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Orezone Gold Corporation engages in the mining, exploration, and development of gold properties. Its flagship property is the 90%-owned Bomboré gold project, which covers an area of approximately 12,963 hectares comprising a exploitation permit and four exploration permits located in Burkina Faso, West Africa. Orezone Gold Corporation was incorporated in 2008 and is headquartered in Vancouver, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Orezone Gold Corp is a Canadian company focused on advancing the Bomboré gold project in Burkina Faso toward commercial production of an open-pit operation. Major long-term growth drivers include exposure to higher gold prices, project scale with resource expansion potential, and successful commissioning and operational performance, which may benefit investors seeking leveraged gold exposure.
Material risks include Burkina Faso's political and security environment, volatile gold prices, execution and financing risks during ramp-up, and environmental, permitting and social licence challenges that investors should monitor.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 130.65M | 84.89M | 62.85M | 1.89M | -18.72M |
| Minority interest | -12.54M | -8.37M | -6.48M | -0.96M | 0.15M |
| Net income | 66.04M | 55.71M | 43.15M | 3.18M | -28.85M |
| Selling general administrative | 10.97M | 9.15M | 9.51M | 7.32M | 6.68M |
| Selling and marketing expenses | - | 4.38M | 7.80M | - | - |
| Gross profit | 164.69M | 117.71M | 126.85M | 16.66M | -0.26M |
| Reconciled depreciation | 33.77M | 28.48M | 29.80M | 2.88M | 0.26M |
| Ebit | 153.66M | 98.05M | 81.92M | 1.37M | -8.41M |
| Ebitda | 188.02M | 126.53M | 111.50M | 4.25M | -8.15M |
| Depreciation and amortization | 34.36M | 28.48M | 29.58M | 2.88M | 0.26M |
| Operating income | 153.66M | 104.08M | 81.92M | 1.37M | -8.41M |
| Other operating expenses | 229.56M | 179.44M | 189.57M | 42.14M | 8.59M |
| Interest expense | 11.64M | 13.66M | 14.85M | 1.73M | 0.03M |
| Tax provision | 50.96M | 20.80M | 13.23M | 0.00M | 0.00M |
| Interest income | 2.09M | 14.63M | 0.81M | 0.60M | 10.14M |
| Net interest income | -9.35M | -13.90M | -14.95M | -1.65M | 0.14M |
| Income tax expense | 51.85M | 20.80M | 13.23M | -1.29M | 10.13M |
| Total revenue | 383.22M | 283.52M | 271.49M | 43.43M | 0.00M |
| Total operating expenses | 11.03M | 13.63M | 15.23M | 15.37M | 8.33M |
| Cost of revenue | 218.53M | 165.81M | 144.64M | 26.77M | 0.26M |
| Total other income expense net | -23.01M | -19.19M | -19.07M | 0.52M | -10.31M |
| Net income from continuing ops | 77.44M | 64.08M | 49.62M | 1.89M | -18.72M |
| Net income applicable to common shares | - | 55.71M | 43.15M | 0.93M | -18.57M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 665.64M | 448.58M | 320.08M | 252.28M | 140.50M |
| Other current assets | 11.83M | 10.87M | 7.57M | 3.98M | 2.36M |
| Total liab | 255.87M | 184.57M | 173.72M | 181.95M | 86.62M |
| Total stockholder equity | 399.29M | 257.78M | 148.87M | 79.12M | 63.98M |
| Deferred long term liab | - | - | - | - | 3.70M |
| Other current liab | 61.97M | - | 41.23M | 23.10M | 12.91M |
| Common stock | 440.49M | - | 306.93M | 280.90M | 268.19M |
| Capital stock | 441.30M | 359.30M | 306.93M | 280.90M | 268.19M |
| Retained earnings | -73.86M | -133.58M | -189.29M | -232.44M | -233.37M |
| Other liab | - | - | - | 18.50M | 20.99M |
| Other assets | - | - | - | 37.41M | 3.70M |
| Cash | 97.77M | 74.02M | 19.48M | 9.16M | 36.08M |
| Total current liabilities | 181.80M | 84.00M | 83.42M | 73.78M | 19.36M |
| Net debt | 20.55M | 6.42M | 73.92M | 113.71M | 10.32M |
| Short term debt | 74.72M | - | 20.39M | 33.19M | 0.14M |
| Short long term debt | 34.44M | - | 20.19M | 32.99M | - |
| Short long term debt total | 118.32M | - | 93.40M | 122.87M | 46.41M |
| Other stockholder equity | 5.46M | - | 30.55M | 30.17M | 23.70M |
| Property plant equipment | - | - | - | 183.34M | 97.28M |
| Total current assets | 191.53M | 116.32M | 52.92M | 31.22M | 39.11M |
| Long term investments | - | - | 0.04M | 0.31M | 0.40M |
| Net tangible assets | - | - | - | 79.12M | 63.98M |
