Orezone Gold Corporation (ORE) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. My name is Jordan, and I'll be your conference operator today. At this time, I'd like to welcome everyone to the ORAZONE 3rd Quarter 2025 Results Webcast and Conference Call. 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'd now like to turn the call over to Patrick Downey, President and CEO. Please go ahead. Thank you. And welcome to Orzones Q3 2025 Conference Call and Webcast. Today I am joined by Peter Tam, Executive Vice President and Chief Financial Officer. Just like to draw your attention to the forward-looking statements, and then we'll move straight into the conference details. So gold production for the quarter was 23,371,000 ounces. always in Q3, is stated to be lower production, and we'll walk through that later on. We are on track to meet our 2025 guidance of 115,000 to 130,000 ounces. Gold sales were 20,350 ounces for the quarter, and an average realized price of $3,375 an ounce, resulting in $68.9 million in revenue. This was somewhat affected by the late sale of about 4,000 ounces of gold, 4,942 ounces of gold into Q3 due to a weather event which caused a late shipment of that gold. All its sustaining costs were $1,958 per ounce sold and they were really impacted by external factors such as the royalties and FX and also obviously the late sale of the ounces into Q4 and somewhat by the weather which we always see in Q2 and Q3. On our balance sheet, very, very strong financial position, cash and bullion at the end of the quarter of 1...