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ASX:ORE

9 stories mentioning ASX:ORE

Every FINWIRES story that references ASX:ORE, newest first.

Asia

Orezone Gold's Newly Acquired Québec Gold Mine May Outperform Expectations, Says Euroz Hartleys

Orezone Gold's (ASX:ORE) newly acquired Québec-based Casa Berardi gold mine is ramping up production and exploration and has the potential to outperform expectations, Euroz Hartleys said in a note on Wednesday.The acquisition, completed in March, builds on Orezone's existing operating assets and solidifies its position as a diversified, multi-asset gold producer, the firm said.The project has four active rigs, and a fifth set to arrive, as the company plans to drill around 40,000 meter to 60,000 meter. This is expected to extend to up to 100,000 meter per annum in the coming years, supporting open pit expansion potential and future underground growth opportunities.Casa Berardi production guidance is expected in the second quarter of 2026, including a target to return production to historical levels of 140,000 ounces to 150,000 ounces per annum. Euroz Hartleys projects production of 55,000 ounces in 2026.The investment firm maintained its speculative buy rating and price target of AU$4.30.

ASX:ORE
Asia

Orezone Gold Identifies Gold Mineralization at Canada Project

Orezone Gold (ASX:ORE) said it identified gold mineralization during a recent drilling at its recently acquired Casa Berardi gold mine in Quebec, Canada, according to a Wednesday Australian bourse filing.The results were up to 6.5 grams per tonne gold over 21.5 meters, including 8.9 grams per tonne gold over 12.7 meters.The company plans to complete 40,000 to 60,000 meters of exploration drilling at Casa Berardi this year, with plans to ramp up to a sustainable 80,000 to 100,000 meters per year going forward, it added.

ASX:ORE
Asia

Orezone Exits Q1 With Clear Production Growth Pathway, Euroz Hartleys Says

Orezone (ASX:ORE) has a clear production growth pathway following its first-quarter results and the completion of its Hecla Quebec acquisition, Euroz Hartleys said in a Thursday note.The company's Bomboré gold mine in Burkina Faso delivered a stage 1 hard rock expansion on time and within budget, reflecting strong execution by the operating team, while overall mill performance surpassed expectations despite the impact of intermittent emulsion supply, the equity research firm said.Bomboré is well-positioned for a stronger second half as emulsion supply issues have been resolved and a stage 2A expansion remains on schedule for completion late in the third quarter, supporting higher and more stable production, the investment firm said.Meanwhile, the Casa Berardi gold mine in Canada is also ramping up, "providing a second growth platform with scope to outperform expectations," Euroz Hartleys said.It maintained a speculative buy recommendation on Orezone while lowering its price target to AU$4.30 per share from AU$4.35.

ASX:ORE
Asia

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

(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.

ASX:ORE
Asia

ASX Preview: Australian Shares Set to Fall as Oil Weakens; Xero Swings to Fiscal Year 2026 Loss, Posts Higher Revenue

Australian shares are poised to fall on Thursday as weaker oil prices, concerns over possible US interest rate hikes, and heightened geopolitical tensions surrounding Iran and US-China talks in Beijing weigh on global risk sentiment.Overnight, the S&P 500 and the Nasdaq Composite rose 0.6% and 1.2% respectively, while the Dow Jones Industrial Average fell 0.1%.In the macroeconomy, investors are eyeing the release of the Melbourne Institute consumer inflation expectations report.In corporate news, Xero (ASX:XRO) reported on Thursday a fiscal year 2026 loss of NZ$0.19 per share on revenue of NZ$2.75 billion, compared with earnings of NZ$1.47 on revenue of NZ$2.1 billion a year earlier.Orezone (ASX:ORE) reported Thursday first-quarter adjusted earnings of $0.07 per share on revenue of $185.9 million, compared with adjusted earnings of $0.04 on revenue of $82.7 million a year earlier.Australia's benchmark index fell 0.5% or 40.3 points to close at 8,630.40 on Wednesday.

ASX 200ASX:OREASX:XRO
Asia

Orezone Appoints Marc-Andre Pelletier as Chief Operating Officer

Orezone (ASX:ORE) appointed Marc-Andre Pelletier as chief operating officer, effective June 1, according to a Thursday filing with the Australian bourse.Pelletier has more than 30 years of experience in open pit and underground gold mine operations, including as the COO at Wesdome Gold Mines.

ASX:ORE
Asia

Orezone Posts Higher Q1 Adjusted Earnings, Revenue

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.

ASX:ORE
Asia

Orezone Set for a Stronger Second Half, Says Euroz Hartleys

Orezone (ASX:ORE) is poised for a stronger second half of 2026 after easing emulsion supply issues and the closing of Casa Berardi acquisition in March, which is ramping up production and exploration, Euroz Hartleys said in a note on Monday.In the first quarter, the company's gold production rose 24% quarter-on-quarter to 38,789 ounces, even as performance was slightly affected by intermittent emulsion deliveries required for planned hard rock blasting, leading to lower grades in contrast to better-than-expected mill performance.The company kept its Bomboré operations 2026 gold production guidance unchanged at 160,000 ounces to 180,000 ounces, in line with Euroz Hartleys' estimate of 173,000 ounces.The investment firm reaffirmed its speculative buy rating and raised its price target to AU$4.35 from AU$4.25.

ASX:ORE
Asia

Orezone Gold Posts Higher Q1 Gold Production

Orezone Gold (ASX:ORE) reported consolidated gold production of 38,789 ounces for the three months ended March 31, up on last year's 28,688 ounces, according to a Friday filing with the Australian bourse.Gold sales were 37,962 ounces at an average realized gold price of $4,887 per ounce during the quarter, compared with 28,943 ounces at an average realized gold price of $2,851 per ounce in the same period last year, the filing said.

ASX:ORE