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Update: Orezone Posts Higher Q1 Adjusted Earnings, Revenue; Shares Gain 6%

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(Updates with the stock movement in the headline and last paragraph.)

Orezone (ASX:ORE) reported Thursday first-quarter adjusted earnings of $0.07 per share, up from $0.04 a year earlier.

Analysts polled by FactSet expected earnings of $0.06.

Revenue for the three months ended March 31 was $185.9 million, compared with $82.7 million a year earlier. Analysts surveyed by FactSet expected $178.1 million.

The company expects 2026 gold production at the Bombore Mine of 160,000 to 180,000 ounces, with all-in sustaining costs of $2,100 to $2,300 per ounce of gold sold.

Orezone shares advanced 6% in recent Thursday trade.

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