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Orezone Gold ( (TSE:ORE) ) has provided an announcement.
Orezone Gold reported fourth-quarter 2025 gold production of 30,407 ounces at all-in sustaining costs of $1,942 per ounce, generating revenue of $130.5 million and adjusted EBITDA of $63 million. The company ended the year with $98 million in cash, and the completion and commissioning of its Stage 1 hard rock plant expansion at the Bomboré mine set the stage for higher 2026 output and stronger free cash flow.
Management highlighted that commercial production from the hard rock expansion was declared in January 2026, which is expected to materially boost mine earnings as more hard rock reserves are processed. Orezone also closed its acquisition of the Casa Berardi gold mine and Quebec exploration properties from Hecla Mining, adding a second producing asset in a top-tier jurisdiction and enhancing its growth profile as it aims to evolve into an intermediate gold producer.
The most recent analyst rating on (TSE:ORE) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on Orezone Gold stock, see the TSE:ORE Stock Forecast page.
Spark’s Take on ORE Stock
According to Spark, TipRanks’ AI Analyst, ORE is a Neutral.
The score is driven primarily by improving profitability and deleveraging, plus a constructive 2026 outlook with expected lower growth capex and higher production. Offsetting factors are 2025 cash-flow weakness (negative free cash flow and weaker cash conversion) and currently soft technical momentum (below short/mid-term moving averages with negative MACD). Valuation is supportive via a low P/E, though there is no dividend yield.
To see Spark’s full report on ORE stock, click here.
More about Orezone Gold
Orezone Gold Corporation is a gold mining company listed in Toronto, Australia and on OTC markets, with its flagship Bomboré mine and a growing portfolio of assets. The company focuses on expanding production through hard rock processing at Bomboré and has now added the Casa Berardi gold mine in Quebec, strengthening its position as an emerging intermediate producer in established mining jurisdictions.
Average Trading Volume: 2,796,589
Technical Sentiment Signal: Buy
Current Market Cap: C$1.43B
For an in-depth examination of ORE stock, go to TipRanks’ Overview page.

