OceanaGold (TSE:OGC) has released an update.
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OceanaGold reported a significant boost in gold production for the third quarter of 2024, with a 37% increase from the previous quarter and record output from its Haile site. The company achieved a net profit of $61 million and generated substantial free cash flow, which it used to strengthen its balance sheet and increase shareholder returns. OceanaGold anticipates a strong fourth quarter, aiming to further capitalize on high gold prices and continue its growth initiatives.
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