#Canada #Vancouver #mining #OceanaGold #Gold Production

OceanaGold Reports Third Quarter 2025 Results

OceanaGold Corporation (TSX: OGC, OTCQX: OCANF) recently announced its financial and operational results for the third quarter of 2025. The company remains firmly on track to achieve its production and cost guidance for the complete year. With a robust fourth quarter on the horizon, OceanaGold is poised for significant growth.

Financial Highlights

In Q3 2025, OceanaGold produced 103,500 ounces of gold and 3,100 tonnes of copper. The company's figures highlight a remarkable all-in sustaining cost (AISC) of $2,052 per ounce year-to-date, with expectations for further cost reductions in Q4 as gold production ramps up. They generated a record quarterly revenue of $449 million, buoyed by an average realized gold price of $3,476 per ounce. The company reported a net profit attributable to shareholders of $87 million this quarter, translating to earnings per share (EPS) of $0.38.

OceanaGold also experienced a significant 12% rise in cash balances, concluding the quarter with $335 million and no outstanding debt. To create added value for shareholders, a share buyback program has been amplified by 75%, targeting $175 million in total repurchases for 2025—$100 million has been successfully repurchased so far. A quarterly dividend of $0.03 per share has also been declared, which is set to be dispersed in December 2025.

Operational Updates

Gerard Bond, President and CEO, noted that the third quarter was a testament to OceanaGold's commitment to safe and responsible production despite being a planned lower production quarter. Investments in waste stripping at the Haile and Macraes mines have positioned the company favorably for Q4. Both operations are set to deliver fresh, higher-grade ore, which will likely lead to increased operational efficiency and profitability in the coming months.

Ongoing exploration at the Haile site continues to showcase potential for low-risk organic growth, reinforcing OceanaGold's strategy of capitalizing on existing assets. Furthermore, they anticipate expedited permit approvals for the Waihi North Project, which includes the promising high-grade Wharekirauponga underground, by the end of this year. These developments underline OceanaGold's focus on strategic growth while maintaining a solid financial foundation.

Looking Ahead

With Q4 approaching, OceanaGold is well-positioned to maximize its growth opportunities and meet its operational targets for the year. The company’s proactive approach in share buybacks, dividends, and investment in organic growth highlight a robust commitment to enhancing shareholder value. As the gold market continues to evolve, OceanaGold remains steadfast in its mission to safely and responsibly increase production and cash flow.

Conclusion

OceanaGold’s Q3 2025 results illustrate a responsible and strategic approach to mining while also setting the stage for an optimistic future. Stakeholders can look forward to a strong fourth quarter and beyond as the company continues its upward trajectory in production and profitability. For more information on their detailed operational and financial results, visit OceanaGold's website.