Orezone Gold ( (TSE:ORE) ) has issued an update.
Orezone Gold Corporation reported its Q1-2025 production results and provided an update on the Stage I hard rock expansion at its Bomboré Gold Mine. The company produced 28,688 ounces of gold and achieved a significant safety milestone of 20 million person-hours worked without a Loss Time Injury. The hard rock expansion is progressing ahead of schedule, with first gold pour and mill commissioning expected in Q4-2025. This expansion is set to increase gold production by approximately 45% in 2026. Additionally, Orezone is planning a secondary listing on the Australian Securities Exchange and evaluating an accelerated Stage II expansion to further boost production.
Spark’s Take on TSE:ORE Stock
According to Spark, TipRanks’ AI Analyst, TSE:ORE is a Outperform.
Orezone Gold demonstrates robust financial performance and promising future prospects, underpinned by record revenue and strategic expansions. The strong technical indicators and undervaluation relative to earnings further support a positive outlook. While moderate leverage and rising costs warrant monitoring, the company’s strategic execution and growth trajectory are compelling.
To see Spark’s full report on TSE:ORE stock, click here.
More about Orezone Gold
Orezone Gold Corporation operates in the mining industry, focusing on gold production. The company is primarily engaged in the development and operation of the Bomboré Gold Mine, with a market focus on increasing gold production through strategic expansions.
YTD Price Performance: 75.76%
Average Trading Volume: 560,698
Technical Sentiment Signal: Sell
Current Market Cap: C$605.5M
See more insights into ORE stock on TipRanks’ Stock Analysis page.