporation Orezone Gold Corporation (TSX: ORE OTCQX: ORZCF) is a West African gold producer engaged in mining, developing, and exploring its flagship Bomboré Gold Mine in Burkina Faso. The Bomboré mine achieved commercial production on its oxide operations on December 1, 2022, and is now 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. Orezone is led by an experienced team focused on social responsibility and sustainability with a proven track record in project construction and operations, financings, capital markets and M&A. The technical report entitled Bomboré Phase II Expansion, Definitive Feasibility Study is available on SEDAR+ and the Company's website. Patrick Downey President and Chief Executive Officer Kevin MacKenzie Vice President, Corporate Development and Investor Relations Tel: 1 778 945 8977 / Toll Free: 1 888 673 0663 info@ / For further information please contact Orezone at +1 (778) 945 8977 or visit the Company's website at . The Toronto Stock Exchange neither approves nor disapproves the information contained in this news release.
Hamilton Spectator
07-05-2025
- Business
- Hamilton Spectator
Orezone Provides Notice of Q1-2025 Results and Conference Call
VANCOUVER, British Columbia, May 07, 2025 (GLOBE NEWSWIRE) — Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) ('Orezone') will announce its 2025 first quarter results on May 14, 2025, before market open, followed by a conference call and audio webcast at 8:00 am PT (11:00 am ET) the same day. Webcast Date: Wednesday, May 14, 2025 Time: 8:00 am Pacific time (11:00 am Eastern time) Please register for the webcast here: Orezone Q1-2025 Conference Call and Webcast Conference Call Toll-free in U.S. and Canada: 1-800-715-9871 International callers: +646-307-1963 Event ID: 3969133 About Orezone Gold Corporation Orezone Gold Corporation (TSX: ORE OTCQX: ORZCF) is a West African gold producer engaged in mining, developing, and exploring its flagship Bomboré Gold Mine in Burkina Faso. The Bomboré mine achieved commercial production on its oxide operations on December 1, 2022, and is now 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. Orezone is led by an experienced team focused on social responsibility and sustainability with a proven track record in project construction and operations, financings, capital markets and M&A. The technical report entitled Bomboré Phase II Expansion, Definitive Feasibility Study is available on SEDAR+ and the Company's website. Patrick Downey President and Chief Executive Officer Kevin MacKenzie Vice President, Corporate Development and Investor Relations Tel: 1 778 945 8977 / Toll Free: 1 888 673 0663 info@ / For further information please contact Orezone at +1 (778) 945 8977 or visit the Company's website at . The Toronto Stock Exchange neither approves nor disapproves the information contained in this news release.
Yahoo
07-05-2025
- Business
- Yahoo
Orezone Provides Notice of Q1-2025 Results and Conference Call
Orezone Gold Corporation VANCOUVER, British Columbia, May 07, 2025 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) ('Orezone') will announce its 2025 first quarter results on May 14, 2025, before market open, followed by a conference call and audio webcast at 8:00 am PT (11:00 am ET) the same day. Webcast Date: Wednesday, May 14, 2025 Time: 8:00 am Pacific time (11:00 am Eastern time) Please register for the webcast here: Orezone Q1-2025 Conference Call and Webcast Conference Call Toll-free in U.S. and Canada: 1-800-715-9871 International callers: +646-307-1963 Event ID: 3969133 About Orezone Gold Corporation Orezone Gold Corporation (TSX: ORE OTCQX: ORZCF) is a West African gold producer engaged in mining, developing, and exploring its flagship Bomboré Gold Mine in Burkina Faso. The Bomboré mine achieved commercial production on its oxide operations on December 1, 2022, and is now 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. Orezone is led by an experienced team focused on social responsibility and sustainability with a proven track record in project construction and operations, financings, capital markets and M&A. The technical report entitled Bomboré Phase II Expansion, Definitive Feasibility Study is available on SEDAR+ and the Company's website. Patrick Downey President and Chief Executive Officer Kevin MacKenzie Vice President, Corporate Development and Investor Relations Tel: 1 778 945 8977 / Toll Free: 1 888 673 0663 info@ / For further information please contact Orezone at +1 (778) 945 8977 or visit the Company's website at The Toronto Stock Exchange neither approves nor disapproves the information contained in this news release.
Yahoo
02-05-2025
- Business
- Yahoo
Orezone Gold Stock Down 11% But Insiders Still In US$297k Profit
Insiders who bought Orezone Gold Corporation (TSE:ORE) in the last 12 months may probably not pay attention to the stock's recent 11% drop. Even after accounting for the recent loss, the US$455.5k worth of stock purchased by them is now worth US$752.5k or in other words, their investment continues to give good returns. Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Notably, that recent sale by Peter Tam is the biggest insider sale of Orezone Gold shares that we've seen in the last year. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of CA$1.08. So it is hard to draw any strong conclusion from it. Happily, we note that in the last year insiders paid CA$456k for 696.80k shares. On the other hand they divested 341.00k shares, for CA$387k. In total, Orezone Gold insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction! Check out our latest analysis for Orezone Gold There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying. The last quarter saw substantial insider selling of Orezone Gold shares. Specifically, Executive VP & CFO Peter Tam ditched CA$360k worth of shares in that time, and we didn't record any purchases whatsoever. This may suggest that some insiders think that the shares are not cheap. Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Orezone Gold insiders own about CA$17m worth of shares. That equates to 3.0% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. An insider sold Orezone Gold shares recently, but they didn't buy any. In contrast, they appear keener if you look at the last twelve months. We like that insiders own a fair amount of the company. So we're happy enough to look past some selling. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. When we did our research, we found 2 warning signs for Orezone Gold (1 is concerning!) that we believe deserve your full attention. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
