- Last 2026-11-06
- A$2.9
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- 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
- Updated Life-of-Mine Plan (PEA), Casa Berardi MineRecent Project Economic Study
- Notification regarding unquoted securities - OREPost Cash Checkpoint Security Event
- Notification regarding unquoted securities - OREPost Cash Checkpoint Security Event
Investment view
Rating locked: sign in to viewOur rating, thesis and what the price implies are available to subscribers.
Sign in or enter a guest codeAnnouncements
Latest 12 of 4All sources ▸Event calendar · next 12 months
6 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| Q4 2026 target | Casa F134/F160 permit amendments | Permitting | Company Guided | High | Observable delivery affects mine cash generation, funding, dilution or confidence in the underwriting case. |
| Q4 2026 target | Heva-Hosco preliminary economic assessment | Study | Company Guided | High | Observable delivery affects mine cash generation, funding, dilution or confidence in the underwriting case. |
| October 2026 target | Bombore Stage 2A commissioning | Construction Or Commissioning | Company Guided | High | Observable delivery affects mine cash generation, funding, dilution or confidence in the underwriting case. |
| October 15, 2026 | Convertible note maturity | Financing | Company Guided | High | Observable delivery affects mine cash generation, funding, dilution or confidence in the underwriting case. |
| Q1 2027 target | Bombore updated resource and reserve | Resource Or Reserve | Company Guided | High | Observable delivery affects mine cash generation, funding, dilution or confidence in the underwriting case. |
| Mining permit expires July 29, 2027 | Bombore permit renewal | Permitting | Confirmed | High | Observable delivery affects mine cash generation, funding, dilution or confidence in the underwriting case. |
Executive roster
As of 2026-10-13Background checks ▸Dated AIF officer baseline plus May13 appointments; website-only undated leadership snapshot excluded from current reconciliation.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Patrick Downey | President, CEO and Director | Chief Executive · Executive Director | — | Annual information form for FY2025, dated March 31 2026 |
| Peter Tam | EVP and CFO | Finance | — | Annual information form for FY2025, dated March 31 2026 |
| Marc-André Pelletier | Chief Operating Officer | Operations | — | Management appointments |
| Ryan Goodman | SVP General Counsel | Senior Management | — | Annual information form for FY2025, dated March 31 2026 |
| Kevin MacKenzie | SVP Corporate Development | Commercial | — | Management appointments |
| Jean-François Ravenelle | VP Exploration | Technical | — | Management appointments |
| Dale Tweed | VP Engineering | Technical | — | Annual information form for FY2025, dated March 31 2026 |
| Rob Henderson | VP Technical Services | Technical | — | Annual information form for FY2025, dated March 31 2026 |
| Gareth Withers | VP Finance | Finance | — | Annual information form for FY2025, dated March 31 2026 |
| Amanda Mallough | VP Investor Relations | Commercial | — | Management appointments |
| Chris McLean | SVP Finance and Administration, Orezone Quebec | Finance | — | Management appointments |
devCoverage status: Partial
Portfolio detail
Assets
Core asset
Bomboré
BF
Oxide and Stage 1 hard-rock production; Stage 2A construction, Stage 2B under review.
- 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
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Measured and Indicated plus Inferred | 199.3M t | 0.797 g/t Au; 5,125 koz contained, 4,515 koz M&I | Gold | 2023-03-28 |
| Mineral Resource | Measured | 27.5M t | 0.79 g/t Au; 701 koz contained | Gold | 2023-03-28 |
| Mineral Resource | Indicated | 151.7M t | 0.78 g/t Au; 3,814 koz contained | Gold | 2023-03-28 |
| Mineral Resource | Measured and Indicated | 179.3M t | 0.78 g/t Au; 4,515 koz contained | Gold | 2023-03-28 |
| Mineral Resource | Inferred | 20M t | 0.95 g/t Au; 610 koz contained | Gold | 2023-03-28 |
| Ore Reserve | Proven and Probable | 103.5M t | .72 g/t Au; 2403 koz contained including oxide stockpile | Gold | 2023-03-28 |
Tenements1
Permits & approvals1
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Additional 7.65km2 mining permit expansion; ESIA approved March 2025 | Burkina Faso | Pending | — | Yes |
Core asset
Casa Berardi
CA
Acquired March 25 2026; operating underground and open pits with PEA expansion plan.
- 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
Gross 100%; LOM gold deck 4632/4518/4378/3570 USD 2027/2028/2029/2030+; USD962m lifetime capital is not initial growth funding.
Resources & reserves5
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Measured and Indicated plus Inferred | 27.5M t | 3.301 g/t Au; 2,923 koz contained, 2,528 koz M&I | Gold | 2026-06-30 |
| Mineral Resource | Measured | 10.1M t | 3.30 g/t Au; 1,074 koz contained | Gold | 2026-06-30 |
| Mineral Resource | Indicated | 14.6M t | 3.09 g/t Au; 1,454 koz contained | Gold | 2026-06-30 |
| Mineral Resource | Measured and Indicated | 24.7M t | 3.18 g/t Au; 2,528 koz contained | Gold | 2026-06-30 |
| Mineral Resource | Inferred | 2.8M t | 4.37 g/t Au; 395 koz contained | Gold | 2026-06-30 |
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| September 2026 life-of-mine PEA | Operating Plan | Current | 2026-09-15 | Fourteen 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
Acquired exploration portfolio; preliminary economic assessment guided for Q4 2026, historical resources not promoted to current.
- Contained metal (attributable)
- —
- Resource grade
- —
- % Measured + Indicated
- —
- Resource tonnes
- —
- Our value per attrib. contained unit
- Locked
- Mining method
- —
Other
Duverny
CA
Acquired Quebec exploration interest; no current standalone study in reviewed evidence.
