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 three months ended 31 March 2024, Orezone Gold Corp revenues decreased 21% to $64.7M. Net income decreased 48% to $11.7M. 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 20% to $2.1M (expense), Share-based compensation increase of 21% to $1.3M (expense). |
| Employees: | 18 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $384.70M as of Mar 31, 2024 |
| Annual revenue (TTM): | $346.30M as of Mar 31, 2024 |
| EBITDA (TTM): | $141.62M as of Mar 31, 2024 |
| Net annual income (TTM): | $43.93M as of Mar 31, 2024 |
| Free cash flow (TTM): | $7.99M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $97.53M as of Mar 31, 2024 |
| Shares outstanding: | 370,098,013 as of May 15, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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