Orezone Gold Corporation · TSX:ORE
Orezone Gold — Q1 2025 Earnings Presentation
12 slides from Orezone Gold's earnings presentation, May 14, 2025
Slide 1: Build. Operate. Expand. Q1-2025 Results
TSX ORE OTCQX ORZCF BUILD. OPERATE. EXPAND. Q1-2025 Results Webcast & Conference Call BOMBORÉ GOLD MINE BURKINA FASO May 14, 2025
Slide 2: Disclaimer
DISCLAIMER This presentation contains certain “forward-looking information” within the meaning of applicable Canadian recommendations are not intended as investment advice and should not be relied upon by investors to make securities laws. Forward-looking information and forward-looking statements (
Slide 3: Bomboré: Q1-2025 Highlights
BOMBORÉ: Q1-2025 Highlights GOLD PRODUCTION GOLD SALES AISC PRODUCTION SALES AISC 28,688oz 28,943oz $1,415/oz sold On track to achieve 2025 guidance Average realized price of On track to achieve 2025 guidance 115,000 - 130,000oz US$2,851/oz, US$82.7M in revenue $1,400 - $1,500/oz BALANCE SHEET HARD
Slide 4: Financial and Operating Highlights
BUILD | OPERATE | EXPAND FINANCIAL AND OPERATING HIGHLIGHTS Q1-2025 Commentary Operating Performance Q1-2025 Q1-2024 Gold production oz 28,688 30,139 • Positive earnings and cash flow generated Gold sales oz 28,943 31,229 • Cash balance increased to $102.0M Average realized gold price $/oz 2,851 2,0
Slide 5: Production and Unit Cost Summary
BUILD | OPERATE | EXPAND PRODUCTION AND UNIT COST SUMMARY Q1-2025 Commentary Mining Physicals Q1-2025 Q1-2024 Ore tonnes mined tonnes 2,114,543 2,402,533 • Plant throughput continues to exceed nameplate Waste tonnes mined tonnes 4,018,182 3,123,099 design (+16% in Q1-2025) Total tonnes mined tonnes
Slide 6: 2025 Production And Costs Guidance
BUILD | OPERATE | EXPAND 2025 Production And Costs Guidance Investing in the Future 2025 Growth Capital Operating Guidance 2025 Guidance Q1-2025 Actuals (100% Basis) • Permanent Back-up Diesel Power Plant ($22-$24M) Gold Production 115,000 – 130,000oz 28,688 • To support both oxide and hard rock ope
Slide 7: 2025 A Significant Transition Year
BUILD | OPERATE | EXPAND 2025 A Significant Transition Year Stage 1 Hard Rock – 2.5Mtpa Bomboré Three-Year Production • Construction underway (100% Basis) 220 - • Commissioning Q4-2025 250koz • Production: >170,000oz/yr 170 - 185koz Accelerated Stage 2 Hard Rock – 5.5Mtpa1 141koz 115 - 119koz 130koz
Slide 8: Stage 1 Hard Rock Expansion – 2.5Mtpa
BUILD | OPERATE | EXPAND STAGE 1 Hard Rock Expansion – 2.5Mtpa Budgeted Capex of $90-95M Existing Oxide Plant Fully financed Ahead of schedule & on budget 5.5Mtpa Jaw Crusher SAG Mill Engineering remains ahead of schedule Equipment and material procurement now complete Jaw crusher and SAG mill found
Slide 9: Stage 1 Hard Rock Expansion – 2.5Mtpa
BUILD | OPERATE | EXPAND STAGE 1 Hard Rock Expansion – 2.5Mtpa 1 2 3 4 5 1. Hard rock expansion area with oxide plant and shared infrastructure 2. Dump pocket & crusher foundation 3. CIL tanks 4. SAG mill foundation 5. Major SAG mill components on site 9
Slide 10: Growth Capex BV2 Resettlement Construction Progress
BUILD | OPERATE | EXPAND GROWTH CAPEX BV2 Resettlement Construction Progress 10
Slide 11: Stage 2 Hard Rock Expansion – 5.5Mtpa
BUILD | OPERATE | EXPAND STAGE 2 Hard Rock Expansion – 5.5Mtpa Mill throughput to increase from 2.5Mtpa to 5.5Mtpa Ball Mill Thickener Water Tank Production 220,000 – 250,000oz/yr Pebble Crusher Additions to hard rock plant 4 additional CIL tanks Ball mill & pebble crusher Thickener & water tank Oxy
Slide 12: 2025 A Transformational Year
BUILD | OPERATE | EXPAND 2025 A Transformational Year Completion of ASX Renewed Focus: Stage 1 Hard Rock Secondary Listing Multi-year Exploration Expansion (mid-2025) Program Planned • Hard rock mining to increase • Increased trading liquidity and • 2.4Moz Mineral Reserve1 at overall head grade and