20:31:46 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Orezone Gold Corp
Symbol ORE
Shares Issued 359,731,441
Close 2023-06-15 C$ 1.29
Market Cap C$ 464,053,559
Recent Sedar Documents

Globe says new coverage rates Orezone Gold "strong buy"

2023-06-16 07:50 ET - In the News

The Globe and Mail reports in its Friday edition that iA Capital analyst Ronald Stewart rates Orezone Gold "strong buy" in new coverage. The Globe's David Leeder writes that Mr. Stewart set a share target of $4. Analysts on average target the shares at $2.48. Mr. Stewart expects the expansion of Orezone Gold's Bombore gold mine in Burkina Faso to be "a game changer." Mr. Stewart says in a note: "Orezone successfully built and commissioned the 90-per-cent-owned Bombore gold mine in Burkina Faso on time and under budget during the COVID pandemic. The mine produced 41.3K oz gold at all-in-sustaining costs (AISC) of $926/oz in its first full quarter of production. It's been an impressive start to be sure, but what has us even more excited is the planned expansion study that will include a new resource, reserve, and life-of-mine (LOM) plan. We expect to see material upgrades in both the contained gold ounces in the reserves and LOM forecast production. In Canadian parlance, it is known as a double double and should attract gold investors looking for sweet and savoury return. ... We expect that both investors and producers will be compelled to consider Orezone as an emerging intermediate West African gold producer."

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