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Orezone Gold completes $352M acquisition of Casa Berardi gold mine in Quebec, expanding production and exploration.

Company Fundamentals
25 Mar 2026
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Bullish
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Orezone Gold Corporation has completed the acquisition of the Casa Berardi gold mine and a Quebec exploration portfolio from Hecla Mining for $352 million upfront, with potential additional payments up to $241 million. This strategic move positions Orezone as a diversified multi-asset producer with increased scale, production, and cash flow. Casa Berardi has produced over 3.2 million ounces of gold and holds significant resources, while Orezone plans to optimize operations and launch extensive exploration drilling. The acquisition is funded through cash, shares, deferred payments, and a gold streaming agreement with Franco-Nevada, supporting Orezone's growth and value creation in a Tier 1 mining jurisdiction.

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