- Ownership
- 100%
- Commodity
- Aur
- Country
- CAr
- Best recent intercept (grade x width)
- —
- Metres drilled (12M)
- —
- Exploration spend (12M)
- —
Other
Opinaca-Wildcat
CA
Acquired early exploration interest; current economics not disclosed.
- 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)
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
June cash of USD96.674m compares with remaining 2026 gross growth capital of USD31.2m and sustaining capital of USD43.1m at upper guidance. Funding depends on operating cash and conversion of the USD35m notes. Current liabilities of USD257.770m exceed current assets of USD243.547m. Stage 2B has no committed funding in the reviewed evidence.
Inventory composition4
USD206.860m gross carrying value includes USD108.087m non-current ore stockpiles. No inventory cash uplift assumed; cash excludes rehabilitation restricted balance.
- Ore stockpiles
- US$150.3M carrying
- Supplies
- US$34.3M carrying
- Finished bullion
- US$5.2M carrying
- Gold in circuit
- US$17.1M carrying
Capital structure
Ownership and dilution
- Ordinary shares
- 668.1M
- Fully diluted
- 743.4M
August 12 worldwide common shares of 668,102,990 plus 18,702,791 options, 4,942,393 RSUs, 1,694,071 DSUs and 50,000,000 potential convertible shares equal 743,442,245 fully diluted shares. June common shares of 667,219,276 reconcile to 598,260,121 opening shares plus 65,757,265 acquisition shares, 2,351,666 options exercised, 542,486 RSUs and 307,738 DSUs. June 735,112,000 is the weighted diluted EPS denominator. Cash settled PSUs are excluded; registered CDIs are already represented in the worldwide common shares.
Security classes5
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Worldwide common shares including ASX underlying CDIs | Ordinary Share | 668.1M | — | — |
| Outstanding stock options; exercise remains conditional on strike and common value. | Option | 18.7M | — | — |
| Restricted share units | Performance Right | 4.9M | — | — |
| Deferred share units | Performance Right | 1.7M | — | — |
| USD35m convertible potential common shares | Convertible | 50M | A$0.7 | 2026-10-15 |
KPI history
Operating metrics · Bomboré
| Metric | Unit | Trend | Q2 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|
| Bombore gold production | oz gold | 27,548 | 37,563 | — |
Operating metric source table14
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| Gold produced | Bombore | Q2 2026 | Quarter | 38,063 oz gold | Reported |
| Gold sold | Bombore | Q2 2026 | Quarter | 38,377 oz gold | Reported |
| Ore processed | Bombore | Q2 2026 | Quarter | 2,484,023 t ore | Reported |
| Head grade | Bombore | Q2 2026 | Quarter | 0.55 g/t | Reported |
| Recovery | Bombore | Q2 2026 | Quarter | 86.1 % | Reported |
| Site AISC | Bombore | Q2 2026 | Quarter | 2,278 USD/oz gold sold | Reported |
| Gold produced | Casa Berardi | Q2 2026 | Quarter | 20,503 oz gold | Reported |
| Gold sold | Casa Berardi | Q2 2026 | Quarter | 22,277 oz gold | Reported |
| Ore processed | Casa Berardi | Q2 2026 | Quarter | 364,284 t ore | Reported |
| Head grade | Casa Berardi | Q2 2026 | Quarter | 2.01 g/t | Reported |
| Recovery | Casa Berardi | Q2 2026 | Quarter | 86.8 % | Reported |
| Site AISC | Casa Berardi | Q2 2026 | Quarter | 2,558 USD/oz gold sold | Reported |
| Bombore gold production | Bombore | Q2 2025 | Quarter | 27,548 oz gold | Reported |
| Bombore gold production | Bombore | Q1 2026 | Quarter | 37,563 oz gold | Source Derived |
Company guidance6
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| Production | bombore | 2026 full year | 160,000 | 180,000 oz gold | Current |
| AISC | bombore | 2026 full year | 2,100 | 2,300 USD/oz gold sold | Current |
| Growth Capital | bombore | 2026 full year | 44,000,000 | 52,000,000 USD | Current |
| Production | casa-berardi | 2026 post-March25 acquisition | 62,000 | 67,000 oz gold | Current |
| AISC | casa-berardi | 2026 post-March25 acquisition | 2,600 | 2,800 USD/oz gold sold | Current |
| Growth Capital | casa-berardi | 2026 post-March25 acquisition | 5,000,000 | 6,000,000 USD | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-03-25 | Debt | US$100M | — | — | Completed | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
Reviewed acquisition, June notes, current operating guidance and AIF obligations, including government interest, royalties, streams, secured financing and mandatory state sales.
Current 15% Burkina Faso free carry gives Orezone 85% Bombore economic interest; old technical annexure 90% is superseded.
Free Carry · Active- Counterparties
- Government of Burkina Faso
- Applies to
- Bomboré · Gold
- Economic direction
- Burden
- Period
- From 2025-08-19; no end date stated
- Key terms
- State interest: 15 %
No valuation treatment is available for this arrangement.
Current uncapped gold royalty sliding scale; the AIF wording is reconciled to the issuer combined burden of 12% at US$4,500 gold in guidance and actual half-year costs.
Royalty · Active- Counterparties
- Government of Burkina Faso
- Applies to
- Bomboré · Gold
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Guidance royalty at USD4500: 12 %
No valuation treatment is available for this arrangement.
50% of Bombore silver; minimum 37,500 ounces annually with first cumulative cash catch-up inQ12028, then annual shortfalls until 375,000 ounces cumulative delivery/payment.
Stream · Active- Counterparties
- EURO Ressources
- Applies to
- Bomboré · Silver
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Silver deliverable: 50 %
Annual minimum: 37,500 oz/year
No valuation treatment is available for this arrangement.
Franco Nevada deposit US$100m received March25; fixed 1,625 ounces quarterly in 2026–2030, 5% of Casa production from 2031 and 20% ongoing spot payment; exploration property stream terms apply if developed.
