OceanaGold Corp
TSX:OGC
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OceanaGold Corp
TSX:OGC
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OceanaGold Corp
OceanaGold Corp. is an intermediate gold and copper producer. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2007-06-19. The company has a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand. The gold, copper, and silver it produces are essential to the renewable energy and transport sectors, life-saving medical devices and technology which connects communities around the world. The Didipio gold and copper mine is in Luzon, Philippines. The company produces gold and silver as dore bars and copper in concentrate. The Macraes Operation on the South Island of New Zealand is an active gold producing mine. The operation includes a large-scale surface mine, an underground mine, and an adjacent process plant inclusive of an autoclave for pressure oxidation of the ore. Its Waihi Operation in the North Island of New Zealand is an underground operation. The Haile Gold Mine, located in Kershaw, South Carolina, is a gold mine on the East Coast.
OceanaGold Corp. is an intermediate gold and copper producer. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2007-06-19. The company has a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand. The gold, copper, and silver it produces are essential to the renewable energy and transport sectors, life-saving medical devices and technology which connects communities around the world. The Didipio gold and copper mine is in Luzon, Philippines. The company produces gold and silver as dore bars and copper in concentrate. The Macraes Operation on the South Island of New Zealand is an active gold producing mine. The operation includes a large-scale surface mine, an underground mine, and an adjacent process plant inclusive of an autoclave for pressure oxidation of the ore. Its Waihi Operation in the North Island of New Zealand is an underground operation. The Haile Gold Mine, located in Kershaw, South Carolina, is a gold mine on the East Coast.
Record Financial Year: OceanaGold achieved record annual EBITDA, EBITDA margins, net profit, EPS, operating cash flow, and free cash flow in 2025, driven by strong operational performance and high gold prices.
Strong Q4 Performance: The fourth quarter was the strongest of the year, with all sites increasing gold production and record free cash flow of $259 million, exceeding the total for all of 2024 in just one quarter.
Shareholder Returns: OceanaGold returned just over $200 million to shareholders in 2025 and plans to increase capital returns by 112% in 2026, including tripling its dividend and doubling the share buyback to up to $432 million.
2026 Guidance Raised: Management guided for 12% higher gold production and 7% lower all-in sustaining costs in 2026, with Haile expected to increase production by 35% and reduce unit costs by 25%.
Exploration Investment: Exploration capital is set to rise 2.5x in 2026 to $340 million, boosting development at Waihi North and Palomino underground at Haile, and expanding greenfield exploration.
Balance Sheet Strength: The company ended 2025 with $477 million in cash and no debt, its strongest balance sheet ever.
Mine Life Extensions: Technical reports are expected to show significant mine life extensions at Macraes and Haile due to higher reserve pricing and ongoing exploration.
NYSE Listing: OceanaGold plans to complete a New York Stock Exchange listing in April 2026.
