The earnings call presented a solid operational quarter with positive production and financial metrics, successful strategic initiatives like the ASX listing and progress on expansion projects. However, external factors led to increased costs, impacting free cash flow. Overall, the positive aspects slightly outweigh the challenges.

Company Guidance

In the Orezone Q2 2025 results webcast, the company reported strong metrics, highlighting a gold production of 27,548 ounces, which keeps them on track to meet the annual guidance of 115,000 to 130,000 ounces. The quarter saw gold sales of 28,265 ounces at an average price of $3,338 per ounce, resulting in $94.5 million in revenue. The all-in sustaining costs were $1,830 per ounce, with external factors adding $236 per ounce to the budget. The company ended Q2 with $72.6 million in cash and $31.3 million in undrawn senior debt, totaling available liquidity of $103.9 million. Orezone is advancing its hard rock expansion with Stage 1 commissioning set for Q4 2025, aiming to boost production to 170,000 to 180,000 ounces annually by 2026. Additionally, a successful AUD 75 million IPO will aid in accelerating Stage 2 expansion, targeting 220,000 to 250,000 ounces per year by 2027. The company's financial performance was robust, with adjusted EBITDA of $45.5 million and adjusted earnings per share of $0.04. Despite a negative free cash flow of $27.2 million due to significant investment in expansion, the company remains well-funded for future growth.

Solid Gold Production and Sales

Gold production was 27,548 ounces, on track to achieve the annual guidance of 115,000 to 130,000 ounces. Gold sales were 28,265 ounces at an average realized price of $3,338 per ounce, generating $94.5 million in revenue.

Strong Financial Position

The company ended the quarter with $72.6 million in cash and undrawn senior debt of $31.3 million, providing total liquidity of $103.9 million.

Successful ASX Listing and IPO

Orezone commenced trading on the ASX under the ticker ORE and closed a AUD 75 million IPO to accelerate Stage 2 expansion.

Progress on Hard Rock Expansion

The hard rock expansion is on schedule and budget, with Stage 1 commissioning planned for Q4 2025, and Stage 2 construction set to start in 2026.

Record Gold Prices and Strong Earnings

Orezone realized record gold prices in Q2, with earnings from mine operations of $40 million, adjusted EBITDA of $45.5 million, and adjusted earnings attributable to shareholders of $20.6 million.

Orezone Gold (TSE:ORE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:ORE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 18, 2025	2025 (Q3)	0.08 / -	0.028	―	―	―
Aug 13, 2025	2025 (Q2)	0.06 / 0.06	0.014	300.00% (+0.04)	―	―
May 14, 2025	2025 (Q1)	0.06 / 0.04	0.028	45.00% (+0.01)	―	―
Mar 20, 2025	2024 (Q4)	0.07 / 0.08	0.055	50.00% (+0.03)	―	―
Nov 06, 2024	2024 (Q3)	0.05 / 0.03	0.014	100.00% (+0.01)	―	―
Aug 06, 2024	2024 (Q2)	0.03 / 0.01	0.042	-66.67% (-0.03)	―	―
May 13, 2024	2024 (Q1)	0.05 / 0.03	0.097	-71.43% (-0.07)	―	―
Mar 26, 2024	2023 (Q4)	0.04 / 0.06	0.014	300.00% (+0.04)	―	―
Nov 14, 2023	2023 (Q3)	0.03 / 0.01	0	―	―	―
Aug 09, 2023	2023 (Q2)	0.05 / 0.04	0.014	200.00% (+0.03)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:ORE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 13, 2025	C$1.14	C$1.14	0.00%
May 14, 2025	C$1.07	C$1.02	-4.67%
Mar 20, 2025	C$0.99	C$0.93	-6.06%
Nov 06, 2024	C$0.77	C$0.72	-6.49%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Orezone Gold (TSE:ORE) report earnings?

Orezone Gold (TSE:ORE) is schdueled to report earning on Nov 18, 2025, After Close (Confirmed).

What is Orezone Gold (TSE:ORE) earnings time?

Orezone Gold (TSE:ORE) earnings time is at Nov 18, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:ORE EPS forecast?

TSE:ORE EPS forecast for the fiscal quarter 2025 (Q3) is 0.08.

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