Cash flow Orezone Gold Corporation

Equities

ORE

CA68616T1093

Gold

End-of-day quote Toronto S.E. Other stock markets 2025-07-09			5-day change	1st Jan Change
1.100 ^CAD	0.00%		-3.51%	+71.88%

Jun. 18	Summit Royalty Buys Royalty, Stream Portfolio from Iamgold for US$17.5 Million	MT
Jun. 13	Orezone Gold Corporation Approves Election of Julian Babarczy as Director	CI

2025588f783164.bec-W79ovdatbtGqwpyN0R9HBKh56w0icHZGEPE_WTo.K69bOv0Y1uHOK5nYru_LvUsvdsQh2F9NOyQpSLB6AUoIlGsByQTfgJVenA

Published financial data: OREZONE GOLD CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	-	-	43.43M	271M	284M
Total Revenues	-	-	43.43M	271M	284M
Cost of Goods Sold, Total	-	-	24.01M	145M	146M
Gross Profit	-	-	19.43M	127M	137M
Selling General & Admin Expenses, Total	3.08M	4.91M	5.47M	7.32M	9.15M
Exploration / Drilling Costs, Total	14.57M	1.64M	7.93M	5.62M	1.62M
Stock-Based Compensation (IS)	857K	1.78M	1.85M	2.19M	2.76M
Depreciation & Amortization - (IS)	848K	258K	2.88M	29.8M	28.48M
Other Operating Expenses	-	-	-	-	503K
Other Operating Expenses, Total	19.35M	8.59M	18.14M	44.93M	42.52M
Operating Income	-19.35M	-8.59M	1.29M	81.92M	94.69M
Interest Expense, Total	-18.06K	-28.77K	-1.73M	-14.85M	-13.16M
Interest And Investment Income	162K	173K	76.99K	809K	1.04M
Net Interest Expenses	144K	144K	-1.65M	-14.04M	-12.13M
Currency Exchange Gains (Loss)	-129K	-1.53M	-967K	-2.55M	2.4M
Other Non Operating Income (Expenses)	-	-8.36M	3.28M	-2.2M	-8.96M
EBT, Excl. Unusual Items	-19.34M	-18.33M	1.96M	63.12M	76.01M
Gain (Loss) On Sale Of Investments	228K	-391K	-68.9K	-272K	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-	8.88M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-19.11M	-18.72M	1.89M	62.85M	84.89M
Income Tax Expense	-	-	-	13.23M	20.8M
Earnings From Continuing Operations	-19.11M	-18.72M	1.89M	49.62M	64.08M
Net Income to Company	-19.11M	-18.72M	1.89M	49.62M	64.08M
Minority Interest	1.46M	147K	-956K	-6.48M	-8.37M
Net Income - (IS)	-17.65M	-18.57M	930K	43.15M	55.71M
Net Income to Common Incl Extra Items	-17.65M	-18.57M	930K	43.15M	55.71M
Net Income to Common Excl. Extra Items	-17.65M	-18.57M	930K	43.15M	55.71M
Per Share Items
Net EPS - Basic	-0.07	-0.06	0	0.12	0.14
Basic EPS - Continuing Operations	-0.07	-0.06	0	0.12	0.14
Basic Weighted Average Shares Outstanding	249M	318M	330M	358M	407M
Net EPS - Diluted	-0.07	-0.06	0	0.12	0.13
Diluted EPS - Continuing Operations	-0.07	-0.06	0	0.12	0.13
Diluted Weighted Average Shares Outstanding	249M	318M	347M	368M	414M
Normalized Basic EPS	-0.04	-0.04	0	0.09	0.1
Normalized Diluted EPS	-0.04	-0.04	0	0.09	0.09
Supplemental Items
EBITDA	-18.57M	-8.5M	4.02M	111M	123M
EBITA	-19.35M	-8.59M	1.29M	81.92M	94.69M
EBIT	-19.35M	-8.59M	1.29M	81.92M	94.69M
EBITDAR	-18.07M	-8.19M	6.36M	116M	127M
Effective Tax Rate - (Ratio)	-	-	-	21.05	24.51
Total Current Taxes	-	-	-	18.04M	28.26M
Total Deferred Taxes	-	-	-	-4.81M	-7.45M
Normalized Net Income	-10.62M	-11.31M	266K	32.98M	39.13M
Interest on Long-Term Debt	18.06K	28.77K	93.3K	114K	91K
Supplemental Operating Expense Items
General and Administrative Expenses	3.08M	4.91M	5.47M	7.32M	9.15M
