Orezone Announces Life-of-Mine Plan for Casa Berardi Operations - investingnews.com

AI desk brief

Orezone released an updated life-of-mine plan for Casa Berardi, outlining 14 years of production from 2027-2040 totaling 1.63Moz of gold at average AISC of $1,877/oz. The plan lifts average annual output to 116koz, rising to 132koz/year in 2030-2038 at $1,776/oz AISC, with after-tax NPV5% of $1.05bn at consensus gold prices and $1.43bn at a $4,350/oz spot gold case.

Orezone said it has restarted exploration and is ramping drilling to 100,000m per year, aiming to increase underground grades, expand production and lower costs. The plan is still a PEA with inferred resources and no defined reserves, and it depends on permitting for several pit phases and future infrastructure.