Stream · Active- Counterparties
- Franco-Nevada
- Applies to
- Casa Berardi · Heva-Hosco · Duverny · Opinaca-Wildcat · Gold
- Economic direction
- Mixed
- Period
- From 2026-03-25; no end date stated
- Key terms
- Cash deposit: 100,000,000 USD
Quarterly Casa deliveries2026-2030: 1,625 oz
Casa2031+: 5 %
Ongoing payment: 20 %
No valuation treatment is available for this arrangement.
Mandatory portion of Burkina Faso production sold to state gold marketer at substantially similar ordinary-course terms; undisclosed quantity prevents a separate price premium or discount.
Offtake · Active- Counterparties
- SONASP
- Applies to
- Bomboré · Gold
- Economic direction
- Burden
- Period
- Dates not stated
No valuation treatment is available for this arrangement.
Nominal deferred US$30m at 18 months and US$50m at 30 months less US$11.486m approved closure offset;5m annual price condition each first2years;20m permit approvals and80/180USD per eligible Principal/WMCP ounce subject caps.
Other · Active- Counterparties
- Hecla Mining
- Applies to
- Casa Berardi · Gold
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Deferred fair value: 56,879,000 USD
Contingent fair value: 36,941,000 USD
Maximum contingent contractual: 241,000,000 USD
No valuation treatment is available for this arrangement.
Phase I at 9% matures in September 2026; Phase II at 11%, with US$59.3m principal at June 30, matures in December 2027 and amortizes monthly; parent guarantee and project collateral.
Other · Active- Counterparties
- Coris Bank
- Applies to
- Bomboré · Gold
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Secured carrying debt: 65,485,000 USD
No valuation treatment is available for this arrangement.
USD35m principal convertible at US$0.70 per common share, October 15 maturity; 8.5% interest plus 2% consent fee. Conversion remains a holder decision.
Other · Active- Counterparties
- Resource Capital Fund VII · Beedie
- Applies to
- Company-wide · Gold
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Principal: 35,000,000 USD
Conversion price: 0.7 USD/share
Maturity: 2026-10-15
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Bear, base and bull values, investment cases, project valuations and the equity bridge are available to subscribers.
Sign in or enter a guest codeResource-price transmission
Sensitivity lab
How our fair value responds to commodity prices and other drivers is available to subscribers.
Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
Orezone has assembled operating, financial and technical leadership around two producing mines. Evidence includes a completed acquisition and commissioning alongside the Bomboré contractor fatality and material prior-employer operating and community matters. Personnel contributions and some subsidiary appointments are not independently established.
Decision-relevant facts
Material summary
Patrick Downey
President, CEO and Director
First stage commissioned and second mine acquired
Orezone declared commercial production on its first Bomboré hard-rock stage in January 2026 and closed its Casa Berardi purchase in March 2026; its 2025 production of 110,014 ounces was below its stated 115,000–130,000 ounce target.
Role overlaps event; causation unproven · Downey was chief executive; the outcome was delivered by the company and wider teams, and direct individual contribution is not quantified.
Contractor fatality at Bomboré
A contractor employee died in a vehicle-related incident at the hard-rock construction site on 8 May 2025. Orezone said it was investigating with contractors and authorities; the 2026 circular reports the incident and reduced the safety-related incentive assessment.
Role overlaps event; causation unproven · Downey was CEO; no personal involvement or individual fault is established.
Evidence gaps · 3
- Independent credentials and complete prior-employer dates and outcomes are not established.
- This limited open-source screening does not exhaust regulatory, court, safety, fraud or environmental records in the relevant jurisdictions.
- A broad person-name query was reused across multiple topic headings; it does not establish that each topic received a separate targeted search.
Peter Tam
EVP and CFO
Nevsun Bisha allegations and subsequent settlement
Eritrean plaintiffs alleged forced labour at Bisha in 2008–2012; Nevsun denied the allegations. Canada’s Supreme Court in 2020 allowed claims to proceed past a motion to strike, not a merits determination; the case was later settled on undisclosed terms. Nevsun’s AIF identifies Tam as VP Finance from November 2015, after the alleged work period; he joined Orezone in 2018.
Employer context; no individual link established · The pleaded period predates the evidenced Nevsun role, and the sources do not establish personal involvement or a finding against Tam.
Evidence gaps · 3
- Independent credentials and complete prior-employer dates and outcomes are not established.
- This limited open-source screening does not exhaust regulatory, court, safety, fraud or environmental records in the relevant jurisdictions.
- A broad person-name query was reused across multiple topic headings; it does not establish that each topic received a separate targeted search.
Marc-André Pelletier
Chief Operating Officer
Signed Wesdome safety policy
Pelletier signed Wesdome’s November 2020 health and safety policy as Chief Operating Officer. Orezone states he subsequently joined as its COO on 1 June 2026.
Individual involvement documented · Signature establishes policy role, not independent evidence of its implementation or outcomes.
Evidence gaps · 3
- Independent credentials and complete prior-employer dates and outcomes are not established.
- This limited open-source screening does not exhaust regulatory, court, safety, fraud or environmental records in the relevant jurisdictions.
- A broad person-name query was reused across multiple topic headings; it does not establish that each topic received a separate targeted search.
Ryan Goodman
SVP General Counsel
San Andrés community dispute and company response
Community advocates in 2016 raised concerns over the San Andrés mine’s planned cemetery relocation and treatment of protesters. Goodman signed Aura Minerals’ response disputing the allegations, explaining its position on authorisations and reporting a temporary operating suspension; a later account of the dispute and original court outcome were not established. Later, 2022 independent reporting said Honduras ordered suspension of activities in a project area until a permit was obtained; a 2025 issuer-commissioned technical report says cemetery relocation was completed in 2021 following a court order and compensation. These are distinct accounts; the full court record and later community outcomes were not verified.
