Orezone Announces Closing of Term Loan for Phase II Hard Rock Expansion
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Orezone Gold Corporation has closed a Phase II Term Loan with Coris Bank International to fund the Phase II Hard Rock Expansion at the Bomboré Mine, with first gold expected in Q4-2025.
December 23, 2024 | 1:45 pm
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POSITIVE IMPACT
Orezone Gold Corporation has secured a Phase II Term Loan to fund the expansion of its Bomboré Mine, with first gold production expected in Q4-2025.
The secured loan provides necessary funding for Orezone's expansion project, which is a positive development for the company's growth prospects. The expectation of first gold production in Q4-2025 suggests potential future revenue increases, likely boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90