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Orezone Gold Corporation (ASX:ORE)

ALERT: Price-sensitive ASX Announcement for ORE
Current share price for ORE : $2.810 0.12 (4.46%)+
Announcement
Release
13 Aug 2026 8:16AM
Price at Release
$2.690
Full Release
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Summary
Orezone Gold Corporation's Management Discussion and Analysis for the period ending June 30, 2026, highlights a record quarterly gold production of 58,566 oz following the acquisition of the Casa Berardi mine from Hecla Mining on March 25, 2026. The company reported a significant revenue increase and improved liquidity with net earnings of $53.1M. Investments in the Bomboré Stage 2A expansion are progressing, and the company plans to release further assessments for its Quebec projects. Orezone's strategic focus includes strengthening its leadership team and enhancing its operational capabilities to achieve historical production levels at Casa Berardi.
Key Points
  • Orezone Gold Corporation reported record quarterly gold production of 58,566 oz for Q2-2026.
  • Gold sales reached 60,654 oz at an average realized price of $4,401 per oz.
  • The company's All-In Sustaining Costs (AISC) for Q2-2026 were $2,449 per gold oz sold.
  • The acquisition of Casa Berardi from Hecla Mining was completed on March 25, 2026.
  • The Casa Berardi mine produced 91,160 oz of gold in 2025 and has a goal to return to historical production levels.
  • Orezone's net earnings for Q2-2026 were $53.1M, with adjusted earnings per share of $0.08.
  • Investments in the Bomboré Stage 2A hard rock expansion are ongoing, with completion expected by October 2026.
  • The company strengthened its leadership team with new executive appointments.
  • Orezone plans to release a new Life-of-Mine plan for Casa Berardi and a Preliminary Economic Assessment for the Heva-Hosco development project.
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.