Orezone Reports Q2 2026 Production and Provides Casa Berardi Operations Update First full quarter as a multi-mine producer; 2026 production guidance reaffirmed
OREZONE GOLD CORPORATION
450-505 Burrard Street
Vancouver, BC, V7X 1M3
T: 778-945-8977
Orezone Reports Q2 2026 Production and Provides Casa Berardi Operations Update
First full quarter as a multi-mine producer; 2026 production guidance reaffirmed
July 14, 2026 – Vancouver, BC - Orezone Gold Corporation (TSX: ORE | ASX: ORE | OTCQX: ORZCF) (the
“Company” or “Orezone”) is pleased to announce its production results for the three and six months
ended June 30, 2026. The Company expects to release its second quarter 2026 financial results after
market close on Wednesday, August 12, 2026. Confere nce call and webcast details are provided at the
end of this release.
Patrick Downey, President and CEO, commented "The second quarter marked Orezone's first full quarter
as a multi-mine producer following the acquisition of Casa Berardi, with both operations performing in line
with our expectations. At Casa Berardi, we continued investing in underground development,
exploration, and equipment to support higher underground throughput and production over time,
leveraging the established resource base and infrastructure already in place. As outlined in o ur 2026
guidance, Bomboré is expected to deliver a stronger second half of the year as access to higher-grade hard
rock ore continues to improve, while Casa Berardi's production profile reflects planned mine sequencing,
with a lower expected third quarter before strengthening in the fourth quarter."
PRODUCTION RESULTS
All mine site figures on a 100% basis Q2-2026 Q1-2026 Six Months Ended
June 30, 2026
Consolidated
Gold Produced oz 58,566 38,789 97,355
Gold Sold oz 60,654 37,962 98,616
Average Realized Gold Price2 USD/oz sold 4,400 4,887 4,588
Bomboré Gold Mine
Ore milled tonnes 2,484,023 2,372,618 4,856,641
Head Grade g/t 0.55 0.57 0.56
Gold Produced oz 38,063 37,563 75,626
Gold Sold oz 38,377 37,962 76,339
Casa Berardi Gold Mine1
Ore milled tonnes 364,284 18,882 383,166
Head Grade g/t 2.01 2.29 2.03
Gold Produced oz 20,503 1,226 21,729
Gold Sold oz 22,277 nil 22,277
1 Reflects results subsequent to the Company’s acquisition of Casa Berardi on March 25, 2026
2 Average realized gold price shown includes the impact of the Casa Berardi streaming agreement with Franco-Nevada. In Q2 and
H1-2026, the Company sold 1,625 gold ounces under the streaming agreement at a price equal to 20% of the spot gold price.
Bomboré Operations
During the second quarter, Bomboré delivered strong mining performance , with total tonnes and ore
tonnes mined exceeding plan. Following the intermittent explosives supply experienced during the first
quarter, mining activities advanced in line with the revised mining sequence with additional contractors
and drilling capacity mobilized, providing improved access to higher-grade hard rock ore in the last half of
the year. As previously guided, production is expected to be weighted towards the second half of 2026,
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with the fourth quarter anticipated to be the strongest as ore deliveries from the higher -grade
P17 pit increase.
Processing performance remained strong in the quarter, with both the oxide and hard rock circuits
continuing to achieve throughput rates above nameplate design while maintaining recoveries in line with
expectations.
Casa Berardi Operations
During the second quarter, Casa Berardi invested in underground development through additional mine
development, expanded definition drilling, and the mobilization of new equipment and labour in support
of higher underground throughput and production in future quarters.
Open pit mining at F160 continued through the quarter. The current pit schedule is for higher-grade direct
feed ore to increase during the fourth quarter with third quarter mill feed supplemented by existing lower
grade stockpiles, in line with guidance.
Processing performance remained strong throughout the quarter, with ongoing mill improvements
contributing to average throughput of just over 4,000 tonnes per day, exceeding the planned rate of 3,900
tonnes per day.
The operation also continued advancing several strategic initiatives, including completion of the expanded
F134 and F160 pit designs, advancement of the Life -of-Mine study, and increased exploration activities
to support future mine planning and underground production growth.
CASA BERARDI OPERATIONS UPDATE – LOCAL WILDFIRE
On July 10th, a wildfire commenced approximately twelve kilometers to the southwest of the Casa Berardi
mine. As a precautionary measure, the Company voluntarily suspended operations which remains in
effect. With favourable weather conditions over the last 48 hours and the ongoing wildfire suppression
efforts by SOPFEU (Société de protection des forêts contre le feu), the Company anticipates lifting the
voluntary suspension in the coming days.
Orezone does not expect that the temporary suspension in operations will impact its 2026 production
guidance for Casa Berardi.
