- Orezone Gold (ORE) has begun relocating families that surrounding its Bombore gold project in Burkina Faso
- The company recently completed the remaining five per cent of work needed to resettle the village, after construction was halted in late March due to COVID-19
- Orezone expects the move to be completed by the fourth quarter of this year
- A Phase II expansion plan for the project, which could increase production by 60 per cent, is currently before the Burkina Faso government
- Orezone Gold Corporation (ORE) is trading down 6.5 per cent to C$1.00 per share
Orezone Gold (ORE) has begun relocating families surrounding its Bombore gold project in Burkina Faso.
The commencement was marked by a ceremony, which included the traditional handing over of house keys to local chief of the Natinga village. Orezone also gifted a ceremonial tree to the village.
The company recently completed the remaining five per cent of work needed to resettle the village, after construction was halted in late March due to COVID-19.
The return of the project’s entire site-based workforce will be completed over the coming weeks, and the relocation of families is set to begin in this year’s fourth quarter.
The relocation plan is a key part of the plans for the Bombore project. A Phase II expansion plan for the project is currently before the Burkina Faso government.
A decision on that planned expansion is expected in the third quarter of this year, which could increase production 60 per cent if approved.
The company’s President and CEO, Patrick Downey said he was pleased that the relocation of families had commenced.
“The ceremony and move are a testament to the support of the local communities and the Government of Burkina Faso and represent a major milestone for the company.
“The resettlement villages also conclude new community infrastructure such as schools, clinics, markets, mosques, churches and roads, and will form part of Orezone’s long term sustainable development programs throughout the life of the project and beyond,” he said.
Orezone Gold (ORE) is down 6.5 per cent and is trading at C$1.00 per share at 11:30 am EDT.