Orezone Gold Corporation (ASX: ORE) - Financials
- Current share price for ORE : $2.310
Orezone Gold Corporation (ORE) is a gold producer engaged in mining, developing, and exploring its 85%-owned Bombore gold mine (“Bombore") in Burkina Faso. On January 26, 2026, the Company entered an agreement to acquire Hecla Quebec Inc., that owns the Casa Berardi gold mine and a portfolio of exploration properties in Quebec, Canada. Closing of the acquisition was completed on March 25, 2026.
ORE Per Share
| Year to Jun | Sales | Cashflow | Earnings | Dividends | Franking | Book Value | Average Annual P/E |
Relative P/E | Shareholder Return |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.95 | 25.2 ¢ | 16.4 ¢ | 0 ¢ | 0% | $1.00 | 9.12 | 65.5% | 0% |
| 2024 | $6.93 | 141.1 ¢ | 156.7 ¢ | 0 ¢ | 0% | $8.20 | 0 | 0% | 0% |
| 2023 | $6.03 | 177.7 ¢ | 110.3 ¢ | 0 ¢ | 0% | 0 | 0% | 0% |
ORE Capital Structure
| Total Debt | Interest | Long Term Debt | Percent Debt | Preferred Stock | Share Equity | Percent Equity |
|---|---|---|---|---|---|---|
| $177,106 | $17,091 | $65,259 | 10% | $0.00 | $597,659 | 90% |
Note: All dollars in thousands ('000) for the table above
ORE Historical Financials
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Revenue ($M) | 562.7 | 456 | 396.9 |
| Operating Margin (%) | 45.5 | 44.9 | 39.6 |
| Depreciation ($M) | -50.3 | -45.8 | -43.6 |
| Amortisation ($M) | |||
| Net Profit Before Abs ($M) | 97 | 103.1 | 72.5 |
| Net Profit After Abs ($M) | 97 | 103.1 | 72.5 |
| Income Tax Rate (%) | 39.7 | 24.5 | 21.1 |
| Net Profit Margin (%) | 17.2 | 22.6 | 18.3 |
| Employees ($T) | |||
| Long Term Debt ($M) | 65.3 | 130.1 | |
| Shareholders Equity ($M) | 597.7 | 539.5 | |
| Return on Capital (%) | 16 | 18 | |
| Return on Equity (%) | 16.2 | 19.1 | |
| Payout Ratio (%) |
ORE Cashflow
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Customer Receipts ($M) | |||
| Net Operating Cashflow ($M) | 148.6 | 92.8 | 116.9 |
| Net Investing Cashflow ($M) | -212 | -74 | -64 |
| Net Financing Cashflow ($M) | 92 | 73 | -37 |
ORE Market & Earnings
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Market Cap ($M) | 1,149 | ||
| Net Gearing (%) | 5 | -15.2 | |
| Net Interest Cover (%) | 14.73 | 7.11 | 5.2 |
| Dividend Yield (%) | |||
| NTA Per Share ($) | 1 | 8.2 | |
| EBITDA ($M) | 256.1 | 204.7 | 157.3 |
| EBIT ($M) | 205.8 | 158.9 | 113.7 |
| EBT Before Abs ($M) | 191.8 | 136.5 | 91.9 |
ORE Balance Sheet
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Cash ($M) | 146.3 | 243.9 | |
| Debtors ($M) | 30 | ||
| Other Debtors ($M) | 30.9 | ||
| Prepayments ($M) | |||
| Inventories ($M) | 91.7 | 20.6 | |
| Current Investments ($M) | |||
| Other Current Assets ($M) | 17.7 | 17.5 | |
| Total Current Assets ($M) | 286.7 | 311.9 | |
| Receivables ($M) | 74.5 | 28.5 | |
| Inventories ($M) | 109.9 | 141.1 | |
| Property, Plant & Equipment ($M) | 664.7 | 343.5 | |
| Accumulated Depreciation ($M) | -163 | ||
| Intangibles ex. Goodwill ($M) | |||
| Goodwill ($M) | |||
| Future Income Tax Benefit ($M) | 17.9 | 19.7 | |
| Non-Current Investments ($M) | |||
| Other Non-Current Assets ($M) | 5.6 | 1.66 | |
| Total Non-Current Assets ($M) | 709.7 | 534.4 | |
| Total Assets ($M) | 996.3 | 846.4 | |
| Accounts Payable ($M) | 111.8 | 104.5 | |
| Provisions ($M) | 48.4 | ||
| Short Term Debt ($M) | 111.8 | 30.6 | |
| Other Current Liabilities ($M) | |||
| Total Current Liabilities ($M) | 272.1 | 135.1 | |
| Creditors ($M) | |||
| Long Term Debt ($M) | 65.3 | 130.1 | |
| Provisions ($M) | 23 | 16.3 | |
| Other Non-Current Liabilities ($M) | 22.6 | 15.4 | |
| Total Non-Current Liabilities ($M) | 110.9 | 161.8 | |
| Total Liabilities ($M) | 383 | 296.9 | |
| Share Capital ($M) | 659.3 | 704 | |
| Reserves ex. Share Premium ($M) | 48.9 | 51.6 | |
| Share Premium Reserve ($M) | |||
| Retained Profits ($M) | -110.5 | -216.1 | |
| Other Shareholders Equity ($M) | |||
| Convertible Equity ($M) | |||
| Outside Equity Interest ($M) | 15.7 | 10.01 | |
| Total Shareholders Equity ($M) | 613.4 | 549.5 |
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