Orezone Gold Corporation's Thriving Q3-2025 Production Insights
Orezone Gold Corporation's Q3 2025 Production Update
Vancouver, British Columbia – Orezone Gold Corporation (TSX: ORE | ASX: ORE | OTCQX: ORZCF), a prominent player in the gold mining sector, has declared notable achievements in its Q3-2025 gold production and advancements in its Bomboré Gold Mine hard rock project. Today's reporting confirms all financial figures are in USD.
Key Production Metrics for Q3 2025
The results from the third quarter reveal a gold production of 23,371 ounces, which reflects a consistent output amidst challenging weather conditions. Notably, gold sales amounted to 20,350 ounces, achieving a realized price of $3,375 per ounce, contributing to an impressive revenue of $68.7 million.
Financial Health and Cash Reserves
As of the end of the quarter, Orezone maintained a solid cash balance of $85.3 million, complemented by $18.9 million in bullion holdings (approximately 4,942 ounces). However, the quarter’s bullion shipment was delayed due to adverse weather conditions but is now set for early sale in October.
Debt Management
Orezone's senior debt stood at $80.1 million following $5.3 million in principal repayments and $20.1 million in loan drawdowns during this period. An undrawn senior credit facility of $11.8 million remains accessible, further bolstering the company’s financial capacity.
Updates on Hard Rock Expansion Initiatives
The construction of the stage 1 hard rock expansion at the Bomboré site is advancing effectively and sticking to budget. The completion is anticipated soon, with significant milestones including mill commissioning and the first gold pour expected in Q4 of this year.
Engineering Successes and Future Prospects
All major mill components necessary for operations have been installed, and the engineering and procurement phases are completed. The Structural, Mechanical, and Piping (SMP) works are nearing completion, and the Electrical and Instrumentation (E&I) installations are well underway.
Preparation for Hard Rock Mining
The company is set to commence operations in several mining areas, with a fleet of new Caterpillar haul trucks on site courtesy of the mining contractor. This pivotal move is expected to enhance operational efficiencies and expedite the expansion process.
Anticipated Production Growth
Orezone's President and CEO, Patrick Downey, shared optimistic insights regarding the expected Q4 performance, emphasizing the potential for strong production statistics as mining access improves following the rainy season. The company targets a production forecast of 115,000 to 130,000 ounces for the year 2025, poised to benefit from escalating gold prices.
Stage 1 Expansion Overview
The stage 1 hard rock expansion is designed to handle higher-grade ore, facilitating a robust processing capability independent of the existing oxide plant. The concentrated scope of this expansion significantly mitigates risks associated with time and budget overruns, capitalizing on established mining practices.
Future Stages of Expansion
Looking forward, Orezone plans a stage 2 expansion aimed at enhancing its hard rock operations from 2.5 million tonnes per annum (Mtpa) to a remarkable 5.5 Mtpa. This strategic upgrade is projected to elevate overall production by another 225,000 to 250,000 ounces annually.
About Orezone Gold Corporation
Orezone Gold Corporation is a dedicated player in the West African gold mining scene, focusing on the Bomboré Gold Mine project in Burkina Faso. The company is on pace to achieve its ambitious production goals and continues to pursue its multi-stage expansion plans, which promise significant advancements in output and profitability in the coming years.
Contact Information
For inquiries, please reach out to:
Patrick Downey
President and Chief Executive Officer
Kevin MacKenzie
Vice President, Corporate Development and Investor Relations
Tel: 1 778 945 8977
Email: info@orezone.com
Website: www.orezone.com
Frequently Asked Questions
What are the latest production results for Orezone Gold Corporation?
Orezone reported a gold production of 23,371 ounces in Q3-2025, with gold sales reaching 20,350 ounces.
How much cash does Orezone have as of the end of Q3-2025?
Orezone has a cash balance of $85.3 million and bullion on hand valued at $18.9 million.
What is the status of the hard rock expansion at Bomboré?
The construction of the hard rock expansion is close to completion, with commissioning slated for Q4-2025.
What are Orezone's production targets for 2025?
The company aims to produce between 115,000 and 130,000 ounces in 2025, depending on mining operations.
What future plans does Orezone have for expansion?
Orezone has plans for a stage 2 expansion to increase overall production to between 225,000 and 250,000 ounces per year.
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