Orezone Gold in transformational expansion into Canada TSX-listed Orezone Gold has entered into a definitive agreement to acquire Hecla Quebec, a wholly owned subsidiary of Hecla Mining Company.
Through this transaction, Orezone will acquire 100% ownership of the operating Casa Berardi gold mine and a portfolio of exploration properties, all located in Quebec. Consideration for the acquisition consists of upfront and deferred consideration of $352 million and contingent consideration of up to $241 million. Patrick Downey, CEO, Orezone Gold said, “This transaction marks a significant inflection point for Orezone as it adds a proven, cash-flow-generating asset to our portfolio, and provides asset diversification in a Tier 1 jurisdiction. The combination of Casa Berardi and Bomboré creates a multi-asset platform with strong production and free cash flow, positioning Orezone for near-term growth and long-term value creation. Casa Berardi’s established operating history, robust resource and reserve base, and substantial exploration upside across a 37 km mineralised corridor, provide a foundation for sustained growth.” n
Rand Refinery partners with Ghana’s Gold Coast Refinery Local refiner, Rand Refinery, recently partnered with Ghana’s Gold Coast Refinery (GCR) to support the Ghana Gold Board (Goldbod) to locally refine artisanal and small scale (ASM) gold and Elevate Responsible Sourcing
Standards in West Africa. The agreement between Rand Refinery and GRC, will see Rand Refinery provide Technical, Operational and Commercial (TOC) supervision to GCR, enabling local refining of ASM material and achieve internationally recognised assaying and refining standards. GCR, established in 2016, is a gold refinery based in Accra Ghana with a refining capacity of more than 80 tpa and a potential to grow in the future. GCR signed an agreement with the Ghana Goldbod to refine up to 1000 kgs of ASM gold dore per week, meeting responsibly mined and sourcing standards. “The signing of the agreement is a momentous occasion, and Rand Refinery, being the leading LBMA Good Delivery accredited Refiner on the continent, stands ready to support the aspirations of the Ghana government for local refining, through our partnership with Gold Coast Refinery.
Rand Refinery partners with Ghana’s Gold Coast Refinery.
footprint on the African continent, as the preferred refining partner - supporting and enabling local ASM refining while ensuring ethical sourcing and transparency. We are committed to supporting and developing Africa’s ASM sector as a key enabler of country economic growth. n
We are committed to work with GCR and Goldbod to implement the necessary framework to ensure that the material sourced meets international responsible sourcing requirements,” says Rand Refinery CEO, Dean Subramanian. Through these strategic partnerships, Rand Refinery will further strengthen its
March 2026 | www.modernminingmagazine.co.za MODERN MINING 5
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