Orezone Gold (“ORE”) has reported Q1 production of 30.1koz from the company’s Bomboré mine in Burkina Faso with gold sales of 31.2koz at an average received price of US$2,066/oz for sales of US$64.5m. This was in line with our expectation (H&Pe 30.08koz) and management has maintained guidance for the year. The plant processed 1.355Mt at a grade of 0.78g/t and recoveries of 89%, all in line with our expectation. For the quarter we expect AISC of US$1,221/oz, EBITDA of US$30m and NPAT of US$19.7m. ....