Individual involvement documented · The signed 2016 response names Ryan Goodman VP Legal Affairs & Business Development; the later Aura departure release and Orezone prospectus establish a coherent role and identity bridge. These sources establish communication, not personal misconduct or a definitive finding on the allegations.
Evidence gaps · 3
- Independent credentials and complete prior-employer dates and outcomes are not established.
- This limited open-source screening does not exhaust regulatory, court, safety, fraud or environmental records in the relevant jurisdictions.
- A broad person-name query was reused across multiple topic headings; it does not establish that each topic received a separate targeted search.
Kevin MacKenzie
SVP Corporate Development
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- Independent credentials and complete prior-employer dates and outcomes are not established.
- This limited open-source screening does not exhaust regulatory, court, safety, fraud or environmental records in the relevant jurisdictions.
- A broad person-name query was reused across multiple topic headings; it does not establish that each topic received a separate targeted search.
Jean-François Ravenelle
VP Exploration
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- Independent credentials and complete prior-employer dates and outcomes are not established.
- This limited open-source screening does not exhaust regulatory, court, safety, fraud or environmental records in the relevant jurisdictions.
- A broad person-name query was reused across multiple topic headings; it does not establish that each topic received a separate targeted search.
Dale Tweed
VP Engineering
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- Independent credentials and complete prior-employer dates and outcomes are not established.
- This limited open-source screening does not exhaust regulatory, court, safety, fraud or environmental records in the relevant jurisdictions.
- A broad person-name query was reused across multiple topic headings; it does not establish that each topic received a separate targeted search.
Rob Henderson
VP Technical Services
Tucano operational and environmental setbacks
Great Panther temporarily suspended UCS mining in 2021 after pit-wall movement; the Amapá environmental agency issued three notices totalling BRL 50 million after a fish mortality investigation. The company contested causation and sought cancellation. Henderson stepped down as CEO in February 2022; Great Panther entered bankruptcy in December 2022, after his departure.
Role overlaps event; causation unproven · Henderson was CEO during the 2021 issues but had left before bankruptcy. Individual causation is not established and the notices’ final outcome is unverified.
Evidence gaps · 3
- Independent credentials and complete prior-employer dates and outcomes are not established.
- This limited open-source screening does not exhaust regulatory, court, safety, fraud or environmental records in the relevant jurisdictions.
- A broad person-name query was reused across multiple topic headings; it does not establish that each topic received a separate targeted search.
Gareth Withers
VP Finance
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- Independent credentials and complete prior-employer dates and outcomes are not established.
- This limited open-source screening does not exhaust regulatory, court, safety, fraud or environmental records in the relevant jurisdictions.
- A broad person-name query was reused across multiple topic headings; it does not establish that each topic received a separate targeted search.
Amanda Mallough
VP Investor Relations
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- Independent credentials and complete prior-employer dates and outcomes are not established.
- This limited open-source screening does not exhaust regulatory, court, safety, fraud or environmental records in the relevant jurisdictions.
- A broad person-name query was reused across multiple topic headings; it does not establish that each topic received a separate targeted search.
Chris McLean
SVP Finance and Administration, Orezone Quebec
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- Independent credentials and complete prior-employer dates and outcomes are not established.
- This limited open-source screening does not exhaust regulatory, court, safety, fraud or environmental records in the relevant jurisdictions.
- A broad person-name query was reused across multiple topic headings; it does not establish that each topic received a separate targeted search.
Sophie Bertrand
VP Sustainability
Prior sustainability role independently corroborated
New Gold’s 2025 sustainability report release identifies Bertrand as Senior Director, Sustainability; Orezone appointed her VP Sustainability effective 1 October 2026. The announcement records company reporting and does not measure her individual impact.
Individual involvement documented · Source names her and her role; individual attribution to company-wide results is not established.
Evidence gaps · 3
- Independent credentials and complete prior-employer dates and outcomes are not established.
- This limited open-source screening does not exhaust regulatory, court, safety, fraud or environmental records in the relevant jurisdictions.
- A broad person-name query was reused across multiple topic headings; it does not establish that each topic received a separate targeted search.
Christian Bruneau
VP and General Manager, Orezone Quebec
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- Independent credentials and complete prior-employer dates and outcomes are not established.
- This limited open-source screening does not exhaust regulatory, court, safety, fraud or environmental records in the relevant jurisdictions.
- A broad person-name query was reused across multiple topic headings; it does not establish that each topic received a separate targeted search.
Ousseni Derra
General Manager, Orezone Bomboré SA
Bomboré construction fatality and subsequent safety program
Orezone reported a contractor employee died in a vehicle-related incident at its Bomboré hard-rock construction site in May 2025. Dated local reporting identifies Derra as the mine subsidiary’s general manager and records his participation in its October 2026 safety days. The investigation’s final outcome was not located.
Role overlaps event; causation unproven · Derra was identified as general manager; the sources do not establish personal involvement or fault.
Evidence gaps · 4
- Independent credentials and complete prior-employer dates and outcomes are not established.
- This limited open-source screening does not exhaust regulatory, court, safety, fraud or environmental records in the relevant jurisdictions.
- A broad person-name query was reused across multiple topic headings; it does not establish that each topic received a separate targeted search.
- The 8 January 2009 issuer-reported date is his Orezone joining date, not a verified date of appointment as Bomboré general manager.
Georges Zigani
Director, Health and Safety, Orezone Bomboré SA
Bomboré safety milestone and following fatality
Dated local reporting identifies Zigani as Bomboré health and safety director and reports a celebration of 20 million hours without a lost-time incident on 7 May 2025. The next day a contractor died in a vehicle-related construction incident; Orezone reported a continuing investigation. These refer to separate periods, and the milestone does not negate the fatality.
Role overlaps event; causation unproven · Zigani was identified in the safety leadership role; no personal involvement in the incident or causation is established.
