Orezone Gold Begins Trading on ASX, Plans Expansion

Orezone Gold ( (TSE:ORE) ) has issued an announcement.

Orezone Gold Corporation has announced its commencement of trading on the Australian Securities Exchange under the ticker ‘ORE’, marking a significant milestone for the company. This listing is expected to broaden its investor base and enhance its capital markets profile. The proceeds from a recent IPO will support the acceleration of the stage 2 hard rock expansion at the Bomboré Gold Mine, aiming to boost production to 220,000-250,000 ounces annually, with a long-term goal of increasing the global resource base to 7-10 million ounces.

The most recent analyst rating on (TSE:ORE) stock is a Buy with a C$1.20 price target. To see the full list of analyst forecasts on Orezone Gold stock, see the TSE:ORE Stock Forecast page.

Spark’s Take on TSE:ORE Stock

According to Spark, TipRanks’ AI Analyst, TSE:ORE is a Outperform.

Orezone Gold’s overall stock score reflects strong financial performance and attractive valuation, supported by strategic expansion initiatives. The technical analysis presents mixed signals, but the company’s robust liquidity and successful IPO on the ASX are significant positives. The fatality at the construction site and potential cost impacts from exchange rate fluctuations are notable risks.

To see Spark’s full report on TSE:ORE stock, click here.

More about Orezone Gold

Orezone Gold Corporation is a West African gold producer focused on mining, developing, and exploring its 90%-owned Bomboré Gold Mine in Burkina Faso. The company achieved commercial production on its oxide operations in December 2022 and is advancing its hard rock expansions to increase production capacity.

Average Trading Volume: 1,008,531

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$601.2M

For a thorough assessment of ORE stock, go to TipRanks’ Stock Analysis page.