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Orezone Gold Corporation (ASX:ORE)

ALERT: Price-sensitive ASX Announcement for ORE
Current share price for ORE : $2.370 -0.02 (-0.84%)+
Announcement
Release
20 May 2026 8:22AM
Price at Release
$2.390
Full Release
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Summary
Orezone Gold Corporation announced its first quarter 2026 results, achieving significant progress with the completion of the Casa Berardi acquisition, contributing to a total gold production of 38,789 ounces. The company reported substantial financial performance with a revenue of $185.9 million, driven by gold sales, and an adjusted EBITDA of $94.2 million. Net earnings for the quarter were $39.6 million, with per share earnings standing at $0.07. Operational advancements include the commercial production on the Stage 1 hard rock plant expansion and strategic executive appointments to boost production and market visibility. The company expects further production improvement throughout 2026.
Key Points
  • Orezone Gold Corporation reported its first quarter 2026 results on May 13, 2026.
  • The company completed the acquisition of the Casa Berardi gold mine and Quebec exploration properties.
  • Gold production totaled 38,789 ounces, with revenue of $185.9 million from gold sales.
  • Adjusted EBITDA was reported at $94.2 million.
  • Net earnings attributable to shareholders were $39.6 million, with an adjusted earnings per share of $0.07.
  • Cash flow from operations before changes in working capital was $189.4 million.
  • Commercial production on the Stage 1 hard rock plant expansion was declared on January 16, 2026.
  • Orezone aims to increase production and market awareness with new executive appointments.
  • The company anticipates improved production for the remainder of 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.