NOT FOR RELEASE TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, Aug. 07, 2025 (GLOBE NEWSWIRE) — Orezone Gold Corporation (TSX/ASX: ORE, OTCQX: ORZCF) (the “Company” or “Orezone”) is pleased to announce that the Company will commence trading on the Australian Securities Exchange (“ASX”) on August 8th at 11:00am AEST. Shares of the Company will trade on the ASX under the ticker “ORE”.
Patrick Downey, President and CEO stated, “The commencement of trading on the ASX marks an exciting milestone for the Company. This secondary listing has already served to broaden our investor base into the very active Australian mining market, further enhancing the Company’s capital markets profile and trading liquidity.
The proceeds from the IPO that closed on August 6th now enables Orezone to accelerate the stage 2 hard rock expansion at Bomboré, which will increase the project’s overall production profile to 220,000-250,000 ounces per annum. This production growth will be complemented by an ongoing focus on exploration, with the goal of increasing the current stated 5 million ounce global resource base to a targeted 7 to 10 million ounces longer term.
I would like to thank the Orezone team, and our advisors, for their hard work and dedication through the listing process and successful outcome.”
About Orezone Gold Corporation
Orezone Gold Corporation (TSX: ORE OTCQX: ORZCF) is a West African gold producer engaged in mining, developing, and exploring its 90%-owned flagship Bomboré Gold Mine in Burkina Faso. The Bomboré Mine achieved commercial production on its oxide operations on December 1, 2022. Construction of the stage 1 hard rock expansion is well underway, with first gold expected in Q4-2025. Combined production from the oxide and stage 1 hard rock operations is forecasted to total between 170,000 and 185,000 ounces in 2026. The Company is also advancing the stage 2 hard rock expansion, which is forecasted to increase annual production to between 220,000 and 250,000 ounces. Subject to final Board approval, the stage 2 hard rock expansion will commence in H2-2025, with commissioning expected in Q4-2026.
The technical report entitled Bomboré Phase II Expansion, Definitive Feasibility Study is available on SEDAR+ and the Company’s website.
Contact Information
Patrick Downey
President and Chief Executive Officer
Kevin MacKenzie
Vice President, Corporate Development and Investor Relations
Tel: 1 778 945 8977
info@orezone.com / http://www.orezone.com
This announcement was authorised for release by Mr. Patrick Downey, President & CEO and Director.
For further information please contact Orezone at +1 (778) 945 8977 or visit the Company’s website at http://www.orezone.com.
The Toronto Stock Exchange nor the Canadian Investment Regulatory Organization neither approves nor disapproves the information contained in this news release.
Cautionary Note – United States
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the U.S. Securities Act), or the securities laws of any state or other jurisdiction in the United States, and may not be offered or sold within the United States except in transactions exempt from, or not subject to, the registration requirements of the U.S. Securities Act and applicable US state securities laws. This news release does not constitute an offer for sale, nor a solicitation for an offer to buy, any securities in the United States, nor in any other jurisdiction in which such offer, solicitation or sale would be unlawful.
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” and “forward-looking information”, including statements and forecasts which include (without limitation) expectations regarding the financial position of the Company, production targets, the stage 1 and stage 2 hard rock expansions, the goal of defining a 7 to 10 million ounce resource base in the near future, future strategies, results and outlook of the Company and the opportunities available to the Company. Often, but not always, forward-looking information can be identified by the use of words such as plans”, “expects”, “is expected”, “is expecting”, “budget”, “outlook”, “scheduled”, “target”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes”, or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might”, or “will” be taken, occur or be achieved. Such information is based on assumptions and judgments of the Company regarding future events and results. Readers are cautioned that forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, targets, performance or achievements of the Company to be materially different from any future results, targets, performance or achievements expressed or implied by the forward-looking information.
Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, the Directors and management of the Company. Past performance is not a guide to future performance. Key risk factors associated with an investment in the Company are detailed in Section 4 of the Company’s prospectus dated July 11, 2025 (a copy of which can be found on SEDAR+). These and other factors could cause actual results to differ materially from those expressed in forward-looking statements.
Forward-looking information and statements (including the Company’s belief that it has a reasonable basis to expect it will be able to fund the hard rock expansion at the Bomboré Mine) are, further to the above, based on the reasonable assumptions, estimates, analysis and opinions of the Company made in light of its perception of trends, current conditions and expected developments, as well as other factors that the Company believes to be relevant and reasonable in the circumstances at the date such statements are made, but which may prove to be incorrect. Although the Company believes that the assumptions and expectations reflected in such forward-looking statements and information are reasonable, readers are cautioned that this is not exhaustive of all factors which may impact on the forward-looking information. The Company does not undertake to update any forward-looking information or statements, except in accordance with applicable securities laws. Due to the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information.
