Orezone Gold pours first gold at Bombore expansion

Executive Summary

• Orezone Gold Corp. has successfully completed the first gold pour from its new 2.5-million-tonne-per-year hard-rock expansion at the Bombore mine.
• The plant commissioning is complete, with mill throughput averaging 78% of nameplate capacity during the first five days of operations.
• Commercial production is expected to be declared in early Q1 2026, marking a significant production increase.

Key Details

• Production Milestone: First gold pour achieved on December 15.
• Plant Performance: Mill throughput averaged 78% of nameplate capacity for the first five days of operations.
• Production Forecast (2026): Overall gold production at Bombore is set to increase by 45%, with total output forecasted between 170,000 and 185,000 ounces.
• Commercial Production Timeline: Expected to be declared in early Q1 2026.
• Project Status: The Stage 1 hard-rock expansion was delivered on time and on budget over a construction period of approximately 12 months.
• Future Expansion: Stage 2 of the hard-rock expansion is currently being advanced, which is forecasted to increase annual production to between 220,000 and 250,000 ounces.

Notable Quotes

• "Commissioning of this plant is now complete, with mill throughput averaging 78 per cent of nameplate capacity for the first five days of operations, resulting in first gold on Dec. 15." — Patrick Downey, President and CEO
• "Commercial production is expected to be declared in early Q1 2026 and will represent a major milestone for Orezone, with overall gold production at Bombore set to increase by 45 per cent to 170,000 to 185,000 ounces in 2026. This will mark a significant cash flow inflection point, underscored by the company's solid balance sheet and record high gold prices." — Patrick Downey, President and CEO