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Orezone Gold Corp

Company price
2.55 CAD -0.09 ( 3.41%)
Last update at 2026-11-03T20:27:00Z
VOLUME
668627
Market Cap
1506.21M
P/E
15.07

Momentum Score

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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.

Source: TradingView
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Day Price Range
2.54
Low
2.62
High
52 Week Price Range
0.99
Low
2.98
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

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.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
2.64
Dividend Yield
-
Revenue TTM
376.62M
Revenue Per Share
0.69
Gross Profit TTM
203.59M
Debt / Equity
0.30
ROE
22.96%
Net Debt
20.55M
ROCE
31.76%
Diluted EPS TTM
0.15

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

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

Peer Comparison*

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

Profile*

Orezone Gold Corp

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.

505 Burrard Street, Vancouver, BC, Canada, V7X 1M3

778-945-8977

858

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

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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