Orezone Gold Corporation

TSX:ORE Stock Report

Market Cap: CA$288.7m

Orezone Gold Management

Management criteria checks 2/4

Orezone Gold's CEO is Paddy Downey, appointed in May 2017, has a tenure of 7.58 years. total yearly compensation is $1.45M, comprised of 33.8% salary and 66.2% bonuses, including company stock and options. directly owns 1.56% of the company’s shares, worth CA$4.49M. The average tenure of the management team and the board of directors is 6.3 years and 4.5 years respectively.

Key information

Paddy Downey

Chief executive officer

US$1.4m

Total compensation

CEO salary percentage33.8%
CEO tenure7.6yrs
CEO ownership1.6%
Management average tenure6.3yrs
Board average tenure4.5yrs

Recent management updates

Recent updates

Orezone Gold Corporation (TSE:ORE) Stock's 28% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Nov 20
Orezone Gold Corporation (TSE:ORE) Stock's 28% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Orezone Gold's (TSE:ORE) Shareholders Have More To Worry About Than Only Soft Earnings

Nov 14
Orezone Gold's (TSE:ORE) Shareholders Have More To Worry About Than Only Soft Earnings

Solid Earnings Reflect Orezone Gold's (TSE:ORE) Strength As A Business

Apr 02
Solid Earnings Reflect Orezone Gold's (TSE:ORE) Strength As A Business

Need To Know: The Consensus Just Cut Its Orezone Gold Corporation (TSE:ORE) Estimates For 2024

Mar 29
Need To Know: The Consensus Just Cut Its Orezone Gold Corporation (TSE:ORE) Estimates For 2024

Is Orezone Gold (TSE:ORE) Using Too Much Debt?

Mar 05
Is Orezone Gold (TSE:ORE) Using Too Much Debt?

Under The Bonnet, Orezone Gold's (TSE:ORE) Returns Look Impressive

Dec 04
Under The Bonnet, Orezone Gold's (TSE:ORE) Returns Look Impressive

The Trend Of High Returns At Orezone Gold (TSE:ORE) Has Us Very Interested

Aug 15
The Trend Of High Returns At Orezone Gold (TSE:ORE) Has Us Very Interested

Orezone Gold Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

May 11
Orezone Gold Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Would Orezone Gold (TSE:ORE) Be Better Off With Less Debt?

Nov 11
Would Orezone Gold (TSE:ORE) Be Better Off With Less Debt?

Is Orezone Gold (TSE:ORE) A Risky Investment?

Aug 07
Is Orezone Gold (TSE:ORE) A Risky Investment?

Is Orezone Gold (TSE:ORE) Using Too Much Debt?

Apr 24
Is Orezone Gold (TSE:ORE) Using Too Much Debt?

CEO Compensation Analysis

How has Paddy Downey's remuneration changed compared to Orezone Gold's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$30m

Jun 30 2024n/an/a

US$30m

Mar 31 2024n/an/a

US$32m

Dec 31 2023US$1mUS$491k

US$43m

Sep 30 2023n/an/a

US$43m

Jun 30 2023n/an/a

US$38m

Mar 31 2023n/an/a

US$29m

Dec 31 2022US$1mUS$318k

US$930k

Sep 30 2022n/an/a

-US$7m

Jun 30 2022n/an/a

-US$15m

Mar 31 2022n/an/a

-US$21m

Dec 31 2021US$1mUS$340k

-US$19m

Sep 30 2021n/an/a

-US$19m

Jun 30 2021n/an/a

-US$15m

Mar 31 2021n/an/a

-US$14m

Dec 31 2020US$610kUS$212k

-US$18m

Sep 30 2020n/an/a

-US$19m

Jun 30 2020n/an/a

-US$20m

Mar 31 2020n/an/a

-US$23m

Dec 31 2019US$378kUS$231k

-US$21m

Sep 30 2019n/an/a

-US$20m

Jun 30 2019n/an/a

-US$17m

Mar 31 2019n/an/a

-US$16m

Dec 31 2018US$378kUS$220k

-US$15m

Sep 30 2018n/an/a

-US$12m

Jun 30 2018n/an/a

-US$10m

Mar 31 2018n/an/a

-US$10m

Dec 31 2017US$880kUS$199k

-US$9m

Compensation vs Market: Paddy's total compensation ($USD1.45M) is above average for companies of similar size in the Canadian market ($USD737.53K).

Compensation vs Earnings: Paddy's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Paddy Downey (64 yo)

7.6yrs

Tenure

US$1,449,786

Compensation

Mr. Patrick G. Downey, also known as Paddy, P.Eng, serves as Independent Director at Fireweed Metals Corp. since September 12, 2023. He is President and Chief Executive Officer at Orezone Gold Corporation...

Leadership Team

NamePositionTenureCompensationOwnership
Patrick Downey
President7.6yrsUS$1.45m1.56%
CA$ 4.5m
Peter Tam
Executive VP & CFO6.8yrsUS$833.95k0.25%
CA$ 731.2k
Ryan Goodman
Senior VP & General Counsel5.8yrsUS$551.69k0.16%
CA$ 452.9k
Robert Henderson
Vice President of Projects1.9yrsUS$476.98k0.0043%
CA$ 12.4k
Kevin Mackenzie
Vice President of Corporate Development & Investor Relationno datano data0.028%
CA$ 80.4k

6.3yrs

Average Tenure

Experienced Management: ORE's management team is seasoned and experienced (6.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Patrick Downey
President13.7yrsUS$1.45m1.56%
CA$ 4.5m
Joseph Conway
Independent Director10.2yrsUS$147.17k0.15%
CA$ 435.2k
A. Doyle
Independent Director2.5yrsUS$153.96k0.030%
CA$ 88.1k
Terence Harvey
Independent Chairless than a yearno data0.064%
CA$ 186.0k
Tara Hassan
Independent Directorless than a yearno data0.0064%
CA$ 18.6k
Kate Harcourt
Independent Director6.5yrsUS$147.54k0.074%
CA$ 213.9k
Matthew Quinlan
Director1.5yrsUS$118.50k0.013%
CA$ 36.1k
Marco LoCascio
Independent Director6.5yrsUS$141.88k0.21%
CA$ 616.0k

4.5yrs

Average Tenure

64yo

Average Age

Experienced Board: ORE's board of directors are considered experienced (4.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:04
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Orezone Gold Corporation is covered by 16 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew BreichmanasBMO Capital Markets Equity Research
Carey MacRuryCanaccord Genuity
Stuart McDougallCasimir Capital Limited