Evidence gaps · 3
- Independent credentials and complete prior-employer dates and outcomes are not established.
- This limited open-source screening does not exhaust regulatory, court, safety, fraud or environmental records in the relevant jurisdictions.
- A broad person-name query was reused across multiple topic headings; it does not establish that each topic received a separate targeted search.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-03-25 · 666,464,879 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 61.82% | 412,011,527 | |
| 2 | 15.52% | 103,463,514 | |
| 3 | 9.87% | 65,757,265 | |
| 4 | 6.83% | 45,539,928 | |
| 5 | 4.97% | 33,112,083 | |
| 6 | 0.56% | 3,750,000 | |
| 7 | 0.17% | 1,114,344 | |
| 8 | 0.08% | 534,534 | |
| 9 | 0.06% | 400,000 | |
| 10 | 0.04% | 240,000 | |
| 11 | 0.02% | 100,000 | |
| 12 | 0.01% | 66,666 | |
| 13 | 0.01% | 62,500 | |
| 14 | 0.01% | 58,000 | |
| 15 | 0.01% | 50,000 | |
| 16 | 0.01% | 45,000 | |
| 17 | 0.01% | 35,000 | |
| 18 | 0.01% | 35,000 | |
| 19 | 0.00% | 23,416 | |
| 20 | 0.00% | 22,500 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 19.67%Calc. on issued shares | 2025-04-02 | |
| 12.31%Voting power | 2026-06-12 | |
| 9.87%Voting power | 2026-03-25 | |
| 7.01%Calc. on issued shares | 2025-07-11 |
Sources & review notesEvidence checked through 2026-10-31
Coverage and limitations
- The common-share list includes CHESS Depositary Nominees; underlying CDI owners are not identified and the separate CDI top-20 is not represented by this ordinary-share schema.
- The issuer’s summary names CIG SA as registered holder for Nioko’s 103,463,514 shares whereas its common-share list names Nioko directly; this discrepancy is unresolved.
- The issuer’s summary names Hecla as registered holder of 65,757,265 shares while the common-share list attributes that exact quantity to 1576447 B C Unlimited Liability Company; the relationship requires reconciliation.
- The issuer reports historical Nioko and Equinox quantities with March 2026 percentages based on later issued capital; the dashboard instead shows percentages calculated from shares on issue at the 2025 holding dates.
- ASX substantial-holder disclosures are provided on the issuer’s best knowledge, not a comprehensive register; Canadian filings may contain later positions.
- The March 2026 issuer form has internal capital/distribution discrepancies; figures shown retain the dated registered-holder list and its stated total.
Sources
- Annual Information Form for year ended 31 December 2025
Orezone Gold Corporation via ASX · Published 2026-04-01 · Accessed 2026-10-31
Issuer’s common-share registered holders at 25 March 2026 and historic substantial-holder disclosures.
downloads/ORE/2026/2026-04-01_Annual Information Form - Fiscal Year Ended 31 December 2025.pdf, PDF pages 71–76
- Helikon change in substantial holding
Helikon Investments via ASX · Published 2026-06-16 · Accessed 2026-10-31
82,085,269 fully paid ordinary shares and 12.30723% relevant voting power on 12 June 2026.
downloads/ORE/2026/2026-06-16_Change in substantial holding_f871dad8c56096c8.pdf, pages 1 and 4
- Q2 Financial Statements - 30 June 2025
Orezone Gold Corporation / ASX · Published 2025-08-14 · Accessed 2026-11-06
Ordinary shares on issue: 525,912,246 at 2025-04-02; used as the denominator for calculated substantial-holder percentages.
Note 10: 466,107,137 common shares at 1 January 2025 plus the March bought deal (42,683,000), over-allotment (6,402,450) and 2 April Nioko placement (10,719,659); H1 option and unit redemptions of unstated timing are excluded
- Q2 Financial Statements - 30 June 2025
Orezone Gold Corporation / ASX · Published 2025-08-14 · Accessed 2026-11-06
Ordinary shares on issue: 532,009,981 at 2025-06-30; used as the denominator for calculated substantial-holder percentages.
Statement of changes in equity: common shares at 30 June 2025, before the August 2025 ASX listing issue
Disclosed activity
Insider transactions
Trading activity133 buys · 0 sells shownNet cash last 12 months C$106.3mShow chartHide chart
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2025-11-21 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-11-21As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 487,400 | CAD 627,608.90 | CAD 1.287667Calculated average | — |
| 2025-11-20 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-11-20As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 1,439,500 | CAD 1,897,174.63 | CAD 1.31794Calculated average | — |
| 2025-11-19 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-11-19As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 382,900 | CAD 504,181.66 | CAD 1.316745Calculated average | — |
| 2025-11-18 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-11-18As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 950,000 | CAD 1,251,783.65 | CAD 1.317667Calculated average | — |
| 2025-11-17 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-11-17As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 2,256,367 | CAD 3,002,719.05 | CAD 1.330776Calculated average | — |
| 2025-11-14 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-11-14As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 474,450 | CAD 656,535.84 | CAD 1.383783Calculated average | — |
| 2025-11-14 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-11-14As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 519,683 | CAD 710,713.27 | CAD 1.36759Calculated average | — |
| 2025-11-13 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-11-13As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 1,327,517 | CAD 1,885,040.95 | CAD 1.419975Calculated average | — |
| 2025-11-12 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-11-12As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 135,283 | CAD 199,024.56 | CAD 1.471172Calculated average | — |
| 2025-11-12 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-11-12As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 254,500 | CAD 369,822.09 | CAD 1.453132Calculated average | — |
| 2025-11-11 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-11-11As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 52,000 | CAD 72,441.51 | CAD 1.393106Calculated average | — |
| 2025-11-11 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-11-11As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 310,800 | CAD 429,101.98 | CAD 1.380637Calculated average | — |
| 2025-11-10 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-11-10As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 354,700 | CAD 495,453.83 | CAD 1.396825Calculated average | — |
| 2025-11-07 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-11-07As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 920,875 | CAD 1,215,811.92 | CAD 1.320279Calculated average | — |
| 2025-11-06 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-11-06As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 124,375 | CAD 166,070.22 | CAD 1.335238Calculated average | — |
| 2025-11-05 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-11-05As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 634,750 | CAD 854,643.26 | CAD 1.346425Calculated average | — |
| 2025-11-05 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-11-05As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 400,000 | CAD 538,641.20 | CAD 1.346603Calculated average | — |
| 2025-11-04 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-11-04As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 274,603 | CAD 366,019.98 | CAD 1.332906Calculated average | — |
