Orezone Reports Q2-2025 Production and Hard Rock Expansion Update

Core Viewpoint - Orezone Gold Corporation reported solid Q2-2025 gold production results and provided updates on the stage 1 hard rock expansion at its Bomboré Gold Mine, indicating a strong operational performance and future growth potential [3][4][5]. Q2-2025 Production Results - Gold production for Q2-2025 was 27,548 ounces, slightly down from 28,688 ounces in Q1-2025 [6][7]. - The ore processed was 1,565,022 tonnes with an ore grade of 0.62 g/t, and a plant recovery rate of 87.8% [6][7]. - Gold sales totaled 28,265 ounces at a realized price of $3,338 per ounce, generating revenue of $94.3 million [7]. Stage 1 Hard Rock Construction Update - The stage 1 hard rock expansion is progressing well, with commissioning and first gold pour expected in Q4-2025 [4][9]. - The expansion is designed to process higher-grade hard rock ore and is projected to increase gold production by approximately 45% to 170,000-185,000 ounces in 2026 [4][10]. - Key construction milestones include the completion of engineering and procurement, significant advancements in the foundation work, and readiness of several mining areas for hard rock mining [7][8]. Future Expansion Plans - The company is advancing its application for a secondary listing on the Australian Securities Exchange (ASX), expected in mid-August 2025 [5]. - Plans for a stage 2 hard rock expansion are being accelerated to a 5.5 million tonnes per annum operation, projected to increase overall gold production to 220,000-250,000 ounces per year [5][10].