Q2 2026 CONFERENCE CALL AND WEBCAST
• Wednesday, August 12, at 2:00 PM PT | 5:00 PM ET | Thursday, August 13, 2026, 7:00 AM AEST
• Participants may listen to the webcast by registering via the following link: https://edge.media-
server.com/mmc/p/bzvkeaim
• Participants may also listen to the conference call by calling North American toll free 1 (800) 715-
9871 or 1 (646) 307-1963 outside Canada or the U.S.
• Conference ID: 3163094
ABOUT OREZONE GOLD CORPORATION
Orezone Gold is an emerging intermediate gold producer with operations in Canada and West Africa. Its
Casa Berardi and Bomboré gold mines host significant mineral endowments, growth opportunities, and
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exploration upside. The recently acquired Casa Berardi mine in Quebec has produced over 3.2 million oz
of gold to-date while the Bomboré mine was constructed and brought into production by Orezone in late
2022.
Orezone is led by an experienced management team committed to safe, sustainable, and responsible
mining practices, with a focus on delivering long-term value for all stakeholders.
CONTACT INFORMATION
Patrick Downey
President and Chief Executive Officer
Amanda Mallough
Vice President, Investor Relations
Tel: 1 778 945 8977
[email protected] / www.orezone.com
For further information please contact Orezone at +1 (778) 945-8977 or visit the Company’s website
at www.orezone.com.
The Toronto Stock Exchange neither approves nor disapproves the information contained in this news
release.
This announcement was authorized for release by Patrick Downey, Director, President & CEO.
Qualified Persons
The scientific and technical information in this news release was reviewed and approved by Mr. Rob
Henderson, P.Eng., Vice -President of Technical Services, who is a Qualified Person as defined under
National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Competent Persons
In accordance with ASX Listing Rule 5.12, the information in this announcement relating to the Casa
Berardi and Bomboré mines is confirmed as an accurate representation of the available data for the
project by Mr. Rob Henderson, P.Eng., Vice-President of Technical Services, an employee of Orezone Gold
Corporation. Mr. Henderson is a member of the Association of Professional Engineers and Geoscientists of
British Columbia and has sufficient experience that is relevant to the style of mineralization and type of
deposit under consideration, and to the activity being undertaken , to qualify as a Competent Person as
defined in the JORC Code (2012 Edition). Mr. Henderson consents to the inclusion in this announcement of
the matters based on this information in the form and context in which they appear.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain information that may constitute “forward-looking information” within
the meaning of applicable Canadian Securities laws and “forward-looking statements” within the meaning
of applicable U.S. securities laws (together, “f orward-looking statements”). Forward -looking
statements are frequently characterized by words such as
“plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “potential”, “possible” and
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other similar words, or statements that certain events or conditions “may”, “will”, “could”, or “should”
occur. Forward-looking statements in this news release include, but are not limited to, statements
regarding: the Company's ability to achieve its 2026 production guidance; the expected production profile
and operational performance at Bomboré and Casa Berardi during the remainder of 2026; the timing of
access to higher-grade ore from the P17 pit at Bomboré and higher -grade direct feed ore from the F160
pit at Casa Berardi; the expected benefits of ongoing under ground development, definition drilling,
equipment additions, mill improvements, exploration activities and other operational initiatives at Casa
Berardi; the anticipated results of the Life of Mine Study; the expected impact, duration and timing of
recovery from the temporary operational suspension at Casa Berardi resulting from nearby wildfire
activity, including any impact on third quarter production and the Company's 2026 production guidance;
and the timing of the release of the Company's second quarter 2026 financial results. All such forward -
looking statements are based on certain assumptions and analyses made by management in light of their
experience and perception of historical trends, current conditions and expected future developments, as
well as other factors management and the qualified persons believe are appropriate in the circumstances.
All forward-looking statements are subject to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from those projected in the forward -looking
statements including, but not limited to, delays caused by pandemics, terrorist or other violent attacks
(including cyber security attacks), the failure of parties to contracts to honour contractual commitments,
unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; social or
labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure, the
possibility of unanticipated costs and expenses, accidents and equipment breakdowns, political risk,
unanticipated changes in key management personnel and general economic, market or business
conditions, the failure of exploration programs, including drilling programs, to deliver anticipated results;
uncertainties relating to the availability and costs of financing needed in the future; and ot her factors
described in the Company's most recent annual information form and management discussion and
analysis filed on SEDAR+. Readers are cautioned not to place undue reliance on forward -looking
statements.
Although the forward -looking statements contained in this press release are based upon what
management of the Company believes are reasonable assumptions, the Company cannot assure investors
that actual results will be consistent with these forward -looking statements. These forward -looking
statements are made as of the date of this press release and are expressly qualified in their entirety by this
cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation
to update or revise the forward -looking statements contained herein to reflect events or circumstances
occurring after the date of this press release.