Orezone Gold Corporation
All dollar amounts are in USD unless otherwise indicated and abbreviation "M" means million.
VANCOUVER, British Columbia, March 25, 2026 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX: ORE | ASX: ORE | OTCQX: ORZCF) ("Orezone" or "Company") is pleased to report its operational and financial results for the fourth quarter and year ended December 31, 2025, and its 2026 guidance. The Company will host a conference call and webcast today at 2:00pm PT / 5:00pm ET to discuss the results. Details to join the conference call and webcast are provided at the end of this release.
Fourth Quarter 2025 Highlights
- Gold production of 30,407 oz at an AISC of $1,942 per ounce sold.
- Revenue of $130.5M from the sale of 31,526 oz at an average realized price of $4,129 per oz.
- Adjusted EBITDA of $63.0M, Adjusted Earnings attributable to Orezone shareholders of $27.3M, and Adjusted Earnings per Share attributable to Orezone shareholders of $0.05.
- Cash flow from operations before changes in working capital of $57.0M and after changes in working capital of $52.6M.
- Cash on hand of $98.0M and bullion inventory of 3,175 oz with a market value of $13.9M at December 31, 2025.
- Stage 1 hard rock plant expansion completed with first gold poured on December 15, 2025 and commercial production declared on January 16, 2026.
Subsequent Event
- On March 25, 2026, the Company completed its acquisition of the Casa Berardi gold mine and portfolio of Quebec exploration properties from Hecla Mining Company. Refer to Orezone's press release dated the same date for
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