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Earnings Call Summary | OREZONE GOLD CORP(ORZCF.US) Q1 2024 Earnings Conference

Futu News ·  May 15 08:56  · Conference Call

The following is a summary of the Orezone Gold Corporation (ORZCF) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • Orezone Gold Corporation reported a Q1 production of 30,139 ounces of gold and sales of 31,229 ounces at an all-in sustaining cost of $1,324 per ounce sold.

  • They generated $64.7 million in revenue from gold sales, which led to earnings from mine operations of $26.9 million.

  • The company reported a pretax income of $20.4 million and after-tax net income of $13.6 million.

Business Progress:

  • Orezone announced the completion of the first stage of a Phase II Hardrock expansion, with the next stage under review.

  • The company is preparing for another phase of exploration, expected to run for several years.

  • The expansion project aims to increase annual gold production to over 170,000 ounces by 2026.

  • Funding for the expansion will be sourced from a pending debt package and cash flow.

More details: OREZONE GOLD CORP IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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