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Q1: 2026-05-13 Earnings Summary
EPS of $0.10 beats by $0.01
|
Revenue of
$254.70M
(120.44% Y/Y)
misses by $6.63M
Orezone Gold Corporation (ORE:CA) Q1 2026 Earnings Call May 13, 2026 5:00 PM EDT
Company Participants
Patrick Downey - President, CEO & Director
Peter Tam - Executive VP & CFO
Conference Call Participants
Jeremy Hoy - Canaccord Genuity Corp., Research Division
Mohamed Sidibe - National Bank Financial, Inc., Research Division
Presentation
Operator
Ladies and gentlemen, thank you for standing by. Hello, and welcome to Orezone First Quarter 2026 Results Webcast and Conference Call. [Operator Instructions]
I would like to turn the conference over to Patrick Downey, President and CEO. Please go ahead.
Patrick Downey
President, CEO & Director
Thank you. And as the operator said, this is Orezone's Q1 2026 Results Conference Call and Webcast. I'd like to welcome you all to it.
And with me today is Peter Tam, Executive Vice President and CFO; and Kevin MacKenzie, Senior Vice President of Corporate Development.
These are important notices and disclaimers, so please read these at your leisure and we'll go right into the conference call.
Well, first quarter has been very, very busy, very busy start to the year, and I want to thank the team at Orezone in that regard for a lot achieved. During the quarter, we acquired the Casa Berardi gold mine and a portfolio of exploration assets in Quebec. This is a strategic and transformational acquisition into a Tier 1 jurisdiction for Orezone and positions us as a diversified multi-asset producer, adding material scale production, free cash flow and we believe significant upside in the exploration front as well.
At our operating mine at Bomboré in Burkina Faso, we completed a 2.5 million tonne per annum Stage 1 hard rock expansion, again, on time and on budget. And we also achieved commercial production in January, the 16 of this year and we're already 10% above nameplate, which is really a tribute to the
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