Mining

Burkina Faso: Orezone Meets Gold Production Goals for 2024

Burkina Faso: Orezone Meets Gold Production Goals for 2024
Friday, 10 January 2025 17:16

Orezone Gold operates the Bomboré gold mine in Burkina Faso. In 2024, the Canadian firm expected the mine to deliver between 110,000 and 125,000 ounces.

The Bomboré gold mine in Mali has produced 118,746 ounces of ore in 2024. Orezone Gold, the mine’s Canadian owner, disclosed the figure on January 7, saying the project met its expectations.

Bomboré’s achievement is attributable to a strong final quarter. “Gold production in Q4 totaled 36,502 ounces, a 37% increase quarter-over-quarter  [...]. This accomplishment is a testament to the hard work and dedication of our operating team, with annual production guidance now achieved for the second consecutive year,” said Patrick Downey, CEO of Orezone.

Production at Bomboré began at the end of 2022. In 2023, the mine produced 141,425 ounces, benefiting from processing ore stockpiles from its construction phase. A project is underway to expand the mine’s annual production capacity beyond 170,000 tonnes by 2026.

Orezone sold 118,697 ounces of gold last year, at an average price of $2,384 per ounce, thus earning $282.9 million.

This article was initially published in French by Emiliano Tossou

Edited in English by Ola Schad Akinocho

On the same topic
Orion Minerals signs non-binding funding deal with Glencore for Prieska project. Financing of $200–250 mln planned in two stages, tied to 10-year...
Government secures $1.1 bln to expand electricity under “Chad Connexion 2030.” Plan targets 866 MW of new capacity, including 520 MW of solar...
Uganda set to add more oil and gas storage capacity than Nigeria and Ghana by 2030. Projects linked to EACOP and Hoima refinery require major...
Zimbabwe signed a $455 million, 15-year concession agreement with Jindal Africa to rehabilitate its 920 MW Hwange thermal power plant. The...
Most Read
01

From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...

Africa's Boundless Future: How a simple mobile phone became a pocket bank for millions
02

Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...

Gabon’s Airtel, Moov to Share Towers Under Govt-Brokered Deal
03

• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol,...

WAEMU Region Records Second Straight Month of Deflation, at -0.9% in July 
04

Malawi votes in high-stakes presidential election Tuesday Economic crisis, inflation dominate vot...

Malawi’s Election Puts Incumbent Chakwera to the Test on Inflation and Fuel Shortages
05

Vision Invest invests $700m in Arise IIP, Africa’s largest private infrastructure deal in 202...

Saudi Arabia’s 2025 Shopping List Now Includes Industrial Parks in Africa — With a $700 Million Entry Ticket
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.