OREMAVEN
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2026-11-06
◂ Monitor ORE ASX

Orezone Gold Corporation

Ramping Producer · Gold · BF · CA Rating locked: sign in to view v8 · ore-20261024t212247-full
Last 2026-11-06
A$2.9
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$1.9B
EV
A$1.9B
Cash
US$96.7M
Debt
US$99.8M
3 newer ASX announcements not yet reflected in this valuation

Portfolio detail

Assets

5 assets

Core asset

Bomboré

BF

Ramping Producer85% ownedGoldSilver

Oxide and Stage 1 hard-rock production; Stage 2A construction, Stage 2B under review.

Producer · Ramping producer
Production annualised (attributable)
129.4k ozd
Production (last FY, 100%)
110.0k oz
AISC (latest quarter)
A$3,209/ozd
AISC margin at spot
45.2%m
Delivery vs guidance
NM
Reserve life
21.8 yrsd
Head grade
0.55 g/t
Resources & reserves6
TypeCategoryQuantityGradeContained mineralsDate
Mineral ResourceMeasured and Indicated plus Inferred199.3M t0.797 g/t Au; 5,125 koz contained, 4,515 koz M&IGold2023-03-28
Mineral ResourceMeasured27.5M t0.79 g/t Au; 701 koz containedGold2023-03-28
Mineral ResourceIndicated151.7M t0.78 g/t Au; 3,814 koz containedGold2023-03-28
Mineral ResourceMeasured and Indicated179.3M t0.78 g/t Au; 4,515 koz containedGold2023-03-28
Mineral ResourceInferred20M t0.95 g/t Au; 610 koz containedGold2023-03-28
Ore ReserveProven and Probable103.5M t.72 g/t Au; 2403 koz contained including oxide stockpileGold2023-03-28
Tenements1
ten-bomb-mineGranted28.9 km2 · 2027-07-29
Permits & approvals1
PermitJurisdictionStatusExpiryCritical path
Additional 7.65km2 mining permit expansion; ESIA approved March 2025Burkina FasoPending—Yes

Core asset

Casa Berardi

CA

Producer100% ownedGold

Acquired March 25 2026; operating underground and open pits with PEA expansion plan.

Producer · Producer
Production annualised (attributable)
82.0k ozd
Production (last FY, 100%)
—
AISC (latest quarter)
A$3,603/ozd
AISC margin at spot
38.5%m
Delivery vs guidance
NM
Reserve life
NM
Head grade
2.01 g/t
Published study economicsIssuer or study metrics
NPVUS$1B5% discount
Operating cost1,877USD/oz AISC

Gross 100%; LOM gold deck 4632/4518/4378/3570 USD 2027/2028/2029/2030+; USD962m lifetime capital is not initial growth funding.

Resources & reserves5
TypeCategoryQuantityGradeContained mineralsDate
Mineral ResourceMeasured and Indicated plus Inferred27.5M t3.301 g/t Au; 2,923 koz contained, 2,528 koz M&IGold2026-06-30
Mineral ResourceMeasured10.1M t3.30 g/t Au; 1,074 koz containedGold2026-06-30
Mineral ResourceIndicated14.6M t3.09 g/t Au; 1,454 koz containedGold2026-06-30
Mineral ResourceMeasured and Indicated24.7M t3.18 g/t Au; 2,528 koz containedGold2026-06-30
Mineral ResourceInferred2.8M t4.37 g/t Au; 395 koz containedGold2026-06-30
Economic studies1
StudyStageStatusDateSummary
September 2026 life-of-mine PEAOperating PlanCurrent2026-09-15Fourteen years 2027-2040, 1.630Moz recovered, no mineral reserves, includes inferred resources. Source NPV5 USD1046m net of gold stream and terminal closure.

Other

Heva-Hosco

CA

Resource Stage100% ownedGold

Acquired exploration portfolio; preliminary economic assessment guided for Q4 2026, historical resources not promoted to current.

Resource / scoping · Resource stage
Contained metal (attributable)
—
Resource grade
—
% Measured + Indicated
—
Resource tonnes
—
Our value per attrib. contained unit
Locked
Mining method
—

Other

Duverny

CA

Early Explorer100% ownedGold

Acquired Quebec exploration interest; no current standalone study in reviewed evidence.

Exploration · Early explorer
Ownership
100%
Commodity
Aur
Country
CAr
Best recent intercept (grade x width)
—
Metres drilled (12M)
—
Exploration spend (12M)
—

Other

Opinaca-Wildcat

CA

Early Explorer100% ownedGold

Acquired early exploration interest; current economics not disclosed.

Exploration · Early explorer
Ownership
100%
Commodity
Aur
Country
CAr
Best recent intercept (grade x width)
—
Metres drilled (12M)
—
Exploration spend (12M)
—

d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)