Orezone Gold (ASX:ORE) has transitioned into a multi-asset producer, reporting a surge in gold production for the first quarter of 2026.
The company's consolidated output reached 38,789 ounces, a substantial increase from the 28,688 ounces produced during the same period last year.
The growth was bolstered by an exceptional average realised gold price of US$4,887 per ounce, reflecting a robust market environment compared to the US$2,851 recorded in Q1-2025.
A milestone for the quarter was the late-March acquisition of Hecla Quebec, which added the operational Casa Berardi gold mine to Orezone’s portfolio.
While Casa Berardi contributed 1,226 ounces in the brief period following the March 25 closing, the cornerstone of production remains the Bomboré Gold Mine.
Bomboré achieved commercial production for its Phase 1 hard rock expansion on Jan. 16, processing over 2.3 million tonnes of ore.
Despite achieving these milestones, the company navigated operational headwinds at Bomboré. Intermittent deliveries of blasting emulsion temporarily impacted mine sequencing, leading to lower-than-planned head grades of 0.57 g/t.
However, President and CEO Patrick Downey noted that emulsion deliveries have since stabilised, with mill performance remaining strong.