Orezone Gold Advances Despite Q1 Earnings Dip

Orezone Gold Corporation (TSE:ORE) has released an update.

Orezone Gold Corporation showcased steady Q1-2024 performance with its Bomboré mine producing 30,139 ounces of gold, generating $27 million in earnings, and achieving positive free cash flow. Despite a year-over-year decrease in production and net income, the company has made strategic advances by connecting to the national grid and nearing the completion of a key resettlement site. Orezone is also moving forward with a phased expansion plan for the Bomboré mine, with financing discussions in progress.

For further insights into TSE:ORE stock, check out TipRanks’ Stock Analysis page.