Orezone Gold Reports First Quarter 2026 Results

About this update from Orezone Gold Corporation

All dollar amounts are in USD unless otherwise indicated and abbreviation “M” means million. VANCOUVER, British Columbia, May 13, 2026 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX: ORE | ASX: ORE | OTCQX: ORZCF) (“Orezone” or “Company”) is pleased to report its operational and financial results for the first quarter of 2026. The Company will host a conference call and webcast today at 2:00pm PT / 5:00pm ET to discuss the results. Details to join the conference call and webcast are provided at the end of this release. First Quarter 2026 Highlights Patrick Downey, President and CEO, commented, “First quarter gold production marks a significant step forward for the Company as it reflects new production from the expanded Bomboré Mine and the newly-acquired Casa Berardi Mine. We expect gold production to improve for the remainder of 2026 with full quarterly contributions from Casa Berardi and higher head grades at Bomboré as hard rock mining ramps up. We achieved record earnings in Q1-2026, driven by strong gold prices, expanding production, and tight cost control. The acquisition of Casa Berardi has transformed the Company into a multi-mine, diversified gold producer with exciting growth opportunities that we will continue to advance. Further information on all these areas will be provided with our 2026 guidance for Casa Berardi in June. We have also strengthened our executive team with today’s announced appointments of a COO, VP Exploration and VP Investor Relations whose experience and track record will contribute to unlocking considerable value and further increase market awareness.” Highlights for the Quarter Ended March 31, 2026 1 Cash costs, AISC, EBITDA, Adjusted EBITDA, Adjusted earnings, Adjusted earnings per share, and Free cash flow are non-IFRS measures. See “Non-IFRS Measures” section below for additional information.2 Cash flow from operating activities includes the $100M upfront deposit received on the gold stream from a subsidiary of Franco-Nevada Corporation (“Franco-Nevada”) as part of the financing for the Casa Berardi acquisition. FIRST QUARTER HIGHLIGHTS Operational Financials Corporate 2026 GUIDANCE – FIRST QUARTER 2026 RESULTS COMPARISON Gold production in Q1-2026 was negatively impacted by a shortfall in emulsion deliveries to site arising from recent government regulation changes to transportation of emulsion coupled with a ...

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