Yesterday Orezone (TSX.V: ORE OTCQX: ORZCF) said it ordered a ball mill and other major equipment for its Bomboré Gold Project located in Burkina Faso.
The company said the cost is in line with the 2019 feasibility study estimate.
The company is forecasting annual gold production of 118,000 ounces over a 13+ year mine life at an all-in sustaining cost of US$730/ounce with an after-tax payback period of 2.5 years at an assumed gold price of US$1,300/ounce.
Orezone’s first gold pour is scheduled for Q3-2022.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
