Canada's Orezone Q1 revenue more than doubles

Orezone Gold

13/05/2026 21:08

Overview

Canadian gold producer's Q1 revenue more than doubled yr/yr on expanded production and Casa Berardi acquisition

Adjusted EPS for Q1 rose to $0.07, up from $0.04 a year ago

Company completed Casa Berardi mine acquisition, transforming into a multi-mine gold producer

Outlook

Orezone sees Bomboré 2026 gold production at 160,000-180,000 oz

Company expects Bomboré 2026 AISC of $2,100-$2,300/oz

Guidance for Casa Berardi in 2026 to be provided in June

Result Drivers

EXPANDED PRODUCTION - Q1 gold output rose due to Bomboré hard rock expansion and initial Casa Berardi contribution

HIGHER GOLD PRICES - Revenue and earnings benefited from a 71% increase in realized gold price yr/yr

SUPPLY CHAIN DISRUPTIONS - Lower head grades and production at Bomboré in Q1 due to emulsion delivery shortfalls and regulatory changes

Company press release: ID:nGNX2DXHPV

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$185.90 mln
Q1 Adjusted EPS
Beat
$0.07
$0.05 (2 Analysts)
Q1 EPS
$0.07
Q1 Adjusted Net Income
$42.90 mln
Q1 Net Income
$39.60 mln
Q1 Adjusted Cash Flow
$189.40 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the gold peer group is "buy"

Wall Street's median 12-month price target for Orezone Gold Corp is C$3.75, about 54.3% above its May 12 closing price of C$2.43

The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 3 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)