tiprankstipranks
Company Announcements

Orezone Gold Completes C$35 Million Financing to Boost Bomboré Mine Expansion

Story Highlights
Orezone Gold Completes C$35 Million Financing to Boost Bomboré Mine Expansion

The latest update is out from Orezone Gold ( (TSE:ORE) ).

Orezone Gold Corporation has successfully completed a C$35 million bought deal financing, issuing over 42 million common shares at C$0.82 each. The proceeds will be used to accelerate the Stage II hard rock expansion and further exploration at the Bomboré Gold Mine, as well as for general corporate purposes. This financing positions Orezone to enhance its production capabilities and explore additional opportunities, potentially strengthening its market position and delivering value to stakeholders.

More about Orezone Gold

Orezone Gold Corporation is a West African gold producer focused on mining, developing, and exploring its flagship Bomboré Gold Mine in Burkina Faso. The company achieved commercial production on its oxide operations in December 2022 and is now concentrating on expanding its hard rock operations to significantly boost gold production. Orezone is committed to social responsibility and sustainability, led by a team with a strong track record in project construction, operations, and capital markets.

YTD Price Performance: 25.76%

Average Trading Volume: 327,793

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$382.2M

Find detailed analytics on ORE stock on TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App