Exploration/Drilling Costs	14.57M	1.64M	7.93M	5.62M	1.62M
Net Rental Expense, Total	498K	307K	2.34M	4.96M	4.06M
Imputed Operating Lease Interest Expense	361K	3.04K	383K	5.45M	4.42M
Imputed Operating Lease Depreciation	137K	304K	1.96M	-489K	-359K
Stock-Based Comp., Other (Total)	857K	1.78M	1.85M	2.19M	2.76M
Total Stock-Based Compensation	857K	1.78M	1.85M	2.19M	2.76M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	8.87M	36.08M	9.16M	19.48M	74.02M
Short Term Investments	-	55.53K	739K	925K	310K
Total Cash And Short Term Investments	8.87M	36.14M	9.9M	20.41M	74.33M
Other Receivables	30.47K	313K	5.36M	12.2M	21.81M
Total Receivables	30.47K	313K	5.36M	12.2M	21.81M
Inventory	508K	357K	12.73M	13.66M	12.79M
Prepaid Expenses	241K	2.3M	3.24M	6.65M	7.39M
Other Current Assets, Total	-	-	-	-	0
Total Current Assets	9.65M	39.11M	31.22M	52.92M	116M
Gross Property Plant And Equipment	10.02M	106M	196M	237M	287M
Accumulated Depreciation	-7.46M	-8.32M	-12.26M	-43.46M	-73.24M
Net Property Plant And Equipment	2.55M	97.28M	183M	193M	214M
Long-term Investments	791K	403K	307K	36K	-
Deferred Tax Assets Long-Term	-	-	-	4.81M	12.26M
Deferred Charges Long-Term	-	3.7M	-	-	1.03M
Other Long-Term Assets, Total	-	-	37.41M	69.12M	105M
Total Assets	12.99M	140M	252M	320M	449M
Liabilities
Accounts Payable, Total	3.13M	6.31M	17.48M	21.79M	19.86M
Accrued Expenses, Total	-	12.67M	19.65M	22.95M	25.76M
Current Portion of Long-Term Debt	-	-	32.99M	20.19M	19M
Current Portion of Leases	-	137K	203K	203K	203K
Current Income Taxes Payable	-	243K	673K	18.28M	19.18M
Other Current Liabilities	-	-	2.79M	-	-
Total Current Liabilities	3.13M	19.36M	73.78M	83.42M	84M
Long-Term Debt	-	45.83M	88.85M	72.36M	80.44M
Long-Term Leases	168K	441K	827K	648K	421K
Other Non Current Liabilities	-	20.99M	18.5M	17.29M	19.72M
Total Liabilities	3.3M	86.62M	182M	174M	185M
Common Stock, Total	213M	268M	281M	307M	359M
Additional Paid In Capital	-	5.47M	5.47M	5.47M	5.47M
Retained Earnings	-215M	-233M	-232M	-189M	-134M
Comprehensive Income and Other	21.95M	23.7M	25.19M	25.77M	26.6M
Total Common Equity	19.7M	63.98M	79.12M	149M	258M
Minority Interest	-10.01M	-10.11M	-8.79M	-2.51M	6.22M
Total Equity	9.69M	53.88M	70.33M	146M	264M
Total Liabilities And Equity	12.99M	140M	252M	320M	449M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	323M	325M	359M	368M	516M
ECS Total Common Shares Outstanding	253M	324M	336M	365M	466M
Book Value / Share	0.08	0.2	0.24	0.41	0.55
Tangible Book Value	19.7M	63.98M	79.12M	149M	258M
Tangible Book Value Per Share	0.08	0.2	0.24	0.41	0.55
Total Debt	168K	46.41M	123M	93.4M	100M
Net Debt	-9.49M	9.86M	113M	72.96M	25.73M
Debt Equivalent Oper. Leases	3.98M	2.46M	18.74M	39.67M	32.46M
Minority Interest, Total (Incl. Fin. Div)	-10.01M	-10.11M	-8.79M	-2.51M	6.22M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	-	-	-	8.61M	8.63M
Inventories - Work In Process, Total	-	-	-	2.89M	1.74M
Inventories - Finished Goods, Total	-	-	-	2.16M	2.41M
Land - (BS)	168K	920K	18.47M	16.34M	38.78M
Buildings, Total	3.36M	6.37M	7.94M	9.44M	13.07M
Machinery, Total	4.03M	6.16M	162M	170M	205M
Full Time Employees	72	178	503	906	776

