#Canada #Vancouver #Free Cash Flow #OceanaGold #Production Guidance

OceanaGold's Stellar Year in Review

In a remarkable 2025, OceanaGold Corporation (TSX: OGC) (OTCQX: OCANF) has outdone themselves, showing robust operational performance and achieving financial milestones that surpass market expectations. With the end of the fiscal year on December 31, 2025, the company reported an impressive 497,600 ounces of gold production, aligning above their mid-point guidance. This production was bolstered in the fourth quarter, where they extracted 157,400 ounces of gold and 3,200 tonnes of copper, marking a 52% increase from the previous quarter.

Financial Highlights

Q4 2025 witnessed a record revenue surge, hitting $652 million, further enhanced by an incredible average realized gold price of $4,227 per ounce. The company's All-In Sustaining Cost (AISC) fell to $1,966 per ounce, representing a 25% decrease in costs during the quarter alone. Adjusted EBITDA margins soared to 57%, with a record operating cash flow per share of $1.21 and a net profit of $328 million, leading to an earnings per share (EPS) of $1.44.

One of the standout achievements includes a record high in free cash flow, totaling $543 million for the year, leaving the company with a robust cash balance of $477 million and zero debt. This strategic financial positioning allows OceanaGold to declare a $0.09 per share dividend, tripling the recent dividend and providing significant returns to shareholders. Moreover, share repurchases were also a major focus, with $175 million allocated for the buyback, which will increase to $350 million in 2026.

Looking Ahead: 2026 Guidance

As OceanaGold gears up for 2026, they have set ambitious production goals with expectations of a 12% increase to between 520,000 to 590,000 ounces of gold, driven primarily by the operations at their Haile Gold Mine. The company anticipates lowering its AISC by 7% to a range of $1,750 to $1,900 per ounce. Investment capital is projected to be around $340 million, indicating an aggressive approach to both development and exploration.

This strategic runway includes further investments in the sustaining of existing operations and the commencement of new projects, notably the Waihi North Project and the Palomino Underground development at Haile, along with a 50% increase in exploration investments.

Commitment to Shareholders and the Future

Gerard Bond, President and CEO of OceanaGold, highlighted the significance of 2025, stating, "With strong operational execution translating to record financial outcomes and shareholder returns, we are steadfast in enhancing shareholder value. Our commitment to robust capital allocation and exploration investments positions us critically for growth."

The company also plans to enhance their market presence by getting listed on the New York Stock Exchange (NYSE) in early April 2026, a move poised to attract a wider investor base as they look to broaden liquidity and capitalize on future opportunities.

Conclusion

Overall, 2025 was a landmark year for OceanaGold, filled with achievements and setting a solid foundation for continued growth in 2026. The company is excited to unveil new projects and eagerly anticipates what the coming year holds. With a mixture of strategic planning and bolstered financial strength, OceanaGold is positioned to navigate the complexities of the mining industry while prioritizing shareholder returns.