Orezone Gold Corporation
All dollar amounts are in USD unless otherwise indicated and abbreviation “M” means million.
VANCOUVER, British Columbia, Aug. 12, 2026 (GLOBE NEWSWIRE) — Orezone Gold Corporation (TSX: ORE | ASX: ORE | OTCQX: ORZCF) (the “Company” or “Orezone”) is pleased to report its operational and financial results for the second quarter of 2026. 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.
Second Quarter 2026 Highlights:
- Reported record quarterly gold production of 58,566 ounces, marking the first full quarter of contribution following the acquisition of Casa Berardi. Gold sales totaled 60,654 ounces at an average realized gold price1,2 of $4,401 per ounce.
- Reported all-in sustaining costs1 (“AISC”) of $2,449 per gold ounce sold.
- Generated record revenue of $271.6 million and Adjusted EBITDA1of $134.5 million.
- Delivered net earnings of $45.2 million and basic earnings per share of $0.07 attributable to Orezone shareholders.
- Generated operating cash flow of $109.3 million during the quarter and ended June 30, 2026 with cash of $96.7 million, and bullion on hand with a market value of $21.2M (5,354 ounces).
- Advanced construction of the Bomboré Stage 2A Hard Rock Expansion, with engineering and procurement substantially complete and commissioning remaining on schedule for Q4-2026.
- Released the first exploration drill results from Casa Berardi since completing the acquisition, highlighting the significant exploration upside across the property and supporting the Company’s strategy to grow resources near existing infrastructure.
/Public Release.