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-17.65M	-18.57M	930K	43.15M	55.71M
Depreciation & Amortization - CF	848K	258K	2.88M	29.8M	28.48M
Depreciation & Amortization, Total	848K	258K	2.88M	29.8M	28.48M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-228K	391K	68.9K	272K	-
Stock-Based Compensation (CF)	857K	1.78M	1.85M	2.19M	2.76M
Other Operating Activities, Total	-1.48M	9.6M	291K	29.34M	11.49M
Change In Accounts Receivable	8.24K	-	-	-	-
Change In Inventories	-35.61K	-7.69K	746	-28.77M	-18.25M
Change In Accounts Payable	-427K	433K	938K	7.04M	-1.94M
Change In Income Taxes	-	-	-	18.28M	-
Change in Other Net Operating Assets	772K	183K	-380K	-21.35M	-20.55M
Cash from Operations	-17.33M	-5.94M	6.58M	79.95M	57.7M
Capital Expenditure	-463K	-76.93M	-106M	-44.55M	-47M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Other Investing Activities, Total	176K	173K	76.93K	768K	1.03M
Cash from Investing	-287K	-76.75M	-106M	-43.78M	-45.97M
Long-Term Debt Issued, Total	-	59.35M	77.4M	-	47.72M
Total Debt Issued	-	59.35M	77.4M	-	47.72M
Long-Term Debt Repaid, Total	-67.04K	-57.78K	-164K	-33.96M	-39.55M
Total Debt Repaid	-67.04K	-57.78K	-164K	-33.96M	-39.55M
Issuance of Common Stock	16.16M	58M	6M	19.63M	48.65M
Other Financing Activities, Total	-1.2M	-8.8M	-9.21M	-11.05M	-11.75M
Cash from Financing	14.89M	108M	74.03M	-25.38M	45.07M
Foreign Exchange Rate Adjustments	-267K	1.42M	-1.56M	-468K	-2.26M
Net Change in Cash	-2.99M	27.22M	-26.92M	10.32M	54.54M
Supplemental Items
Cash Interest Paid	18.06K	28.77K	8.46M	10.6M	9.36M
Cash Income Tax Paid (Refund)	-	-	-	-	26.2M
Levered Free Cash Flow	-10.83M	-66.39M	-98.58M	40.61M	28.41M
Unlevered Free Cash Flow	-10.82M	-66.37M	-97.5M	49.89M	36.64M
Change In Net Working Capital	-29.59K	-13.88M	-3.01M	-11.25M	6.78M
Net Debt Issued / Repaid	-67.04K	59.29M	77.24M	-33.96M	8.18M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-81.26	-6.99	0.41	17.89	15.4
Return on Total Capital	-105.25	-9.74	0.55	23.65	19.6
Return On Equity %	-169.23	-58.9	3.04	45.8	31.23
Return on Common Equity	-86.95	-44.39	1.3	37.85	27.4
Margin Analysis
Gross Profit Margin %	-	-	44.73	46.72	48.39
SG&A Margin	-	-	12.59	2.7	3.23
EBITDA Margin %	-	-	9.26	41.07	43.44
EBITA Margin %	-	-	2.97	30.17	33.4
EBIT Margin %	-	-	2.97	30.17	33.4
Income From Continuing Operations Margin %	-	-	4.34	18.28	22.6
Net Income Margin %	-	-	2.14	15.89	19.65
Net Avail. For Common Margin %	-	-	2.14	15.89	19.65
Normalized Net Income Margin	-	-	0.61	12.15	13.8
Levered Free Cash Flow Margin	-	-	-226.99	14.96	10.02
Unlevered Free Cash Flow Margin	-	-	-224.5	18.38	12.92
Asset Turnover
Asset Turnover	-	-	0.22	0.95	0.74
Fixed Assets Turnover	-	-	0.31	1.44	1.39
