Orezone Gold posted its first full quarter as a multi-mine operator after the Casa Berardi acquisition. Bomboré exceeded mining plan targets. A wildfire suspended Casa Berardi operations on July 10, but the company expects to lift the suspension in days and reaffirmed 2026 guidance.
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Orezone Gold posted its first full quarter as a multi-mine operator after the Casa Berardi acquisition, with both mines tracking toward the company's 2026 production target. The Vancouver-based miner said Bomboré in West Africa and Casa Berardi in Quebec are performing in line with internal expectations.
Bomboré delivered strong mining volumes in the second quarter, with total tonnes and ore tonnes mined exceeding plan. The operation had intermittent explosives supply in the first quarter but mobilized additional contractors and drilling capacity to catch up. Access to higher-grade hard rock ore from the P17 pit is expected to increase in the second half, with the fourth quarter seen as the strongest period. Processing throughput at both the oxide and hard rock circuits remained above nameplate design, with recoveries in line with forecasts.
Casa Berardi invested in underground development during the quarter, adding mine development, definition drilling, and new equipment to support higher throughput in future periods. Open pit mining at the F160 pit continued, with higher-grade direct feed ore scheduled to increase in the fourth quarter. Mill throughput averaged just over 4,000 tonnes per day, above the planned 3,900 tonnes per day. The operation also completed expanded pit designs for F134 and F160 and advanced a Life-of-Mine study.
On July 10, a wildfire started about 12 kilometers southwest of Casa Berardi. The company voluntarily suspended operations as a precaution. With favorable weather over the last 48 hours and suppression efforts by Quebec's forest fire agency SOPFEU, Orezone expects to lift the suspension in the coming days. The company does not expect the temporary shutdown to affect its 2026 production guidance.
CEO Patrick Downey said the second quarter marked Orezone's first full quarter as a multi-mine producer following the Casa Berardi acquisition, with both operations performing in line with expectations. He noted that Casa Berardi's production profile reflects planned mine sequencing, with a lower expected third quarter before strengthening in the fourth quarter.
The company sold 1,625 gold ounces under the Casa Berardi streaming agreement with Franco-Nevada during the quarter at a price equal to 20% of the spot gold price. Orezone expects to release its second quarter financial results after market close on August 12.
Orezone Gold operates the Bomboré mine in Burkina Faso, which it built and brought into production in late 2022, and the Casa Berardi mine in Quebec, which has produced over 3.2 million ounces of gold to date.
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