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OceanaGold Posts Record Free Cash Flow, Ups 2026 Output and Payouts

Story Highlights
  • OceanaGold beat 2025 guidance, delivered record free cash flow, ended debt-free, and advanced key permits and an NYSE listing.
  • For 2026, the miner targets higher gold output at lower costs while sharply increasing dividends and share buybacks for investors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
OceanaGold Posts Record Free Cash Flow, Ups 2026 Output and Payouts

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The latest announcement is out from OceanaGold ( (TSE:OGC) ).

OceanaGold reported that 2025 gold production reached 497,600 ounces, slightly above guidance mid-point, with all-in sustaining costs of $1,966 per ounce and record quarterly and annual financial performance. The miner ended the year debt-free with $477 million in cash, generated record free cash flow of $543 million, and completed $175 million of share repurchases while securing final permits for the Waihi North project and preparing for a New York Stock Exchange listing.

For 2026 the company guides to 12% gold production growth to 520,000–590,000 ounces, led by Haile, alongside a 7% reduction in all-in sustaining costs to $1,750–$1,900 per ounce. Reflecting stronger cash generation, the board has tripled the quarterly dividend to $0.09 per share and doubled the 2026 share buyback authorization to up to $350 million, implying potentially higher capital returns and an enhanced market profile for investors.

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 precious metals producer listed in Toronto and on the OTCQX, with operations spanning multiple gold and copper mining sites including the Haile mine. The company focuses on gold production with a growing copper by-product, targeting disciplined cost control and capital returns to shareholders as it strengthens its balance sheet and expands its project pipeline, notably in New Zealand at Waihi North and via a planned New York Stock Exchange listing.

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.

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