Inventory Turnover (Average Inventory)	-	-	3.67	10.96	11.06
Short Term Liquidity
Current Ratio	3.08	2.02	0.42	0.63	1.38
Quick Ratio	2.84	1.88	0.21	0.39	1.14
Operating Cash Flow to Current Liabilities	-5.54	-0.31	0.09	0.96	0.69
Days Outstanding Inventory (Average Inventory)	-	-	99.48	33.3	33.09
Average Days Payable Outstanding	-	-	119.35	49.24	52.42
Long Term Solvency
Total Debt/Equity	1.73	86.13	174.71	63.81	37.9
Total Debt / Total Capital	1.7	46.27	63.6	38.96	27.48
LT Debt/Equity	1.73	85.88	127.52	49.88	30.63
Long-Term Debt / Total Capital	1.7	46.14	46.42	30.45	22.21
Total Liabilities / Total Assets	25.37	61.65	72.12	54.27	41.15
EBIT / Interest Expense	-1.07K	-298.37	0.75	5.52	7.19
EBITDA / Interest Expense	-1.02K	-289.41	2.41	7.52	9.36
(EBITDA - Capex) / Interest Expense	-1.05K	-2.96K	-58.92	4.52	5.79
Total Debt / EBITDA	-0.01	-5.57	29.45	0.84	0.81
Net Debt / EBITDA	0.51	-1.18	27.01	0.65	0.21
Total Debt / (EBITDA - Capex)	-0.01	-0.54	-1.21	1.39	1.31
Net Debt / (EBITDA - Capex)	0.5	-0.12	-1.11	1.09	0.34
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-	-	525.11	4.43
Gross Profit, 1 Yr. Growth %	-	-	-	553.02	1.09
EBITDA, 1 Yr. Growth %	-16.13	-54.23	-147.3	2.67K	2.54
EBITA, 1 Yr. Growth %	-14.76	-55.63	-115.02	6.25K	4.85
EBIT, 1 Yr. Growth %	-14.76	-55.63	-115.02	6.25K	4.85
Earnings From Cont. Operations, 1 Yr. Growth %	-14.78	-2.02	-110.08	2.53K	29.14
Net Income, 1 Yr. Growth %	-15.3	5.26	-105.01	4.54K	29.12
Normalized Net Income, 1 Yr. Growth %	-13.95	6.46	-102.35	12.3K	2.02
Diluted EPS Before Extra, 1 Yr. Growth %	-27.6	-17.66	-104.47	4.37K	8.33
Inventory, 1 Yr. Growth %	7.7	-29.68	3.47K	7.35	-6.37
Net Property, Plant and Equip., 1 Yr. Growth %	-16.78	3.71K	88.47	5.37	10.53
Total Assets, 1 Yr. Growth %	-22.58	981.7	79.56	26.87	40.15
Tangible Book Value, 1 Yr. Growth %	-5.71	224.81	23.65	88.16	73.16
Common Equity, 1 Yr. Growth %	-5.71	224.81	23.65	88.16	73.16
Cash From Operations, 1 Yr. Growth %	-17.25	-65.72	-210.79	1.11K	-27.83
Capital Expenditures, 1 Yr. Growth %	-51.22	16.52K	37.86	-58	5.52
Levered Free Cash Flow, 1 Yr. Growth %	-15.1	513.92	48.49	-141.22	-36.87
Unlevered Free Cash Flow, 1 Yr. Growth %	-15.08	514.39	46.9	-151.17	-32.43
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	-	-	155.5
Gross Profit, 2 Yr. CAGR %	-	-	-	-	165.77
EBITDA, 2 Yr. CAGR %	9.63	-38.05	-53.47	262.19	453.46
EBITA, 2 Yr. CAGR %	10.68	-38.5	-74.18	208.9	756.77
EBIT, 2 Yr. CAGR %	10.68	-38.5	-74.18	208.9	756.77
Earnings From Cont. Operations, 2 Yr. CAGR %	10.06	-8.62	-68.58	62.81	482.91
Net Income, 2 Yr. CAGR %	8.55	-5.58	-77.04	52.41	673.98
Normalized Net Income, 2 Yr. CAGR %	10.34	-4.29	-84.18	70.76	1.11K
Diluted EPS Before Extra, 2 Yr. CAGR %	-3.88	-22.79	-80.56	41.42	596.21