| 2025-11-04 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-11-04As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 475,307 | CAD 634,281.50 | CAD 1.334467Calculated average | — |
| 2025-11-03 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-11-03As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 13,500 | CAD 18,897.00 | CAD 1.399778Calculated average | — |
| 2025-10-31 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-10-31As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 264,490 | CAD 369,131.50 | CAD 1.395635Calculated average | — |
| 2025-10-30 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-10-30As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 4,800 | CAD 6,707.50 | CAD 1.397396Calculated average | — |
| 2025-10-28 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-10-28As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 97,900 | CAD 135,679.02 | CAD 1.385894Calculated average | — |
| 2025-10-27 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-10-27As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 569,400 | CAD 794,547.59 | CAD 1.395412Calculated average | — |
| 2025-10-24 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-10-24As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 96,502 | CAD 139,690.89 | CAD 1.447544Calculated average | — |
| 2025-10-06 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-10-06As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 64,900 | CAD 101,171.50 | CAD 1.558883Calculated average | — |
| 2025-09-29 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-09-29As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 685,500 | CAD 992,288.67 | CAD 1.44754Calculated average | — |
| 2025-09-25 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-09-25As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 223,277 | CAD 313,453.66 | CAD 1.403878Calculated average | — |
| 2025-09-25 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-09-25As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 441,800 | CAD 622,463.94 | CAD 1.408927Calculated average | — |
| 2025-09-24 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-09-24As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 911,500 | CAD 1,260,792.26 | CAD 1.383206Calculated average | — |
| 2025-09-23 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-09-23As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 352,700 | CAD 492,319.11 | CAD 1.395858Calculated average | — |
| 2025-09-22 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-09-22As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 870,400 | CAD 1,212,668.26 | CAD 1.393231Calculated average | — |
| 2025-09-19 | Helikon Investments and associated reporting entitiesHelikon Long Short Equity Fund Master ICAV
Details & evidence for Helikon Investments and associated reporting entities on 2025-09-19As disclosed: Cash acquisition of fully paid common shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ | PurchaseFully paid common shares | 582,100 | CAD 766,786.35 | CAD 1.317276Calculated average | — |
Disclosed holding observations10 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2026-06-12 | Helikon Investments and associated reporting entities
Details & evidence for Helikon Investments and associated reporting entities on 2026-06-12One group interest; overlapping holder interests are not added.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Change in substantial holding ↗ Change in substantial holding ↗ | PositionFully paid ordinary shares | 82,085,269 | 12.31%Voting Power |
| 2026-05-13 | Equinox Partners Investment Management, LLC
Details & evidence for Equinox Partners Investment Management, LLC on 2026-05-13Issuer-reported principal-holder position; percentage is reported as a percentage of outstanding shares.
reported principal holder · Start not disclosed Notice of Annual General Meeting/Proxy Form ↗ | PositionOrezone common shares | 37,319,423 | 5.60%Issued Shares |
| 2026-05-13 | Hecla Mining Company
Details & evidence for Hecla Mining Company on 2026-05-13Issuer-reported principal-holder position; percentage is reported as a percentage of outstanding shares.
reported principal holder · Start not disclosed 1576447 B.C. Unlimited Liability Company · Direct wholly owned subsidiary; named recipient of the Orezone acquisition-consideration shares. Notice of Annual General Meeting/Proxy Form ↗ | PositionOrezone common shares | 65,757,265 | 9.86%Issued Shares |
| 2026-05-13 | Helikon Investments and associated reporting entities
Details & evidence for Helikon Investments and associated reporting entities on 2026-05-13Issuer-reported principal-holder position; percentage is reported as a percentage of outstanding shares.
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Notice of Annual General Meeting/Proxy Form ↗ | PositionOrezone common shares | 67,199,089 | 10.08%Issued Shares |
| 2026-05-13 | Nioko Resources Corporation
Details & evidence for Nioko Resources Corporation on 2026-05-13Issuer-reported principal-holder position; percentage is reported as a percentage of outstanding shares.
reported principal holder · Start not disclosed Notice of Annual General Meeting/Proxy Form ↗ | PositionOrezone common shares | 103,463,514 | 15.51%Issued Shares |
| 2026-03-19 | Helikon Investments and associated reporting entities
Details & evidence for Helikon Investments and associated reporting entities on 2026-03-19
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Change in substantial holding ↗ Change in substantial holding ↗ Change in substantial holding ↗ | PositionFully paid ordinary shares | 67,199,089 | 11.19%Voting Power |
| 2026-03-13 | Helikon Investments and associated reporting entities
Details & evidence for Helikon Investments and associated reporting entities on 2026-03-13
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Change in substantial holding ↗ Change in substantial holding ↗ Change in substantial holding ↗ | PositionFully paid ordinary shares | 60,224,089 | 10.03%Voting Power |
| 2026-02-20 | Helikon Investments and associated reporting entities
Details & evidence for Helikon Investments and associated reporting entities on 2026-02-20
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Change in substantial holding ↗ Change in substantial holding ↗ Change in substantial holding ↗ | PositionFully paid ordinary shares | 54,039,219 | 9.02%Voting Power |
| 2026-01-06 | Helikon Investments and associated reporting entities
Details & evidence for Helikon Investments and associated reporting entities on 2026-01-06
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Change in substantial holding ↗ Change in substantial holding ↗ Change in substantial holding ↗ | PositionFully paid ordinary shares | 47,867,329 | 8.00%Voting Power |
| 2025-12-03 | Helikon Investments and associated reporting entities
Details & evidence for Helikon Investments and associated reporting entities on 2025-12-03
substantial holder group · Start not disclosed Helikon Long Short Equity Fund Master ICAV · Fund is disclosed registered holder; related entities report overlapping relevant interests. Becoming a substantial holder ↗ Becoming a substantial holder ↗ Becoming a substantial holder ↗ Becoming a substantial holder ↗ Becoming a substantial holder ↗ | ThresholdFully paid common shares | 41,547,339 | 6.95%Voting Power |
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Narrative and provenance
Research & Sources
The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.
