Overview

* Adjusted EPS for Q2 meets analyst expectations, per LSEG data

Outlook

* Orezone expects Stage 1 expansion to boost 2026 gold output to 170,000-185,000 oz

* Stage 2 expansion to increase annual production to 220,000-250,000 oz by Q4-2026

Result Drivers

* HIGHER AISC - Elevated AISC due to increased royalties, lower grid power availability, and unfavorable foreign exchange rates

* INCREASED THROUGHPUT - Gold production rose due to a 10% increase in plant throughput and improved recovery rates

* EXPANSION PROGRESS - Stage 1 hard rock expansion reached 63% completion, with first gold expected in Q4-2025

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Meet $0.04 $0.04 (1

Adjusted Analyst)

EPS

Q2 $20.60

Adjusted mln

Net

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the gold peer group is "buy"

* Wall Street's median 12-month price target for Orezone Gold Corp ( ORZCF ) is C$2.03, about 43.2% above its August 12 closing price of C$1.15

* The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 4 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)