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Orezone Gold (TSE:ORE)
TSX:ORE
Earnings Data
Report Date
Mar 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.08Last Year’s EPS
0.06Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 11.69%
|Next Earnings Date:Mar 21, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a positive outlook driven by strong operational achievements, financial robustness, and promising expansion and exploration activities. However, there were notable challenges in the form of elevated costs and operational disruptions due to weather, which tempered the overall enthusiasm.Company Guidance
During Orezone's Q3 2024 earnings call, the management provided comprehensive guidance, highlighting several key metrics. The company's oxide plant is currently operating at a run rate of 5.9 million tonnes per annum, aiming to reach 6 million tonnes. The next stage of expansion is projected to exceed 170,000 ounces per year, with construction underway and first gold expected by mid-2025. In Q3, the company achieved a record throughput of 1.5 million tonnes despite a four-day mill shutdown, resulting in 26,851 ounces produced. The all-in sustaining costs were impacted by heavy rainfall and increased royalties due to high gold prices, with costs revised to $1,400-$1,475 per ounce. Orezone maintains a robust balance sheet with $67 million in cash and $68 million in senior debt, having generated $14.1 million in free cash flow in Q3. The three-year production guidance projects full-year output between 110,000 to 125,000 ounces, with significant growth anticipated in 2025 and 2026 to 170,000 ounces annually, and a longer-term goal of 225,000 to 250,000 ounces as they advance exploration and continue deleveraging the balance sheet.Record Throughput and Production Growth
Achieved a record throughput of 1.5 million tonnes at a run rate of 6 million tonnes per annum despite a 4-day mill shutdown. Gold production in Q3 rose slightly to 26,581 ounces, with an expected increase in Q4.
Strong Cash Flow and Financial Position
Generated free cash flow of $14.1 million in Q3, maintaining a healthy cash balance of $66.9 million. Paid down $5 million in senior debt.
Phase 2 Hard Rock Expansion Progress
Phase 2 expansion fully funded with $85 million estimated CapEx. Project financing secured, and significant progress in procurement and early works.
Exploration Success
Initial drilling results were robust, indicating potential for significant resource expansion beyond current reserves.
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TSE:ORE Earnings History
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
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TSE:ORE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | C$0.77 | C$0.72 | -6.49% |
| Aug 06, 2024 | C$0.67 | C$0.65 | -2.99% |
| May 13, 2024 | C$0.85 | C$0.79 | -7.06% |
| Mar 26, 2024 | C$0.85 | C$0.79 | -7.06% |
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.
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FAQ
When does Orezone Gold (TSE:ORE) report earnings?
Orezone Gold (TSE:ORE) is schdueled to report earning on Mar 21, 2025, TBA Not Confirmed.
What is Orezone Gold (TSE:ORE) earnings time?
Orezone Gold (TSE:ORE) earnings time is at Mar 21, 2025, TBA Not 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 2024 (Q4) is 0.08.
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