US EditionOrezone Gold Announces Transformational Expansion into Canada with the Acquisition of the Casa Berardi Gold Mine
Orezone will acquire the Casa Berardi gold mine via a $352M upfront and deferred payment deal plus up to $241M contingent on production and gold prices, expanding its Canadian operations.
- Orezone Gold Corporation disclosed in a webcast on January 26, 2026 that it will acquire Hecla Mining's Quebec assets including the Casa Berardi Mine, anticipating closing in the first quarter of 2026.
- Using Bomboré cash flow and a Franco‑Nevada stream, Orezone structured financing to leverage its Bomboré free cash flow and a $100M gold stream.
- Upfront and Deferred Consideration totals $352M including $160M Upfront Cash Consideration, $112M in Orezone common shares, and $80M deferred cash payments, with Contingent Consideration up to $241M.
- Closing of the Transaction is subject to required regulatory approvals including the Toronto Stock Exchange, Australian Securities Exchange and Competition Act clearance, and there can be no assurances it will complete.
- Technical reviews by RESPEC and NI 43‑101 competent persons found that beyond 2026, the LOM plan includes development of three additional open pits, which may require an environmental impact assessment.
12 Articles
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Globe Newswire
Orezone Gold Announces Transformational Expansion into Canada with the Acquisition of the Casa Berardi Gold Mine
All dollar amounts are in USD unless otherwise indicated and abbreviation “M” means million. Strategic acquisition of an established operating gold mine,...
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