Orezone Gold Corporation
ORE.ASXMaterials
Mineral exploration, development and production
Market Data
$2.530
+0.0%$1.6B
13.4x
$0.188
0.00%
+0.1%
Latest Earnings
Fourth Quarter 2025 Results and 2026 Guidance
26 March 2026
Orezone Gold reported FY2025 gold production of 110,014 oz with revenue of $376.6M, down 7% from prior year due to lower oxide head grades, partially offset by hard rock plant commissioning and 45% higher realized gold prices. The company delivered Adjusted EBITDA of $181.1M and Adjusted EPS of $0.13, while completing its Stage 1 hard rock expansion (first gold poured December 2025) and acquiring Casa Berardi mine on March 25, 2026. FY2026 guidance projects 160,000-180,000 oz production (45-64% increase) from full-year hard rock operations, with AISC of $2,100-$2,300/oz and total capex of $65-75M. Key points: Significant production growth guidance: FY2026 forecast of 160,000-180,000 oz represents 45-64% increase over FY2025 from full-year hard rock operations and Stage 2A expansion; Stage 1 hard rock expansion successfully completed with first gold poured December 15, 2025 and commercial production declared January 16, 2026; 2,687 oz hard rock produced in Q4-2025 during commissioning; Strong revenue growth of 33% to $376.6M despite 7% lower production volume, driven by 45% higher realized gold prices (average $3,444/oz in FY2025 vs $2,384/oz in FY2024)
Recent Announcements
Company Presentation - Q4/YE2025 Results & 2026 Guidance
Orezone Gold Corporation released its Q4/YE2025 results and 2026 guidance presentation, highlighting completion of the 2.5Mtpa Stage 1 hard rock expansion at Bomboré on time and budget, with FY2025 gold production of 110,014oz and record revenue of $376.6M, while announcing the acquisition of Hecla Quebec Inc.'s assets including the Casa Berardi mine.
Fourth Quarter 2025 Results and 2026 Guidance
Orezone Gold reported FY2025 gold production of 110,014 oz with revenue of $376.6M, down 7% from prior year due to lower oxide head grades, partially offset by hard rock plant commissioning and 45% higher realized gold prices. The company delivered Adjusted EBITDA of $181.1M and Adjusted EPS of $0.13, while completing its Stage 1 hard rock expansion (first gold poured December 2025) and acquiring Casa Berardi mine on March 25, 2026. FY2026 guidance projects 160,000-180,000 oz production (45-64% increase) from full-year hard rock operations, with AISC of $2,100-$2,300/oz and total capex of $65-75M. Key points: Significant production growth guidance: FY2026 forecast of 160,000-180,000 oz represents 45-64% increase over FY2025 from full-year hard rock operations and Stage 2A expansion; Stage 1 hard rock expansion successfully completed with first gold poured December 15, 2025 and commercial production declared January 16, 2026; 2,687 oz hard rock produced in Q4-2025 during commissioning; Strong revenue growth of 33% to $376.6M despite 7% lower production volume, driven by 45% higher realized gold prices (average $3,444/oz in FY2025 vs $2,384/oz in FY2024)
ORE to Release 2025 Financial Results 26 March 2026 (AEDT)
Orezone Gold Corporation announced it will release its 2025 financial results on March 25, 2026, and filed an unaudited Appendix 4E preliminary report showing revenue increased 33% to $376.6M and net earnings after tax rose 21% to $77.4M for the year ended December 31, 2025, driven by a 44% increase in average realized gold prices despite a 7% decline in gold production.
Preliminary Final Report
Orezone Gold Corporation reported strong FY2025 results with revenue of $376.6M (+33% YoY) driven by a 44% increase in the average realized gold price, though gold production declined 7% to 110,014 oz due to lower ore grades. Net earnings attributable to members reached $64.9M (+16% YoY), with EBITDA of $173.6M (+35% YoY), while the company completed construction of its 2.5Mtpa hard rock expansion and declared commercial production on January 16, 2026, marking a major transition towards an integrated oxide and hard rock operation. Key points: Revenue grew 33% to $376.6M driven by 44% increase in average realized gold price, benefiting from higher global gold prices; EBITDA increased 35% to $173.6M, demonstrating strong operational leverage and margin expansion; Hard rock expansion project completed in 2025 with commercial production declared January 16, 2026, positioning company for significantly larger integrated operation
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