| Short term investments | - | - | 0.93M | - | - |
| Net receivables | 20.64M | - | 12.20M | 5.36M | 0.31M |
| Long term debt | 43.68M | 80.44M | 72.36M | 88.85M | 45.83M |
| Inventory | 61.29M | 12.79M | 13.66M | 12.73M | 0.36M |
| Accounts payable | 45.11M | 19.86M | 21.79M | 17.48M | 6.31M |
| Accumulated other comprehensive income | 27.19M | - | 0.68M | 0.49M | 29.16M |
| Non currrent assets other | 126.96M | 88.73M | 69.12M | 37.41M | 3.70M |
| Non current assets total | 474.11M | 332.25M | 267.16M | 221.06M | 101.39M |
| Capital lease obligations | 0.51M | 0.62M | 0.85M | 1.03M | 0.58M |
| Long term debt total | - | - | - | 89.68M | 46.27M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -45.97M | -43.78M | -105.98M | -76.75M |
| Change to liabilities | - | - | - | 0.00M | 0.43M |
| Total cashflows from investing activities | -146.06M | -45.97M | -43.78M | -105.98M | -76.75M |
| Net borrowings | 10.25M | 8.18M | -33.96M | 77.24M | 59.29M |
| Total cash from financing activities | 78.15M | 45.07M | -25.38M | 74.03M | 108.49M |
| Change to operating activities | - | - | - | - | 0.18M |
| Net income | 66.04M | 64.08M | 49.62M | 1.89M | -18.72M |
| Change in cash | 20.25M | 54.54M | 10.32M | -26.92M | 27.22M |
| Begin period cash flow | 77.52M | 19.48M | 9.16M | 36.08M | 8.87M |
| End period cash flow | 97.77M | 74.02M | 19.48M | 9.16M | 36.08M |
| Total cash from operating activities | 87.84M | 57.70M | 79.95M | 6.58M | -5.94M |
| Issuance of capital stock | 82.58M | 47.43M | 12.06M | 0.00M | 57.49M |
| Depreciation | 34.36M | 28.48M | 42.13M | 2.88M | 0.26M |
| Other cashflows from investing activities | -3.81M | 1.03M | 0.77M | 0.08M | 0.17M |
| Dividends paid | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Change to inventory | -29.11M | -18.25M | -28.77M | 0.00M | -0.01M |
| Sale purchase of stock | - | 48.65M | 19.63M | 6.00M | 58.00M |
| Other cashflows from financing activities | -13.65M | -10.53M | -3.48M | 74.19M | 51.06M |
| Change to netincome | - | - | - | - | 11.77M |
| Capital expenditures | 142.25M | 47.01M | 44.55M | 106.05M | 76.93M |
| Change in working capital | -46.94M | -40.75M | -24.80M | 0.56M | 0.61M |
| Stock based compensation | 2.83M | 2.76M | 2.19M | 1.85M | 1.78M |
| Other non cash items | 32.57M | 10.79M | 15.62M | -0.60M | 10.14M |
| Free cash flow | -54.41M | 10.69M | 35.40M | -99.47M | -82.87M |
Sector: Basic Materials Industry: Gold
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| ORE Orezone Gold Corp |
-0.09 3.41% |
2.55 | 15.07 | 3.61 | 4.00 | 2.93 | 3.18 | 6.78 |
| AEM Agnico Eagle Mines Limited |
-4.41 1.85% |
234.00 | 24.22 | 15.85 | 11.68 | 4.34 | 8.85 | 12.58 |
| ABX Barrick Gold Corp |
-1.21 2.28% |
51.89 | 14.39 | 10.63 | 5.80 | 2.63 | 4.04 | 6.19 |
| WPM Wheaton Precious Metals Corp |
-2.52 1.51% |
164.32 | 43.69 | 24.75 | 38.06 | 7.39 | 27.40 | 31.65 |
| FNV Franco-Nevada Corporation |
-4.09 1.27% |
316.85 | 42.91 | 30.30 | 36.18 | 6.45 | 26.79 | 28.34 |
Orezone Gold Corporation engages in the mining, exploration, and development of gold properties. Its flagship property is the 90%-owned Bomboré gold project, which covers an area of approximately 12,963 hectares comprising a exploitation permit and four exploration permits located in Burkina Faso, West Africa. Orezone Gold Corporation was incorporated in 2008 and is headquartered in Vancouver, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Patrick G. Downey P.Eng. | Pres, CEO & Director | 1960 |
| Mr. Peter Tam | Chief Financial Officer | NA |
| Mr. Ryan Goodman | VP of Legal & Admin. | NA |
| Ms. Vanessa Pickering | Mang. of Investor Relations | NA |
| Mr. Ian I. Chang M.Sc., P.Eng. | VP of Projects | 1959 |
| Mr. Patrick G. Downey P.Eng. | President, CEO & Director | 1960 |
| Mr. Peter Tam | Executive VP & CFO | NA |
| Mr. Ryan Goodman | Senior VP & General Counsel | NA |
| Mr. Robert Duncan Henderson B.Sc., M.B.A., P. Eng, P.Eng. | Vice President of Projects | 1963 |
| Mr. Kevin Mackenzie M.B.A., MBA, P.Geo, P.Geo. | Vice President of Corporate Development & Investor Relation | NA |
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