Orezone Reports First Gold from Bombore Hard Rock Expansion

Executive Summary

• Orezone Gold completed the first gold pour from its new 2.5 Mtpa hard‑rock expansion at Bomboré, marking the start of commercial production.
• Mill throughput averaged 78 % of nameplate capacity during the initial five days of operation.
• The company projects a 45 % increase in total Bomboré gold output to 170,000–185,000 oz in 2026, with commercial production expected to be declared in early Q1‑2026.

Key Details

• First gold pour achieved on December 15, 2025 after approximately 12 months of construction for the stage 1 hard‑rock expansion.
• Plant commissioning is complete; initial mill throughput was 78 % of nameplate capacity over the first five days.
• Expected commercial production declaration in early Q1‑2026.
• Forecasted total Bomboré production (oxide + stage 1 hard rock) for 2026: 170,000–185,000 oz, a ~45 % increase versus prior levels.
• The expansion is expected to generate a significant cash‑flow inflection point, supported by the company’s strong balance sheet and high gold prices.
• Stage 2 of the hard‑rock expansion is underway, projected to lift annual production further to 220,000–250,000 oz once completed.

Notable Quotes

“Commissioning of this plant is now complete, with mill throughput averaging 78% of nameplate capacity for the first 5 days of operations, resulting in first gold on December 15.” – Patrick Downey, President & CEO

“Commercial production is expected to be declared in early Q1‑2026… overall gold production at Bomboré set to increase by 45% to 170,000‑185,000 oz in 2026.” – Patrick Downey, President & CEO