Orezone says Burkina Faso won't acquire Bombore stake

Executive Summary

• Orezone Gold met with the Burkina Faso government, which reaffirmed it will not seek an equity stake in the Bombore gold mine.
• The meeting clarified that a separate request to purchase equity in another local operation is case‑specific and does not signal broader policy changes.
• Orezone reiterated its commitment to continue developing Bombore, with Stage 1 hard‑rock expansion on track for first gold in Q4 2025 and 2026 production forecast of 170–185 koz (oxide + Stage 1).

Key Details

• Government of Burkina Faso confirmed no intention to acquire an equity interest in the Bombore mine.
• Recent government request to purchase equity in a different in‑country project is described as “situation specific” and not indicative of a wider policy shift.
• Orezone Gold remains fully committed to operating and advancing Bombore for all stakeholders.
• Construction of Stage 1 hard‑rock expansion is progressing well; first gold production anticipated Q4 2025.
• Combined 2026 production forecast (oxide + Stage 1): 170,000 – 185,000 ounces of gold.
• Ongoing work on Stage 2 hard‑rock expansion, projected to raise annual output to 220,000 – 250,000 ounces once completed.

Notable Quotes

(No direct quotes provided in the release.)