• Orezone earns $68.7M in Q3 from Bomboré gold sales
• Higher gold prices offset 27% drop in sales volume
• Output set to rise with new plant, post-rainy season recovery
  

Orezone Gold reported revenue of $68.7 million from its Bomboré gold mine in Burkina Faso for the third quarter of 2025, according to the company’s operational report released on Wednesday, October 15. The revenue came from the sale of 20,350 ounces of gold at an average realized price of $3,375 per ounce.

The result nearly matched the $68.5 million posted for the same period in 2024, despite this year’s much higher gold prices. In 2024, the realized price was $2,473 per ounce, meaning that 2025 revenue was sustained by the sharp rise in gold prices even though sales volumes declined from 27,698 ounces a year earlier.

The company attributed the lower sales to operational delays. “Quarter-end shipment of bullion on hand was delayed due to adverse weather, resulting in its sale in early October,” the company stated.

Orezone said it expects operations to return to normal in the fourth quarter, “after the rainy season,” when it also plans to commission a new processing plant designed to expand Bomboré’s production capacity.

The miner projects 2025 output between 115,000 and 130,000 ounces, with production expected to rise to as much as 185,000 ounces in 2026. These upbeat forecasts align with the broader market trend, as gold prices climbed past $4,200 per ounce on Thursday, October 16.

Orezone Gold holds a 90% stake in the Bomboré mine, while the State of Burkina Faso owns the remaining 10%.

Aurel Sèdjro Houenou