OREZONE GOLD CORPORATION REGISTERED (ORE)
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ORE - OREZONE GOLD CORPORATION REGISTERED

FNArena Sector : Gold & Silver
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: N/A
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.04

24 Dec
2025

0.020

OPEN

$2.04

0.99%

HIGH

$2.11

12,496

LOW

$2.01

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FNARENA'S MARKET CONSENSUS FORECASTS

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HISTORICAL DATA ARE ALL IN AUD
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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

0
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

16/12/2025

1

Buy

$3.75

83.82%

Orezone Gold poured first gold from the 2.5Mtpa Stage 1 hard-rock expansion at Bombore mine in Burkina Faso, Canaccord Genuity observes.

Early throughput was around 78% of nameplate and commercial production is still expected by the company in 1Q2026.

The company also re-iterated FY26 guidance at 170-185koz. The broker views the milestone positively, noting expansion remains on track for 1Q2026 commercial production.

The broker continues to model Stage 2 output lift to 233koz by 2027. Forecasts updated to include 3Q25 result, higher 4Q25 costs to match AISC guidance of $1,700–1,800/oz and roll forward.

This resulted in a lift in target price to $3.75 from $3.25. Buy maintained.

FORECAST
Canaccord Genuity forecasts a full year FY25 EPS of 24.86 cents.
Canaccord Genuity forecasts a full year FY26 EPS of 65.25 cents.

ORE STOCK CHART