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OceanaGold ( (TSE:OGC) ) just unveiled an update.
OceanaGold has secured final government approval to develop and operate its Waihi North Project in New Zealand, including the high-grade Wharekirauponga underground mine, an expanded processing and water treatment plant, a new tailings storage facility, and increased exploration capacity. The board has already greenlit key early works, including selection of a tunnelling contractor expected to mobilize in the first half of 2026, bulk earthworks at the Willows portal site, and a power upgrade, with supporting infrastructure such as a services trench and water treatment expansion underway; together, these developments are poised to materially extend the life of the Waihi operation, boost gold production, and deliver significant investment, employment, and regional economic benefits while being funded from the company’s strong balance sheet.
The most recent analyst rating on (TSE:OGC) stock is a Buy with a C$52.00 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.
OceanaGold’s overall stock score reflects strong financial performance and positive technical indicators, supported by promising corporate events and optimistic earnings call guidance. The company’s fair valuation and strategic focus on growth and shareholder returns position it well in the gold industry, despite some operational challenges.
To see Spark’s full report on TSE:OGC stock, click here.
More about OceanaGold
OceanaGold Corporation is a multinational gold mining company listed in Toronto and trading over-the-counter in the U.S., with longstanding operations in New Zealand, including the Martha Underground mine at Waihi. The company focuses on developing and operating high-grade gold deposits under stringent environmental and social standards, positioning its New Zealand assets as a key pillar of its production base and long-term growth strategy.
Average Trading Volume: 883,909
Technical Sentiment Signal: Buy
Current Market Cap: C$8.81B
See more insights into OGC stock on TipRanks’ Stock Analysis page.