Sign in or enter a guest codeChronological evidenceSource-document inventory19 documents
RBA daily exchange rates, foreign currency per AUDMarket Data · HighExtracted
Fresh RBA download independently verifies USD/AUD0.6961 and CAD/AUD0.9933 on October13; period-average flow and balance-date conversions retained as factual starting data.
- Document ID
- doc-ore-20261013-fx
- Published UTC
- 2026-10-13T12:00:00+00:00
- Projects
- —
- Commodities
- gold
Eligible local ORE ASX CDI closing priceMarket Data · HighExtracted
Latest eligible local close: AUD3.22 on 2026-10-13; volume1,874; one global common share equivalent to one ASX CDI. Release date known; timestamp normalized to date boundary, actual release time not available.
- Document ID
- doc-ore-20261013-price
- Published UTC
- 2026-10-13T00:00:00+00:00
- Projects
- —
- Commodities
- gold
Issuer management website snapshot observed October 13, 2026Leadership · LowExtracted
Issuer management page observed 2026-10-13: Sophie Bertrand, VP Sustainability. The webpage has no publication date or appointment date.
- Document ID
- doc-ore-20261013-management-snapshot
- Published UTC
- 2026-10-13T12:00:00+00:00
- Projects
- —
- Commodities
- gold
Australian Government September2026 Resources and Energy QuarterlyMarket Data · HighExtracted
Government gold outlook provides independent nominal and real benchmark curves; table9.1 physical88. Nominal USD4567/4395/4306/4151/4147 for2027-31;2031 realUSD3760 in2026 dollars. Release date known; timestamp normalized to date boundary, actual release time not available.
- Document ID
- doc-ore-20261002-req
- Published UTC
- 2026-10-02T00:00:00+00:00
- Projects
- —
- Commodities
- gold
Casa Berardi life of mine planStudy · HighExtracted
Primary issuer evidence reviewed through the cutoff; physical page locators distinguish current operations, ownership, financing and historical technical data.
- Document ID
- doc-ore-20260915-lom
- Published UTC
- 2026-09-15T20:00:00+00:00
- Projects
- bombore · casa-berardi
- Commodities
- gold
Financial statementsResults · HighExtracted
Primary issuer evidence reviewed through the cutoff; physical page locators distinguish current operations, ownership, financing and historical technical data.
- Document ID
- doc-ore-20260812-fs
- Published UTC
- 2026-08-12T20:00:00+00:00
- Projects
- bombore · casa-berardi
- Commodities
- gold
Management discussion and analysisResults · HighExtracted
Primary issuer evidence reviewed through the cutoff; physical page locators distinguish current operations, ownership, financing and historical technical data.
- Document ID
- doc-ore-20260812-mda
- Published UTC
- 2026-08-12T20:00:00+00:00
- Projects
- bombore · casa-berardi
- Commodities
- gold
Bombore drilling resultsOperations · MediumExtracted
Primary issuer evidence reviewed through the cutoff; physical page locators distinguish current operations, ownership, financing and historical technical data.
- Document ID
- doc-ore-20260811-drilling
- Published UTC
- 2026-08-11T20:00:00+00:00
- Projects
- bombore · casa-berardi
- Commodities
- gold
Casa Berardi resumes operationsOperations · MediumExtracted
Primary issuer evidence reviewed through the cutoff; physical page locators distinguish current operations, ownership, financing and historical technical data.
- Document ID
- doc-ore-20260720-resume
- Published UTC
- 2026-07-20T20:00:00+00:00
- Projects
- bombore · casa-berardi
- Commodities
- gold
Q2 2026 Production and Casa Berardi Operations UpdateOperations · MediumExtracted
Primary issuer evidence reviewed through the cutoff; physical page locators distinguish current operations, ownership, financing and historical technical data.
- Document ID
- doc-ore-20260715-local
- Published UTC
- 2026-07-14T22:18:24Z
- Projects
- bombore · casa-berardi
- Commodities
- gold
Management appointmentsLeadership · MediumExtracted
Primary issuer evidence reviewed through the cutoff; physical page locators distinguish current operations, ownership, financing and historical technical data.
- Document ID
- doc-ore-20260513-management
- Published UTC
- 2026-05-13T20:00:00+00:00
- Projects
- bombore · casa-berardi
- Commodities
- gold
Orezone Reports First Quarter 2026 Gold ProductionOperations · MediumExtracted
Primary issuer evidence reviewed through the cutoff; physical page locators distinguish current operations, ownership, financing and historical technical data.
- Document ID
- doc-ore-20260424-local
- Published UTC
- 2026-04-23T22:11:40Z
- Projects
- bombore · casa-berardi
- Commodities
- gold
Annual information form for FY2025, dated March 31 2026Results · HighExtracted
Primary issuer evidence reviewed through the cutoff; physical page locators distinguish current operations, ownership, financing and historical technical data.
