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(Kitco News) - Orezone Gold (TSX: ORE) (OTCQX: ORZCF) announced today that its Bomboré gold mine in Burkina Faso, which poured first gold in September 2022, produced 35,482 ounces in Q2 2023 (Q1 2023: 41,301 ounces).
The company said that overall mill throughput for the quarter was slightly below that of Q1 due to lower than planned plant availability from routine maintenance for the installation of newly designed mill liners and the replacement of worn shafts in the front-end mineral sizer.
However, Orezone added that all major planned maintenance for the year is now complete and the company expects quarterly throughput in the second half of 2023 to reach record levels.
Importantly, the company re-affirmed its 2023 annual production guidance of 140,000 to 155,000 ounces.
Orezone also reported that work on the phase II hard rock expansion feasibility study continued during Q2, with mine design and scheduling now underway. The expansion study remains on track for completion at the end of Q3 2023.
Significant progress was also made on the Bomboré grid power connection, with right-of-way clearing complete and tower installations commencing.
"Energization of the grid connection is slated for late 2023 which will see current power costs dramatically reduced," the company said.
Orezone Gold is a Canadian mining company operating the open pit Bomboré gold mine in Burkina Faso. Orezone is focusing on mining and processing the phase I near surface free-dig oxides at a planned annual throughput of 5.7 million tonnes.
The company believes that Bomboré has a significant underlying hard rock resource to support a substantially larger phase II expansion.
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