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Orezone Gold
(TSX:ORE)
Orezone Gold (ORE) vs. S&P 500 (SPY)
Orezone Gold Business Overview & Revenue Model
Orezone Gold Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 271.49M | 43.43M | 0.00 | 0.00 | 0.00 | Gross Profit |
| 126.85M | 16.66M | -257.84K | 0.00 | 0.00 | EBIT |
| 81.92M | 1.37M | -8.41M | -19.19M | -22.52M | EBITDA |
| 111.50M | 4.25M | -8.50M | -18.34M | -21.89M | Net Income Common Stockholders |
| 43.15M | 3.18M | -18.60M | -17.66M | -20.86M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 19.48M | 9.16M | 36.08M | 8.87M | 11.86M | Total Assets |
| 320.08M | 252.28M | 140.50M | 12.99M | 16.78M | Total Debt |
| 93.40M | 122.87M | 46.41M | 167.63K | 230.78K | Net Debt |
| 73.92M | 113.71M | 10.32M | -8.70M | -11.62M | Total Liabilities |
| 173.72M | 181.95M | 86.62M | 3.30M | 3.89M | Stockholders Equity |
| 148.87M | 79.12M | 63.98M | 19.70M | 20.89M |
| Cash Flow | Free Cash Flow | |||
| 35.40M | -99.47M | -82.87M | -17.79M | -21.89M | Operating Cash Flow |
| 79.95M | 6.58M | -5.94M | -17.33M | -20.94M | Investing Cash Flow |
| -43.78M | -105.98M | -76.75M | -286.97K | -427.32K | Financing Cash Flow |
| -25.38M | 74.03M | 108.49M | 14.89M | 774.29K |
Orezone Gold Technical Analysis
Orezone Gold Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | C$3.04B | 19.63 | 26.82% | ― | 77.93% | 236.93% | |
78 Outperform | C$2.38B | 17.52 | 27.15% | ― | 67.54% | ― | |
78 Outperform | C$584.41M | 6.09 | 27.12% | ― | 6.15% | 10.69% | |
66 Neutral | $5.90B | ― | -18.54% | 4.53% | -0.18% | -2195.85% | |
49 Neutral | $1.93B | -1.44 | -21.08% | 3.74% | 0.83% | -29.59% | |
47 Neutral | C$421.27M | ― | -109.44% | ― | ― | 10.27% |
Orezone Gold Earnings Call Summary
Orezone Gold Corporate Events
Orezone Gold Corporation announced a block trade of 40 million shares by Resource Capital Fund VII L.P. to Australian institutional funds, aligning with its plan for a secondary listing on the Australian Securities Exchange by June 2025. This strategic move is expected to enhance Orezone’s market profile and liquidity, increasing the share of Australian institutional investors from the current 14%. RCF remains a significant shareholder, supporting Orezone’s ongoing expansion at the Bomboré Gold Mine.
Spark’s Take on TSE:ORE Stock
According to Spark, TipRanks’ AI Analyst, TSE:ORE is a Outperform.
Orezone Gold’s overall stock score reflects robust financial performance, driven by significant revenue growth and strategic expansions. Strong technical indicators support a positive outlook, although the stock may be overbought short-term. Valuation remains attractive despite the lack of dividends. The company’s strategic execution and growth trajectory are compelling, though monitoring of leverage and costs is advised.
To see Spark’s full report on TSE:ORE stock, click here.
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.
Orezone Gold Corporation has announced the closing of a private placement with Nioko Resources Corporation, which subscribed for over 10.7 million common shares to maintain its 19.6% ownership in the company. The proceeds from this transaction will be used to accelerate the second stage of the hard rock expansion at the Bomboré Gold Mine, additional exploration, and for general corporate purposes, potentially enhancing Orezone’s operational capabilities and market position.
Orezone Gold Corporation reported record revenue and net income for 2024, driven by a significant increase in gold production. The company produced 118,746 ounces of gold, exceeding its guidance, and achieved a revenue of $283.5 million. Orezone is advancing its hard rock expansion project, which is expected to enhance production capacity significantly by 2026. The company is also planning a secondary listing on the Australian Securities Exchange and is well-positioned financially to pursue further strategic investments.
Orezone Gold Corporation announced that Canaccord Genuity Corp. has fully exercised its over-allotment option, resulting in the acquisition of an additional 6,402,450 common shares for C$5,250,009. The proceeds will be used to accelerate the second stage of the hard rock expansion and further exploration at the Bomboré Gold Mine, as well as for general corporate purposes. This development is expected to enhance Orezone’s operational capabilities and strengthen its position in the gold mining industry.
Orezone Gold Corporation announced a C$8.8 million private placement with Nioko Resources Corporation to maintain Nioko’s 19.9% ownership in Orezone. This investment is seen as a strong endorsement of Orezone’s growth and marketing strategy, as the company advances its dual listing on the Australian Securities Exchange and progresses with its hard rock expansion and exploration activities at the Bomboré Gold Mine. The proceeds will be used to accelerate these projects and for general corporate purposes, with the placement expected to complete in March, subject to TSX approval.
Orezone Gold Corporation announced it will release its 2024 year-end and fourth quarter results on March 20, 2025, followed by a conference call and webcast. This announcement is significant as it provides insights into the company’s financial performance and strategic direction, particularly in relation to its ongoing expansion efforts at the Bomboré Gold Mine, which are crucial for increasing production capacity and enhancing its market position.
Orezone Gold Corporation has successfully completed a C$35 million bought deal financing, issuing over 42 million common shares at C$0.82 each. The proceeds will be used to accelerate the Stage II hard rock expansion and further exploration at the Bomboré Gold Mine, as well as for general corporate purposes. This financing positions Orezone to enhance its production capabilities and explore additional opportunities, potentially strengthening its market position and delivering value to stakeholders.
Orezone Gold Corporation announced a C$35 million bought deal offering, involving the sale of over 42 million common shares at C$0.82 each, aimed at funding the expansion of its Bomboré Gold Mine and supporting additional exploration activities. This financing move underscores the company’s strategic focus on accelerating its development projects and strengthening its market position in the gold mining sector.
Orezone Gold Corporation has announced plans to accelerate the Stage II hard rock expansion at its Bomboré Gold Mine by two years, aiming to boost production to 220,000-250,000 ounces annually by late 2026. The company also intends to dual list on the Australian Securities Exchange to access a broader investor base and enhance capital markets presence. These initiatives aim to maximize free cash flow and expand Orezone’s production base, enhancing its strategic positioning in the gold mining industry.