22:57:33 EDT Tue 14 May 2024
Enter Symbol
or Name
USA
CA



Orezone Gold Corp
Symbol ORE
Shares Issued 364,733,996
Close 2024-01-10 C$ 0.87
Market Cap C$ 317,318,577
Recent Sedar Documents

Orezone Gold adds Harvey to board

2024-01-11 10:13 ET - News Release

Mr. Patrick Downey reports

OREZONE APPOINTS SEAN HARVEY TO THE BOARD OF DIRECTORS

As part of Orezone Gold Corp.'s continuing board renewal process, veteran mining industry professional Sean Harvey has joined the company's board of directors.

Mr. Harvey has held multiple senior executive and board positions over the last 20 years and was most recently the chair of the board of Perseus Mining Ltd. During his 14-year tenure on the board and as chair, he was actively involved in Perseus's growth strategy, which saw the company grow from a single asset producer in Ghana into a highly profitable mid-tier West African mining company. During this period, Perseus's market capitalization grew from approximately $210-million (U.S.) to over $1.5-billion (U.S.).

Michael Halvorson, chair of the board, commented: "It's my pleasure to welcome Sean to Orezone's board of directors. Sean's well-established track record in West Africa and his extensive business and leadership experience will prove invaluable as Orezone continues to expand production at Bombore and establish a platform for growth in the region."

Mr. Harvey commented: "I am very pleased to be joining Orezone's board of directors at such a pivotal point in the company's growth. With a successful first full year of production, the company has established a solid platform and is now entering the next stage of growth with plans to increase gold production at Bombore to over 200,000 ounces per year. Having worked in West Africa for several years, I am excited about the growth prospects for Orezone as the company develops into mid-tier gold producer."

Mr. Harvey is currently chair of Victoria Gold Corp. and has extensive board and management experience including TVX Gold Inc., Orvana Minerals Corp. and Serabi Gold PLC. He has also served as chair of several audit, governance and special committees. Mr. Harvey holds an MBA in finance from the University of Toronto and an LLB from the University of Western Ontario, specializing in tax and corporate law. Prior to his tenure as a mining executive, Mr. Harvey spent 10 years in investment and merchant banking, primarily focused on the mining sector.

About Orezone Gold Corp.

Orezone Gold is a Canadian mining company operating the open pit Bombore gold mine in Burkina Faso. The company is mining and processing the phase I near surface free-dig oxides at a throughput of 5.9 million tonnes per annum (Mtpa). The company's planned phase II expansion consists of an independent 4.4 Mtpa hard rock plant operating alongside the existing oxide plant to deliver a significant increase in annual gold production at a low incremental capital cost. Construction of the new 4.4 Mtpa hard rock plant will enable Bombore to produce an average of 209,000 gold oz/year at a mine-level AISC of $1,121/oz for over eight years. First gold from the phase II expansion is scheduled for the third quarter of 2025. Significant exploration potential exists to expand Bombore's mineral reserves through future resource conversion and new discoveries from drilling of promising high-priority targets.

Orezone is led by an experienced team focused on social responsibility and sustainability with a proven record in project construction and operations, financings, capital markets, and mergers and acquisitions.

The technical report entitled Bombore phase II expansion, definitive feasibility study is available on SEDAR+ and the company's website.

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