Orezone and Osisko Report Mixed Q2 2024 Financial Results

Orezone faces operational challenges but anticipates stronger H2, while Osisko adjusts guidance following asset impairment.

Orezone's Q2 gold production dropped 28% due to lower grid power availability and head grades.
Orezone expects improved performance in H2 with new mining areas and better grid power reliability.
Osisko reported record operating cash flows despite a net loss caused by a significant asset impairment.
Osisko's Q2 revenues increased, but guidance was lowered due to production issues at the Eagle mine.
Both companies are advancing strategic initiatives and expansions to bolster future growth.