VANCOUVER, British Columbia, July 07, 2026 (GLOBE NEWSWIRE) — Orezone Gold Corporation (TSX: ORE, ASX: ORE, OTCQX: ORZCF) (the “Company” or “Orezone”) is pleased to provide its production and cost guidance for its recently acquired Casa Berardi gold mine. The guidance reflects the Company’s 2026 operating plans for the mine subsequent to its acquisition on March 25, 2026.
Patrick Downey, President and CEO, commented: “Since taking ownership, our focus at Casa Berardi has been on integrating the operation, gaining a deeper understanding of the asset and identifying opportunities to enhance its future performance. Ongoing work since the acquisition has reinforced our view that Casa Berardi is a long-life asset in a Tier-1 jurisdiction. Its substantial mineral endowment, extensive existing infrastructure and significant exploration upside provide a strong platform for long-term value creation.
2026 will be a transition year for the operation as we continue to mine readily accessible lower-grade underground ore while completing additional waste stripping in the F160 pit to improve access to higher grades in the pit bottom and prepare for future pit cut-backs to extend the pit life. These investments will result in higher average AISC for the remainder of 2026. Over the longer-term, we expect unit costs and AISC to trend lower, as improved grades and productivity are realized through accelerated underground development, new mining equipment and a significantly expanded definition drilling program.
Our clear focus is on strengthening Casa Berardi for future growth through ongoing investments and we look forward to issuing a new life-of-mine plan in September, which will further outline our long-term strategy of optimizing operations and realizing the full potential of the mine.”
Casa Berardi 2026 Guidance
The following guidance covers the post-acquisition period from March 25 to December 31, 2026:
| Casa Berardi | Unit | 2026 Guidance1 |
| Gold production1 | Au oz | 62,000 – 67,000 |
| All-In Sustaining Costs1,2,3 | US$/oz Au sold | $2,600 – $2,800 |
| Sustaining capital1,2,3 | US$ million | $37 – $39 |
| Growth capital1,2,3 | US$ million | $5 – $6 |
- Period from March 25, 2026 to December 31, 2026
- Non-IFRS measure. See “Non-IFRS Measures” section below
