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Orezone Gold (TSE:ORE)
TSX:ORE
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.07Last Year’s EPS
0.03Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 20, 2025
|% Change Since: -10.10%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance for Orezone in 2024, demonstrating record financial metrics, significant production increases, and progress in expansion projects. Despite some increased costs and early mining rate declines, the company's financial position and future outlook remain robust, supported by high gold prices and strategic investments.Company Guidance
In the Orezone 2024 year-end results and 2025 guidance call, Patrick Downey, President and CEO, highlighted several key metrics indicating a strong financial and operational performance. In 2024, Orezone achieved record revenue of $283.5 million, with gold sales totaling 118,697 ounces at an average realized price of $2,384 per ounce. The company's all-in sustaining costs for the full year were $1,447 per ounce, resulting in a solid all-in sustaining cost margin of $937 per ounce. Net income for the year was $55.7 million, and adjusted earnings per share stood at $0.11. Orezone's liquidity at year-end was robust, with $74 million in cash and available liquidity of $103.2 million. The company maintained a strong safety record with 0 LTIs over 19 million hours worked. For 2025, Orezone projected gold production between 115,000 to 130,000 ounces, with all-in sustaining costs expected to remain between $1,400 to $1,500 per ounce. Capital expenditures were planned at $9 million to $10 million for sustaining capital and an additional $44 million to $51 million for growth capital, alongside $75 million to $80 million for Stage I Hard Rock expansion. The company also noted the potential for Stage II Hard Rock expansion to accelerate, aiming for increased production rates by 2026.Record Financial Metrics
Orezone reported record revenue, EBITDA, earnings per share, and net income for 2024. Full year gold sales were 118,697 ounces at an average price of $2,384 per ounce, resulting in record revenue of $283.5 million.
Significant Production Increase
Gold production in Q4 2024 increased by 37% quarter-over-quarter, totaling 36,502 ounces. Full year production exceeded guidance midpoint, reaching 118,746 ounces.
Strong Financial Position
The company ended 2024 with $74 million in cash, $67.3 million in senior debt, and a total available liquidity of $103.2 million.
Safety Milestone Achieved
Orezone achieved over 19 million hours of work without a Lost Time Injury, highlighting their commitment to safety.
Hard Rock Expansion Progress
Construction of Phase II Hard Rock expansion commenced, supported by $105 million in new debt and equity. First gold is expected later this year.
Increased Gold Prices
Gold spot prices rose above $3,000 per ounce, benefiting Orezone as their production remains unhedged.
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TSE:ORE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:ORE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 20, 2025 | C$0.99 | C$0.93 | -6.06% |
| Nov 06, 2024 | C$0.77 | C$0.72 | -6.49% |
| Aug 06, 2024 | C$0.67 | C$0.65 | -2.99% |
| May 13, 2024 | C$0.85 | C$0.79 | -7.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Orezone Gold (TSE:ORE) report earnings?
Orezone Gold (TSE:ORE) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Orezone Gold (TSE:ORE) earnings time?
Orezone Gold (TSE:ORE) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:ORE EPS forecast?
TSE:ORE EPS forecast for the fiscal quarter 2025 (Q1) is 0.07.
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