Orezone Profitability Surge Gold
Orezone Gold has strong fundamental momentum with revenue and profitability more than doubling year-over-year, supporting higher valuations.
Too little corroboration in the last 3 days to call a trend (4 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"Based on Aya Gold & Silver's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$94.3 million and a net profit of C$33.7 million. In comparison, last year the company earned a revenue of C$38.62 million and had a net profit of C$8.82 million"
"Clearly the movement in the last couple of years has increased the margins dramatically and made it a lot easier to get investment and funding to build a project of this scale. In contrast, gold prices this year have remained above $6,000 AUD an ounce, whereas when the old Mount Bundy mine financially collapsed in 1997, the gold price was $600 an ounce."
"MCX Gold August futures have witnessed a sharp intraday recovery after finding strong buying interest near lower support levels, indicating that the recent corrective phase may be nearing completion. The rebound has been accompanied by improving momentum indicators and a positive crossover in short-term price action, suggesting that buyers are gradually regaining control."
"Based on Orezone Gold Corporation Registered Shs' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of A$184.24 million and a net profit of A$39.2 million. In comparison, last year the company earned a revenue of A$82.72 million and had a net profit of A$15.98 million"