"We look forward to providing regular hard rock construction milestone updates throughout the year, as well as drill results from our ongoing multi-year exploration campaign at Bomboré which targets a long-term global resource base of 7-10 million gold ounces.”
In Production – The Bomboré oxide plant was built on time and under budget in 2022 and successfully achieved production guidance in its first two years of mining
Brownfields Expansion – Orezone is constructing a parallel hard rock plant that will increase production at Bomboré by 50% in 2026
Exploration Potential – Bomboré hosts a current stated mineral reserve of 2.4Moz Au with an average life of mine pit depth of 38m. Recent drilling has been successful in extending mineralization 100-250m below reserves
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BUILD | OPERATE | EXPAND
Orezone is led by an experienced management team, Board of Directors and Advisory Committee comprised of professional geologists, engineers and financers who have significant hands-on experience at every stage of gold exploration, development and production. They have been involved in the exploration, discovery, development and operation of more than 20 gold mines including many in West Africa. They are passionate about what they do, and are persistent, aggressive and extremely efficient in their approach.
Orezone Reports Q2-2025 Production and Hard Rock Expansion Update
July 8, 2025 – Vancouver, BC - Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the "Company" or "Orezone") is pleased to announce its Q2-2025 gold production results and stage 1 hard rock expansion construction update at its Bomboré Gold Mine. All dollar amounts are in USD unless otherwise indicated and abbreviation "M" means million.
Q2-2025 Production Results
- Gold production of 27,548 ounces
- Gold sales of 28,265 ounces at a realized price of $3,338 per ounce for revenue of $94.3M
- Cash balance of $72.6M with available liquidity (cash and undrawn debt) of $103.9M at June 30, 2025. Senior debt at June 30, 2025 of $65.3M after principal repayments of $5.2M and foreign exchange movements in the quarter
Stage 1 Hard Rock Construction Update
- Construction of the stage 1 hard rock expansion remains on schedule and on budget with mill commissioning and first gold pour slated for Q4-2025
- Engineering and procurement now complete
- Dump pocket and jaw crusher foundation significantly advanced
- SAG mill foundation complete, with SAG mill installation commenced
- CIL tank installation complete, with structural steel installation now underway
- Several mining areas for hard rock mining have now been readied in preparation for commencement of hard rock mining later this year
- Construction of explosives magazine, in support of future hard rock blasting, now complete
To Read The Rest Of The Press Release, CLICK HERE
Catalysts in 2025 include drill results from the comprehensive 30,000m drill program and commissioning of the hard rock expansion in Q4-2025, which is forecasted to increase gold production by approximately 50%, to over 170,000 ounces per year
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