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AUXX 7.20 +7.3% FCI 0.330 +0.0% SGQ 0.350 +0.0% TECK 86.32 +6.7% BIG 0.770 +30.5% PTU 0.320 −3.0% GZD 0.080 −11.1% AFM 1.46 +2.1% VCT 0.060 +0.0% BEM 0.060 −7.7% NMI 0.195 +0.0% VLD 0.540 +0.0% BOL 0.080 +6.7% EDCU 0.450 +2.3% SYH 0.385 +4.0% TECT 2.10 +2.4% AUXX 7.20 +7.3% FCI 0.330 +0.0% SGQ 0.350 +0.0% TECK 86.32 +6.7% BIG 0.770 +30.5% PTU 0.320 −3.0% GZD 0.080 −11.1% AFM 1.46 +2.1% VCT 0.060 +0.0% BEM 0.060 −7.7% NMI 0.195 +0.0% VLD 0.540 +0.0% BOL 0.080 +6.7% EDCU 0.450 +2.3% SYH 0.385 +4.0% TECT 2.10 +2.4%
Production / Operations

Orezone Reports Q3-2025 Production and Hard Rock Expansion Update

By The Northwire Desk — AI Analysis Oct 15, 2025 · 16:30 ORE · 1.65 Orezone Gold Corporation
ORE · Price

Executive Summary

  • Q3‑2025 gold production was 23,371 oz with sales of 20,350 oz at a realized price of $3,375/oz generating $68.7 M revenue.
  • Stage 1 hard‑rock expansion at Bomboré is on schedule; all major mill components are installed and commissioning is slated for November 2025 with first gold pour expected in Q4‑2025.
  • Once commissioned, the expansion is projected to lift combined annual production by ~45% to 170,000–185,000 oz in 2026 (and ultimately 225,000–250,000 oz after Stage 2).

Key Details

  • Gold Production Q3‑2025: 23,371 oz (down from 27,548 oz in Q2‑2025).
  • Gold Sales Q3‑2025: 20,350 oz at $3,375/oz → $68.7 M revenue.
  • Cash Position: $85.3 M cash; bullion on hand 4,942 oz valued at $18.9 M (shipment delayed by weather).
  • Senior Debt: $80.1 M outstanding (after $5.3 M principal repayments and $20.1 M drawdowns); $11.8 M undrawn capacity remains.
  • Stage 1 Construction Status:
  • Engineering & procurement complete.
  • All major mill components installed; SMP near completion, E&I well advanced.
  • New Caterpillar haul‑truck fleet mobilized for hard‑rock mining.
  • Mill commissioning and first gold pour targeted for Q4‑2025 (commissioning scheduled November 2025).
  • Production Guidance: Company expects 2025 total production of 115,000–130,000 oz; after Stage 1 ramp‑up, 2026 production forecasted at 170,000–185,000 oz.
  • Stage 2 Outlook: Planned increase to 5.5 Mtpa capacity, targeting 225,000–250,000 oz annual production once completed.
  • Operational Metrics (Q3‑2025):
  • Ore processed: 1,523,697 t.
  • Average ore grade: 0.55 g/t Au.
  • Plant recovery: 87.0 %.
  • Management Comment: President & CEO Patrick Downey noted Q3 production was slightly below plan due to rain‑related access issues but expects a strong Q4 and higher head grades post‑rainy season.

Notable Quotes

“Q3 production was slightly below plan as a result of unseasonably longer duration rainfall events… The Company expects a strong Q4, with improved mining access and higher overall head grades… Stage 1 commissioning is scheduled for November and will mark a material transformation for Bomboré.” – Patrick Downey, President & CEO.

Read the original news release →

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