Orezone Gold Corp (TSX:ORE)

Q3 2025 Orezone Gold Corp Earnings Call Transcript

Nov 12, 2025 / 10:00 PM GMT

Release Date Price: C$1.47 (+3.52%)

Transcript

Key Points

Positve

Orezone Gold Corp (ORZCF) is on track to meet its 2025 gold production guidance of 115,000 to 130,000 ounces.
The company reported a strong financial position with cash and bullion at the end of the quarter totaling $104.2 million.
The Hard Rock expansion is on schedule and slightly under budget, with first gold expected in early December.
Orezone Gold Corp (ORZCF) expects a significant increase in gold production by approximately 45% with the startup of phase one hard rock into 2026.
The company maintains a strong balance sheet and anticipates exiting 2025 with a very strong financial position due to strong production and rising gold prices.

Negative

Gold production for Q3 was lower than expected due to weather-related delays, impacting feed grades to the mill.
All-in sustaining costs have been revised upwards to $1,700 to $1,800 per ounce due to higher government royalties and a stronger local currency.
The company experienced a delay in gold shipment due to weather, affecting Q3 revenue and earnings.
Mining operations were affected by longer than average rainfall, delaying access to higher-grade zones.
There is uncertainty regarding the timeline for stage two expansion due to ongoing negotiations with the WA government, which may affect the schedule.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ORE.TO - Orezone Gold Corp
Q3 2025 Orezone Gold Corp Earnings Call
Nov 12, 2025 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by. My name is Jordan and I'll be your conference operator today. At this time, I'd like to welcome everyone to the Aurozone 3rd quarter 2025 results webcast and conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press star, followed by the number one on your telephone keypad. If you would like to withdraw your question, press one again.

Thank you. I'd now like to turn the call over to Patrick Downey, President and CEO. Please go ahead.

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Unidentified_2

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