Orezone Gold Corporation: Q4 and Full Year 2024 Operational and Financial Results, 2025 Guidance
Vancouver, British Columbia, March 20, 2025 – Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (“Orezone” or “Company”) is proud to announce the release of its operational and financial results for the fourth quarter and full year ended December 31, 2024, as well as its 2025 guidance. All dollar amounts are in USD.
Financial Highlights
During the full year 2024, Orezone reported total revenue of $155.2M, an increase of 21% compared to the previous year. The Company’s net income for the year amounted to $35.6M, representing a significant improvement compared to the net loss of $1.4M in 2023. This impressive financial performance can be attributed to the strong operational performance of the Bomboré Gold Mine in Burkina Faso.
Operational Highlights
Gold production at the Bomboré Gold Mine for the year 2024 totaled 138,000 ounces, a 17% increase compared to the previous year. The Company’s all-in sustaining costs (AISC) for 2024 came in at $1,039 per ounce, a decrease of 12% compared to the previous year. Orezone’s strong operational performance is expected to continue into 2025, with an estimated gold production of 150,000 ounces and AISC of $950 per ounce.
Impact on Individual Investors
The strong financial and operational performance reported by Orezone Gold Corporation in its Q4 and full year 2024 results, as well as its optimistic 2025 guidance, is a positive sign for individual investors. The company’s improved financial position and increased gold production are likely to lead to higher profitability and potentially increased dividends. Furthermore, the company’s continued operational success in Burkina Faso demonstrates its ability to effectively manage its mining operations, reducing risks for investors.
Impact on the World
Orezone Gold Corporation’s strong operational and financial performance, as well as its optimistic 2025 guidance, has a positive impact on the global gold mining industry. The company’s success in Burkina Faso demonstrates the potential for gold mining operations in the region and could encourage further investment in the sector. Moreover, the increased production of gold by Orezone and other mining companies contributes to the global gold supply, helping to maintain a stable gold market.
Conclusion
Orezone Gold Corporation’s Q4 and full year 2024 operational and financial results, as well as its optimistic 2025 guidance, represent a significant achievement for the company. With increased gold production and decreased costs, Orezone is well-positioned for continued success in the gold mining industry. The positive impact on individual investors is clear, as the company’s improved financial position and operational success reduce risks and potentially lead to increased profits. Furthermore, the global gold mining industry benefits from Orezone’s success, with increased production contributing to a stable gold market and encouraging further investment in the sector.
- Orezone Gold Corporation reports strong financial and operational performance for 2024
- Gold production at Bomboré Gold Mine increased by 17% to 138,000 ounces
- Net income for the year amounted to $35.6M
- AISC decreased by 12% to $1,039 per ounce
- 2025 guidance calls for gold production of 150,000 ounces and AISC of $950 per ounce
- Positive impact on individual investors due to improved financial position and operational success
- Positive impact on global gold mining industry with increased production and stability in the gold market
