Orezone Closes Casa Berardi Deal, Adding Quebec Mine to Portfolio

Overview

• Orezone Gold said it has completed the acquisition of the Casa Berardi gold mine along with a Quebec exploration portfolio.
• The company detailed $352 million in upfront and deferred payments, with up to $241 million more contingent on future triggers.
• Former Hecla Quebec employees have joined Orezone, which emphasized ongoing engagement with local communities, including the Abitibiwinni First Nation.
• Casa Berardi has produced more than 3.2 million ounces of gold to date, adding a long-life Canadian asset alongside Orezone’s Bomboré mine, which it brought into production in West Africa in late 2022.
• Orezone said transaction financing steps and any contingent-payment mechanics are progressing, and the board authorized release of the announcement.