• Consolidated gold production was 59,674 ounces in the third quarter, compared with 58,566 ounces in the second quarter.
  • Bomboré produced 40,562 ounces and Casa Berardi contributed 19,112 ounces, with the average realised gold price at US$4,174 per ounce sold.
  • Third-quarter financial results are due on 16 November 2026 after market close, with a conference call the same day.

Orezone Gold Corporation (ASX:ORE; TSX:ORE) has reported production for the three and nine months ended 30 September 2026. Consolidated gold production in the third quarter was 59,674 ounces, which the company describes as record production of just under 60,000 ounces. The company says it expects the fourth quarter to be another record and has reiterated its 2026 production guidance, although the release gives no guidance figures. All dollar amounts in the release are in US dollars.

Consolidated results

Gold produced was 59,674 ounces in the third quarter, compared with 58,566 ounces in the second quarter and 38,789 ounces in the first, giving 157,029 ounces for the nine months. Gold sold was 56,461 ounces in the third quarter and 155,077 ounces for the nine months. The average realised gold price was US$4,174 per ounce sold in the third quarter, compared with US$4,400 in the second quarter and US$4,887 in the first. The nine-month average was US$4,437. The company notes that these prices include the effect of the Franco-Nevada streaming agreement, under which 1,625 ounces were sold at 20 per cent of the spot gold price in each of the second and third quarters.

Bomboré

At Bomboré, 100 per cent owned, the third quarter produced 40,562 ounces from 2,542,463 tonnes of ore milled at a head grade of 0.57 grams per tonne, with 39,205 ounces sold. The company says tonnes mined exceeded plan, with waste stripping focused on the high-grade P17 pit, and that additional high-grade direct feed ore access is scheduled for the fourth quarter. Orezone reports that the oxide and hard rock circuits operated above nameplate design capacity, with recoveries in line with expectations.

Casa Berardi

Casa Berardi in Quebec contributed 19,112 ounces in the third quarter from 356,619 tonnes milled at a head grade of 1.87 grams per tonne, with 17,256 ounces sold. The asset reflects production only since the Acquisition date of 25 March 2026, so the nine-month figures of 40,841 ounces produced cover just part of the period.

Operations were suspended for seven days in July because of local wildfire activity. Mill throughput nevertheless averaged 4,195 tonnes per day against a plan of 3,900, and gold recovery averaged 89 per cent against a planned 84 per cent. Waste stripping at the F160 pit was completed in the quarter, and the company expects the fourth quarter to be the strongest production quarter of the year. Seven of eight planned 2026 mobile equipment units have been delivered so far.

The company also referred to a third-quarter life-of-mine study for Casa Berardi, which indicates a 14-year mine life, average annual production of 116,000 ounces and an All-In Sustaining Cost of US$1,877 per ounce. All-in sustaining cost is a non-IFRS measure, and the company says non-IFRS measures are reconciled in its management discussion and analysis dated 12 August 2026.

Management and upcoming events

Orezone announced two appointments: Sophie Bertrand as Vice President, Sustainability, from 1 October 2026, and Christian Bruneau as Vice President and General Manager of Orezone Quebec, from 28 September 2026.

The company will release its third-quarter financial results on Monday 16 November 2026 after market close, with a conference call that day in North America. Conflicting call times in the release require company confirmation.

Conditions and risks

The production figures are operating data rather than audited financial results, and the fourth-quarter expectation and guidance are forward-looking statements that depend on Mining conditions, equipment delivery and weather, as the July wildfire suspension showed. Realised prices have fallen from the first quarter to the third quarter in the table provided. The release also lists exploration results from Bomboré and Casa Berardi and a preliminary economic assessment for the Heva-Hosco project in Quebec as upcoming catalysts, without giving dates.