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Orezone Gold Corporation (ASX:ORE)

ALERT: Price-sensitive ASX Announcement for ORE
Current share price for ORE : $2.090 -0.47 (-18.36%)+
Announcement
Release
8 Jul 2026 8:22AM
Price at Release
$2.560
Full Release
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Summary
Orezone Gold Corporation has announced its 2026 production and cost guidance for the Casa Berardi gold mine, which it acquired on March 25, 2026. The company anticipates producing between 62,000 and 67,000 ounces of gold with an All-In Sustaining Cost ranging from US$2,600 to US$2,800 per ounce. Sustaining capital expenditure is projected at US$37 to US$39 million, focusing on underground development and equipment upgrades, while growth capital is set between US$5 and US$6 million to support future mine development. Orezone is planning an ambitious exploration program, including 58,000 metres of diamond drilling to convert resources and explore new targets. An updated life-of-mine plan outlining long-term strategies and development opportunities is expected in September 2026.
Key Points
  • Orezone provides 2026 guidance for its Casa Berardi mine post-acquisition.
  • Gold production for 2026 is projected between 62,000 to 67,000 ounces.
  • All-In Sustaining Costs (AISC) expected between US$2,600 – US$2,800/oz.
  • Sustaining capital expenditure is estimated at US$37 – US$39 million.
  • Growth capital is planned at US$5 – US$6 million for engineering and mine development.
  • 58,000 metres of diamond drilling is planned for resource conversion and exploration.
  • Orezone expects to release a new life-of-mine plan in September 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.