Sector: Basic Materials | Industry: Gold |
Company Contact | |
Address: | #450 - 505 Burrard Street VANCOUVER BC V7X 1M3 |
Tel: | 1-778-9458977 |
Website: | https://www.orezone.com |
IR: | See website |
Key People | ||
Patrick Gerard Downey President, Chief Executive Officer, Director | Peter Tam Chief Financial Officer | Pascal Marquis Senior Vice President - Exploration |
Kevin Mackenzie Vice President, Corporate Development and Investor Relations | Ryan A. Goodman Vice President - Legal and Administration | Robert D. Henderson Vice President - Technical Services |
Ricardo Rodrigues Vice President - Projects and Project Manager | Dale Tweed Vice President - Engineering | Ousseni Derra General Manager - Bombore Mine |
Business Overview |
Orezone Gold Corporation is a Canada-based gold mining company. The Company is engaged in the exploration and development of gold properties in Burkina Faso, West Africa, focusing on its 90%-owned Bombore gold project (Bombore Gold Mine or Bombore Project). The Bombore Project is a open pit gold mine situated approximately 85-kilometer (km) east of the capital city of Ouagadougou. The Bombore project hosts free digging oxide resources underlain by higher-grade sulphide resources. |
Financial Overview |
For the fiscal year ended 31 December 2023, Orezone Gold Corp revenues increased from $43.4M to $271.5M. Net income increased from $930K to $43.1M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Exploration and evaluation costs decrease of 29% to $5.6M (expense), Finance income increase from $77K to $809K (income). |
Employees: | 18 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $412.33M as of Dec 31, 2023 |
Annual revenue (TTM): | $367.54M as of Dec 31, 2023 |
EBITDA (TTM): | $165.53M as of Dec 31, 2023 |
Net annual income (TTM): | $58.41M as of Dec 31, 2023 |
Free cash flow (TTM): | $47.93M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $100.07M as of Dec 31, 2023 |
Shares outstanding: | 368,148,845 as of Mar 7, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |