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Orezone Gold Corporation (T:ORE)

Business Focus: Gold Mining

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