Miner Orezone posts Q2 revenue of $94.3 Mln, gold production at 27,548 oz

Overview

• Orezone Q2-2025 gold production at 27,548 ounces, revenue at $94.3 mln

• Stage 1 Hard Rock expansion on schedule for Q4-2025 completion

• Orezone advancing ASX listing, expected mid-August

Outlook

• Orezone expects 2025 production of 115,000-130,000 ounces.

• Orezone plans ASX listing in mid-August 2025.

• Stage 2 expansion could boost production at Bomboré to 220,000-250,000 ounces per year.

Result Drivers

• GOLD PRODUCTION - Orezone produced 27,548 ounces of gold in Q2-2025, in line with company plans, per CEO Patrick Downey

• HARD ROCK EXPANSION - Stage 1 expansion remains on schedule for Q4-2025 completion, expected to increase production by 45% in 2026

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the gold peer group is "buy"

• Wall Street's median 12-month price target for Orezone Gold Corp is C$1.40, about 18.6% above its July 7 closing price of C$1.14

• The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 4 three months ago

Press Release: ID:nGNX36lFjH