Inventory, 2 Yr. CAGR %	15.45	-12.98	400.74	518.7	0.25
Net Property, Plant and Equip., 2 Yr. CAGR %	8.06	463.29	747.7	40.92	7.92
Total Assets, 2 Yr. CAGR %	-39.24	189.39	340.72	50.94	33.34
Tangible Book Value, 2 Yr. CAGR %	-28.62	75	100.41	52.53	80.5
Common Equity, 2 Yr. CAGR %	-28.62	75	100.41	52.53	80.5
Cash From Operations, 2 Yr. CAGR %	20.45	-46.74	-38.37	266.86	196.07
Capital Expenditures, 2 Yr. CAGR %	-17.99	800.32	1.41K	-23.9	-33.43
Levered Free Cash Flow, 2 Yr. CAGR %	26.28	128.11	201.92	-21.79	-46.3
Unlevered Free Cash Flow, 2 Yr. CAGR %	26.21	128.21	200.42	-13.3	-38.7
Compound Annual Growth Rate Over Three Years
EBITDA, 3 Yr. CAGR %	25.64	-18.07	-43.38	81.75	143.8
EBITA, 3 Yr. CAGR %	25.86	-18.39	-61.56	61.77	122.6
EBIT, 3 Yr. CAGR %	25.86	-18.39	-61.56	61.77	122.6
Earnings From Cont. Operations, 3 Yr. CAGR %	29.64	5.88	-56.18	37.46	50.71
Net Income, 3 Yr. CAGR %	27.55	7.44	-64.53	34.72	44.22
Normalized Net Income, 3 Yr. CAGR %	23.37	9.03	-72.18	45.87	51.25
Diluted EPS Before Extra, 3 Yr. CAGR %	8.73	-8.71	-69.87	19.15	29.4
Inventory, 3 Yr. CAGR %	12.68	-2.14	200.02	199.69	229.7
Net Property, Plant and Equip., 3 Yr. CAGR %	8.46	254.43	291.05	323.06	29.96
Total Assets, 3 Yr. CAGR %	-3.99	58.65	146.83	191	47.25
Tangible Book Value, 3 Yr. CAGR %	-0.63	18.28	55.87	96.24	59.12
Common Equity, 3 Yr. CAGR %	-0.63	18.28	55.87	96.24	59.12
Cash From Operations, 3 Yr. CAGR %	26.58	-20.77	-32.01	66.48	113.36
Capital Expenditures, 3 Yr. CAGR %	109.89	381.66	381.67	358.22	-15.14
Levered Free Cash Flow, 3 Yr. CAGR %	29.53	113.8	97.69	55.44	-24.64
Unlevered Free Cash Flow, 3 Yr. CAGR %	29.48	113.78	97.04	66.53	-17.97
Compound Annual Growth Rate Over Five Years
EBITDA, 5 Yr. CAGR %	24.67	11.14	-15.56	48.47	40.94
EBITA, 5 Yr. CAGR %	22.97	9.42	-33.21	38.99	33.06
EBIT, 5 Yr. CAGR %	22.97	9.42	-33.21	38.99	33.06
Earnings From Cont. Operations, 5 Yr. CAGR %	20.35	27.76	-26.46	25.76	23.37
Net Income, 5 Yr. CAGR %	18.45	27.56	-35.76	23.57	21.74
Normalized Net Income, 5 Yr. CAGR %	17.77	26.93	-45.75	30.46	25.95
Diluted EPS Before Extra, 5 Yr. CAGR %	-0.24	7.79	-45.38	9.34	5.81
Inventory, 5 Yr. CAGR %	8.23	2.41	104.62	104.62	93.52
Net Property, Plant and Equip., 5 Yr. CAGR %	-0.92	112.89	146.87	145.08	133.66
Total Assets, 5 Yr. CAGR %	13.24	41.41	76.62	55.52	92.94
Tangible Book Value, 5 Yr. CAGR %	41.56	25.63	31.56	30.95	65.29
Common Equity, 5 Yr. CAGR %	41.56	25.63	31.56	30.95	65.29
Cash From Operations, 5 Yr. CAGR %	19.8	7.09	-5.09	46.26	22.47
Capital Expenditures, 5 Yr. CAGR %	71.31	428.87	362.58	130.24	118.26
Levered Free Cash Flow, 5 Yr. CAGR %	19.76	97.42	81.64	42.99	17.36
Unlevered Free Cash Flow, 5 Yr. CAGR %	19.74	97.4	81.24	49	23.51