Orezone Gold Corporation (TSX: ORE) (OTCQX: ORZCF) is pleased to announce that the Bomboré Gold Mine has achieved commercial production, effective December 1, 2022.
Orezone has declared commercial production at Bomboré based on achieving 30 consecutive days of mill throughput exceeding 70% of nominal nameplate capacity of 14,250 tonnes per day and recovery reaching design levels of 90%. During November 2022, the mill processed 364,123 ore tonnes
(12,137 tpd) at a recovery rate of 91%.
Patrick Downey, President & CEO commented, “Commercial production at Bomboré is a significant milestone and transforms the Company to producer status. We congratulate the Bomboré team for their excellent execution in achieving this goal. With our power supply issues now firmly behind us, we are focused on optimizing plant performance and steadily increasing throughput and availability with the objective of exceeding design capacity.”
Management plans to provide annual guidance for Bomboré in January 2023.
About Orezone Gold Corporation
Orezone Gold Corporation is a Canadian mining company operating the open pit Bomboré Gold Mine in Burkina Faso.
Orezone is focusing on mining and processing the Phase I near surface free-dig oxides at a planned annual throughput of 5.2 million tonnes. The Company believes that Bomboré has a significant underlying sulphide resource to support a substantially larger Phase II expansion. A 77,000 m infill and expansion drill program is ongoing and once completed, the Company plans to issue an updated mineral resource and reserve statement and feasibility study, as part of this Phase II expansion. It is expected that the studies will be completed in H1-2023 to be followed by a production decision.
Orezone is led by an experienced team focused on social responsibility and sustainability with a proven track record in project construction and operations, financings, capital markets and M&A.
The technical report for the 2019 Feasibility Study on the Bomboré Project entitled NI 43-101 Technical Report (Amended) Feasibility Study of the Bomboré Gold Project is available on SEDAR under the Company’s profile at www.Sedar.com.
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We acknowledge the [financial] support of the Government of Canada.