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An update from Orezone Gold ( (TSE:ORE) ) is now available.
Orezone Gold Corporation announced that Canaccord Genuity Corp. has fully exercised its over-allotment option, resulting in the acquisition of an additional 6,402,450 common shares for C$5,250,009. The proceeds will be used to accelerate the second stage of the hard rock expansion and further exploration at the Bomboré Gold Mine, as well as for general corporate purposes. This development is expected to enhance Orezone’s operational capabilities and strengthen its position in the gold mining industry.
More about Orezone Gold
Orezone Gold Corporation is a West African gold producer focused on mining, developing, and exploring its Bomboré Gold Mine in Burkina Faso. The company achieved commercial production on its oxide operations in December 2022 and is now concentrating on expanding its hard rock operations to significantly boost gold production. Orezone is guided by a team with expertise in project construction, operations, and sustainability.
YTD Price Performance: 48.48%
Average Trading Volume: 378,559
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$498.6M
Learn more about ORE stock on TipRanks’ Stock Analysis page.