Orezone Reports Q2 2026 Production and Provides Casa Berardi Operations Update
Orezone reports in-line Q2 production with subdued Bomboré grades, a H2 rebound expected, and a Casa Berardi ramp on track.
Orezone Gold Corporation reported second-quarter 2026 production of 58,566 ounces of gold, marking its first full quarter as a multi-mine producer following the March 2026 acquisition of Casa Berardi. The company produced 38,063 ounces from Bomboré and 20,503 ounces from Casa Berardi during the period. For the first half of 2026, total production reached 97,355 ounces.
Realized gold prices averaged $4,400 per ounce in the second quarter and $4,588 per ounce for the first half of the year. At Bomboré, throughput exceeded nameplate capacity, though head grade remained at 0.55 g/t due to revised mining sequencing. The company anticipates stronger performance in the second half of the year once higher-grade P17 hard rock becomes accessible.
Casa Berardi produced 20,503 ounces in the second quarter, operating above plan with throughput of approximately 4,000 tonnes per day and a head grade of 2.01 g/t. Operations at the mine were temporarily suspended on July 10 due to a nearby wildfire. Orezone expects no impact on its 2026 guidance as a result of the suspension. Full financial results for the period will be released on August 12, 2026.
Orezone Gold Corporation (ORE) reported consolidated second-quarter production of 58,566 oz, a figure in line with its annual plan of 220,000–240,000 oz, which is weighted toward the second half of the year. Following 97,355 oz produced in the first half, the company requires between 122,645 oz and 142,645 oz in the second half to meet its guidance. This target is considered plausible if the Bomboré mine sees an improvement in grade and Casa Berardi maintains planned production rates.
The company noted that a suspension of operations due to wildfires was minor and is not expected to impact its annual guidance. Orezone did not provide updated cost guidance, stating that cost data will be released alongside its financial results.
Orezone Gold Corporation is an emerging multi-mine gold producer operating two primary assets. The Bomboré Gold Mine in Burkina Faso is 90% owned and operates as an open-pit facility processing oxide and newly commissioned Stage 1 hard-rock ore at a rate of 2.5 Mtpa. An expansion to Stage 2A, increasing capacity to 5.5 Mtpa, is currently in progress. The mine has issued 2026 guidance of 160–180 koz of gold at an all-in sustaining cost (AISC) of $2,100–2,300/oz.
The company also owns the Casa Berardi Gold Mine in Quebec, Canada, which it acquired on March 25, 2026. This 100% owned asset features operational underground and open-pit mining, processing 1.4 Mtpa. Following the acquisition, Casa Berardi has provided 2026 guidance for 62–67 koz of gold at an AISC of $2,600–2,800/oz.
In addition to its operating mines, Orezone Gold holds a portfolio of exploration properties in Quebec, including Heva-Hosco, Duverny, and Opinaca-Wildcat.