OceanaGold Corporation ( (OCANF) ) has released its Q2 earnings. Here is a breakdown of the information OceanaGold Corporation presented to its investors.
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OceanaGold Corporation is a growing intermediate gold and copper producer with a commitment to safely and responsibly maximize free cash flow generation from its operations, boasting a portfolio of four operating mines across the United States, the Philippines, and New Zealand.
In its latest earnings report for the second quarter of 2025, OceanaGold announced a record quarterly net profit of $118 million, alongside a record adjusted earnings per share of $0.51. The company produced 119,500 ounces of gold and 3,700 tonnes of copper, maintaining its trajectory to meet full-year production, cost, and capital guidance.
Key financial highlights include a record quarterly revenue of $432 million, driven by a record average realized gold price of $3,293 per ounce, and a strong free cash flow of $120 million. The company also reported an EBITDA margin of 50% and increased its cash balance by 31% to $299 million, with no debt on its balance sheet. OceanaGold’s strategic initiatives include a share buyback program and a declared quarterly dividend of $0.03 per share, alongside preparations for a New York Stock Exchange listing in 2026.
Looking forward, OceanaGold’s management remains optimistic about its future, with ongoing exploration activities and strategic developments at its mining sites. The company is advancing open pit waste stripping at its Haile and Macraes sites and is progressing with permitting for the Waihi North Project, expecting approval by year-end. OceanaGold is focused on unlocking additional value for shareholders through its robust financial position and growth opportunities.