The Company expects to announce a Board-approved final investment decision on stage 2 in the coming months.” Highlights for the First Quarter and Significant Subsequent Events (All mine site figures on a 100% basis) Q1-2025Q1-2024Operating Performance Gold productionoz28,68830,139Gold salesoz28,94331,229Average realized gold price$/oz2,8512,066Cash costs per gold ounce sold1$/oz1,2261,127All-in sustaining costs1 ("AISC”) per gold ounce sold$/oz1,4151,324Financial Performance Revenue$000’s82,71564,685Earnings from mine operations$000’s38,56326,882Net earnings attributable to shareholders of Orezone$000’s15,97911,697Net earnings per common share attributable to shareholders of Orezone Basic$0.030.03Diluted$0.030.03EBITDA1$000’s41,18230,329Adjusted EBITDA1$000’s44,19425,928Adjusted earnings attributable to shareholders of Orezone1$000’s18,6907,736Adjusted earnings per share attributable to shareholders of Orezone1$0.040.02Cash and Cash Flow Data Operating cash flow before changes in working capital$000’s39,98626,485Operating cash flow$000’s27,70413,637Free cash flow1$000’s3,6822,013Cash, end of period$000’s102,01615,597 1 Cash costs, AISC, EBITDA, Adjusted EBITDA, Adjusted earnings, Adjusted earnings per share, and Free cash flow are non-IFRS measures.
All forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements including, but not limited to, terrorist or other violent attacks, the failure of parties to contracts to honour contractual commitments, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure, the possibility of project cost overruns or unanticipated costs and expenses, accidents and equipment breakdowns, political risk, unanticipated changes in key management personnel, the spread of diseases, epidemics and pandemics diseases, market or business conditions, the failure of exploration programs, including drilling programs, to deliver anticipated results and the failure of ongoing and uncertainties relating to the availability and costs of financing needed in the future, and other factors described in the Company's most recent annual information form and management’s discussion and analysis filed on SEDAR+ on Readers are cautioned not to place undue reliance on forward-looking statements.
OPERATING HIGHLIGHTS Bomboré Mine, Burkina Faso (100% basis) Q1-2025 Q1-2024Safety Lost-time injuries frequency ratePer 1M hours0.00 0.00Personnel-hours worked000’s hours1,357 1,410Mining Physicals Ore tonnes minedtonnes2,114,543 2,402,533Waste tonnes minedtonnes4,018,182 3,123,099Total tonnes minedtonnes6,132,725 5,525,631Strip ratiowaste:ore1.90 1.30Processing Physicals Ore tonnes milledtonnes1,511,303 1,355,619Head grade milledAu g/t0.67 0.78Recovery rate%87.9 89.0Gold producedAu oz28,688 30,139Unit Cash Cost Mining cost per tonne$/tonne2.81 3.48Mining cost per ore tonne processed$/tonne8.06 8.02Processing cost$/tonne7.80 9.24Site general and admin ("G&A”) cost$/tonne3.78 3.79Cash cost per ore tonne processed$/tonne19.64 21.05Cash Costs and AISC Details Mining cost (net of stockpile movements)$000’s12,176 10,867Processing cost$000’s11,782 12,520Site G&A cost$000’s5,718 5,134Refining and transport cost$000’s166 117Government royalty cost$000’s6,602 5,132Gold inventory movements$000’s(951)1,416Cash costs1 on a sales basis$000’s35,493 35,186Sustaining capital$000’s3,199 4,018Sustaining leases$000’s73 73Corporate G&A$000’s2,182 2,069All-In Sustaining Costs1 on a sales basis$000’s40,947 41,346Gold soldAu oz28,943 31,229Cash costs per gold ounce sold1$/oz1,226 1,127All-In Sustaining Costs per gold ounce sold1$/oz1,415 1,324 1 Non-IFRS measure.
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