Orezone Gold (TSE:ORE) has released an update.
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Orezone Gold Corporation has successfully secured a Phase II Term Loan of approximately $58 million from Coris Bank International to fund the expansion of its Bomboré Mine. The expansion is set to boost annual gold production to over 170,000 ounces by late 2025. Additionally, Orezone has amended the terms of its convertible debentures to facilitate this new financial arrangement.
For further insights into TSE:ORE stock, check out TipRanks’ Stock Analysis page.
