Orezone Gold Corporation reported record quarterly gold production of 58,566 ounces for the second quarter of 2026, driven by the first full quarter of contributions from the Casa Berardi mine in Canada following its acquisition on March 25, 2026.

The production figure compares with 30,407 ounces produced in the fourth quarter of 2025 at an all-in sustaining cost of $1,942 per ounce. For the second quarter of 2026, AISC rose to $2,449 per gold ounce sold.

“The second quarter marked an important milestone for Orezone with our first full quarter as a two-mine gold producer following the acquisition of Casa Berardi. Both operations performed in line with expectations, delivering strong financial results and robust cash flow. At Bomboré, we continued advancing the Stage 2A hard rock expansion, while at Casa Berardi, we continued laying the foundation for long-term value through operational improvements, underground development, and exploration.” 

— Patrick Downey, President and CEO

Gold sales for the quarter totaled 60,654 ounces at an average realized price of $4,401 per ounce. The operations generated record revenue of $271.6 million and Adjusted EBITDA of $134.5 million. Net earnings attributable to shareholders reached $45.2 million, or $0.07 per basic share.

Operating cash flow totaled $109.3 million during the period. Orezone finished the quarter with $96.7 million in cash and 5,354 ounces of bullion on hand with a market value of $21.2 million.

At the Bomboré mine in Burkina Faso, engineering and procurement for the Stage 2A Hard Rock Expansion are substantially complete. Commissioning remains on schedule for October 2026, with construction completion targeted for the third quarter of 2026.

Orezone maintains its consolidated full-year 2026 guidance of 222,000 to 247,000 ounces of gold at an AISC of $2,200 to $2,400 per ounce sold.

The company expects to release a Life-of-Mine Study for Casa Berardi in September 2026.

Read the full announcement: Orezone Gold Reports Second Quarter 2026 Results