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, Executive Vice President | Ryan A. Goodman Senior Vice President, General Counsel |
| Pascal Marquis Senior Vice President - Exploration | Kevin Mackenzie Vice President - Corporate Development & IR | 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 West African gold producer engaged in mining, developing, and exploring its flagship Bombore Gold Mine (90%-owned) in Burkina Faso. The Bombore mine is an open pit gold. The Bombore mine is focused on its staged hard rock expansion that is expected to materially increase annual and life-of-mine gold production from the processing of hard rock mineral reserves. Bombore is situated 85 kilometers (kms) east of the capital city of Ouagadougou and is readily accessed by paved international highway thereby offering excellent infrastructure and simple logistics. |
| Financial Overview |
| For the nine months ended 30 September 2024, Orezone Gold Corp revenues decreased 6% to $191.7M. Net income decreased 35% to $25.6M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects General and administrative costs increase of 22% to $6.6M (expense), Fair value loss on stream liability increase of 84% to $1.2M (expense). |
| Employees: | 788 as of Sep 30, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $420.45M as of Sep 30, 2024 |
| Annual revenue (TTM): | $364.10M as of Sep 30, 2024 |
| EBITDA (TTM): | $142.39M as of Sep 30, 2024 |
| Net annual income (TTM): | $41.62M as of Sep 30, 2024 |
| Free cash flow (TTM): | -$1.26M as of Sep 30, 2024 |
| Net Debt Last Fiscal Year: | $46.90M as of Sep 30, 2024 |
| Shares outstanding: | 465,645,866 as of Nov 13, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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