- Document ID
- doc-ore-20260325-aif
- Published UTC
- 2026-03-31T20:00:00+00:00
- Projects
- bombore · casa-berardi
- Commodities
- gold
Financial statementsResults · MediumExtracted
Primary issuer evidence reviewed through the cutoff; physical page locators distinguish current operations, ownership, financing and historical technical data.
- Document ID
- doc-ore-20260325-fs
- Published UTC
- 2026-03-25T20:00:00+00:00
- Projects
- bombore · casa-berardi
- Commodities
- gold
Management discussion and analysisResults · MediumExtracted
Primary issuer evidence reviewed through the cutoff; physical page locators distinguish current operations, ownership, financing and historical technical data.
- Document ID
- doc-ore-20260325-mda
- Published UTC
- 2026-03-25T20:00:00+00:00
- Projects
- bombore · casa-berardi
- Commodities
- gold
Casa Berardi acquisition closingTransaction · HighExtracted
Primary issuer evidence reviewed through the cutoff; physical page locators distinguish current operations, ownership, financing and historical technical data.
- Document ID
- doc-ore-20260325-acquisition
- Published UTC
- 2026-03-25T20:00:00+00:00
- Projects
- bombore · casa-berardi
- Commodities
- gold
ORE to Release 2025 Financial Results 26 March 2026 (AEDT)Operations · MediumExtracted
Primary issuer evidence reviewed through the cutoff; physical page locators distinguish current operations, ownership, financing and historical technical data.
- Document ID
- doc-ore-20260303-local
- Published UTC
- 2026-03-02T22:00:05Z
- Projects
- bombore · casa-berardi
- Commodities
- gold
Preliminary Final ReportOperations · MediumExtracted
Primary issuer evidence reviewed through the cutoff; physical page locators distinguish current operations, ownership, financing and historical technical data.
- Document ID
- doc-ore-20260302-local
- Published UTC
- 2026-03-01T21:18:40Z
- Projects
- bombore · casa-berardi
- Commodities
- gold
ASX prospectusOperations · MediumPartial
Canadian parent and one CDI equals one common share; historic financial and technical annexures are not the current economics.
- Document ID
- doc-ore-20250806-prospectus
- Published UTC
- 2025-08-06T20:00:00+00:00
- Projects
- bombore
- Commodities
- gold
Evidence facts94
97952000 USD
2025-12-31146349917.82459286 AUD
2025-12-31118537000 USD
2025-12-31177105931.57029733 AUD
2025-12-31400013000 USD
2025-12-31597658747.9456148 AUD
2025-12-31376624000 USD
2025-12-31583999031.3286119 AUD
2025-12-3164899000 USD
2025-12-31100633398.65275602 AUD
2025-12-3199476000 USD
2025-12-31154249032.56416214 AUD
2025-12-31139802000 USD
2025-12-31216779155.27901196 AUD
2025-12-31181055000 USD
2025-12-31280746698.60975885 AUD
2025-12-31110014 oz
2025-12-3185 %
2025-08-195125000 oz
2023-03-284515000 oz
2023-03-28199300000 t
2023-03-280.7970597089814351 g/t
2023-03-28103500000 t
2023-03-280.72 g/t
2023-03-282403000 oz
2023-03-2827500000.0 t
2023-03-280.79 g/t
2023-03-28701000 oz
2023-03-28151700000.0 t
2023-03-280.78 g/t
2023-03-283814000 oz
2023-03-28179300000.0 t
2023-03-280.78 g/t
2023-03-2820000000.0 t
2023-03-280.95 g/t
2023-03-28610000 oz
2023-03-2896674000 USD
2026-06-30140739554.52030864 AUD
2026-06-3099750000 USD
2026-06-30145217644.4897365 AUD
2026-06-30589782000 USD
2026-06-30858614063.1824138 AUD
2026-06-300 AUD
2026-06-30457571000 USD
2026-06-30651233567.6473141 AUD
2026-06-3084776000 USD
2026-06-30120656634.55697301 AUD
2026-06-30284920000 USD
2026-06-30405509676.29957473 AUD
2026-06-3058077000 USD
2026-06-3082657537.09971361 AUD
2026-06-30100 %
2026-03-25668102990 shares
2026-08-12743442245 shares
2026-08-12228706000 USD
2026-06-30325503636.2058492 AUD
2026-06-3038063 oz
2026-06-302278 USD/oz
2026-06-303209.006408405981 AUD/oz
2026-06-300.55 g/t
2026-06-3086.1 %
2026-06-3020503 oz
2026-06-302558 USD/oz
2026-06-303603.4409098781825 AUD/oz
2026-06-302.01 g/t
2026-06-3086.8 %
2026-06-30160,000-180,000 oz gold text
2026-08-1262,000-67,000 oz gold text
2026-08-122923000 oz
2026-06-302528000 oz
2026-06-3027536000 t
2026-06-303.300918797210924 g/t
2026-06-301046000000 USD
2026-09-151502657664.128717 AUD
2026-09-15116457 oz/year
2026-09-1514 years
2026-09-1510091000 t
2026-06-303.3 g/t
2026-06-301074000 oz
2026-06-3014648000 t
2026-06-303.09 g/t
2026-06-301454000 oz
2026-06-3024738000 t
2026-06-303.18 g/t
2026-06-302798000 t
2026-06-304.37 g/t
2026-06-30395000 oz
2026-06-30100 %
2026-03-25100 %
2026-03-25100 %
2026-03-250.6961 USD/AUD
2026-10-133.22 AUD/CDI
2026-10-13Sophie Bertrand — VP Sustainability role
2026-10-134147 USD/oz
2026-10-02Conflicts requiring judgment2
- Bombore ownership
CurrentAIFoperatingownership85% overrideshistoricaltechnicalappendix90%; apply85%once tophysical andeconomicgrossfigures.
- Casa current reserve classification
LatestSeptember15PEAstatesnoreserves; predecessor2025reserve notcarriedinto current sidecar.