Orezone Gold Corporation (ORE) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. My name is Alex and I will be your conference operator today. At this time, I would like to welcome everyone to the Arizona Gold Corporation Q1 2025 results. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. Thank you. I would now like to turn the call over to Mr. Patrick Downey, President and CEO. Please go ahead. Thank you, operator, and thank you, everyone, and welcome to the ORAZONE Q1 webcast and conference call. With me today, I have Peter Tam, Executive Vice President and CFO. We have the standard forward-looking statements. Please acquaint yourselves with these. So, Q1 was a very solid first quarter and really sets us on a firm footing for a very important transition year for our zone. Our gold production for the quarter was 28,688 ounces, which leaves us on track to achieve our 2025 guidance of 115 to 130,000 ounces a year, which, as we stated, will be slightly weighted towards Q4 of this year. Gold sales were 28,943 ounces, at an average realized price of $2,851 per ounce, giving us revenue of $83 million for the quarter. Our all-in sustaining costs were $1,415 per ounce sold, which again leads us on track to achieve our 2025 guidance of between $1,400 to $1,500 per ounce ASIC. We're in a very strong and solid financial position. Our cash is $102 million. We have senior undrawn debt of 28.9 million available and gives us a total available liquidity of 130.9 million US dollars. Our hard rock expansion is tracking on schedule on budget for the commission...