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OceanaGold ( (TSE:OGC) ) has shared an update.
OceanaGold reported year-end 2025 mineral reserves of 5.83 million ounces of gold, measured and indicated resources of 8.63 million ounces, and inferred resources of 2.5 million ounces, supported by a higher gold price assumption of $2,200 per ounce for reserves and $2,450 per ounce for resources. The company plans to boost exploration spending by 50% to $60 million in 2026, underscoring its strategy of organic growth across its portfolio.
At Haile, the company has converted the final Ledbetter open pit phase into an underground mine, declaring an initial 0.44 million-ounce underground reserve that removes lower-margin open pit ounces, improves net present value, and extends site mine life to 2036. This shift, combined with ongoing open pit mining and Palomino Underground’s planned 2028 start, is expected to deliver a more sustainable and de‑risked production profile averaging 210,000 ounces annually from 2027 to 2031.
Macraes has leveraged the higher reserve gold price to make previously marginal open pits economic, adding cutbacks at Innes Mills, Coronation, Coronation North, and Golden Bar that extend mine life to 2032 alongside Golden Point Underground. At Wharekirauponga, OceanaGold added 0.16 million ounces of inferred resources and plans significant resource conversion and growth drilling in 2026, while updated NI 43‑101 technical reports for Haile, Macraes, and Didipio will provide reserve-based life-of-mine plans and cost frameworks in 2026.
The most recent analyst rating on (TSE:OGC) stock is a Buy with a C$64.00 price target. To see the full list of analyst forecasts on OceanaGold stock, see the TSE:OGC Stock Forecast page.
Spark’s Take on TSE:OGC Stock
According to Spark, TipRanks’ AI Analyst, TSE:OGC is a Outperform.
The score is driven primarily by strong financial performance (high margins, improving free cash flow, and very low leverage) and a supportive earnings outlook with strong cash generation and enhanced shareholder returns. Technicals confirm a strong uptrend, but overbought signals temper the rating, and valuation support is moderate given a mid-range P/E and low dividend yield.
To see Spark’s full report on TSE:OGC stock, click here.
More about OceanaGold
OceanaGold Corporation is a multinational gold mining company listed on the TSX and OTCQX, operating four producing assets including Haile in the U.S., Macraes and Waihi in New Zealand, and Didipio in the Philippines. The company focuses on organic reserve and resource growth through exploration, with an increasing emphasis on underground operations and disciplined use of higher gold price assumptions to extend mine life and enhance project economics.
Average Trading Volume: 720,757
Technical Sentiment Signal: Buy
Current Market Cap: C$11.88B
For detailed information about OGC stock, go to TipRanks’ Stock Analysis page.