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OceanaGold Corporation (TSE:OGC)
TSX:OGC
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.1Last Year’s EPS
0.01Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: -5.69%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment with record financial and operational achievements, substantial reserve additions, and strong shareholder returns, though challenges such as ore hardness at Haile and production disruptions at Didipio present notable concerns.Company Guidance
During the OceanaGold Corporation's fourth-quarter and full-year 2024 earnings call, the company reported several record-breaking metrics, indicating strong performance and strategic growth. The company achieved record quarterly and annual net profits and a record $245 million in free cash flow, representing a 15% after-tax yield on its enterprise value. Gold production in the fourth quarter increased by 12%, while all-in sustaining costs per ounce decreased by 10% compared to the previous quarter. Haile, Macraes, and Waihi all contributed to higher production and lower unit costs. The company's reserves increased by 27% net of mining depletion, driven by exploration success. Additionally, OceanaGold generated an annual revenue of $1.3 billion, with an EBITDA margin of 58% in the quarter. The Board approved a doubling of the annual dividend and authorized up to $100 million in share buybacks for 2025, signaling strong shareholder returns. The guidance for 2025 and 2026 reflects organic growth, with a 20% increase in gold production expected by 2026, supported by investments in exploration and development.Record Production and Financial Performance
OceanaGold reported record quarterly and annual net profit, free cash flow, and production at Haile, with free cash flow of $245 million in 2024, representing a 15% after-tax yield on the enterprise value.
Reserve and Resource Increases
The company increased its reserves by 27% net of mining depletion with outstanding exploration results, notably adding 1.2 million ounces at 9.2 grams per tonne gold from the Wharekirauponga ore body at Waihi.
Strong Dividend and Share Buyback Program
The Board approved a doubling of the annual dividend and authorized up to $100 million in share buybacks for 2025, reflecting strong shareholder returns.
Operational Improvements at Waihi
Waihi delivered its best quarter since Martha Underground began operating in 2021, with improvements in remnant mining contributing to significantly lower all-in sustaining costs.
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TSE:OGC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:OGC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | C$4.39 | C$4.14 | -5.69% |
| Nov 06, 2024 | C$3.72 | C$3.97 | +6.72% |
| Jul 30, 2024 | C$3.56 | C$3.39 | -4.75% |
| Apr 30, 2024 | C$2.97 | C$3.08 | +3.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does OceanaGold Corporation (TSE:OGC) report earnings?
OceanaGold Corporation (TSE:OGC) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is OceanaGold Corporation (TSE:OGC) earnings time?
OceanaGold Corporation (TSE:OGC) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:OGC EPS forecast?
TSE:OGC EPS forecast for the fiscal quarter 2025 (Q1) is 0.1.
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