OceanaGold (OCANF)
OTHER OTC:OCANF
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.12Last Year’s EPS
0.42Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial story: record 2025 results (EBITDA ≈ $1B, $543M free cash flow), robust balance sheet (no debt, $477M cash), ambitious 2026 guidance (midpoint +12% production, -7% AISC) and materially increased shareholder returns and exploration investment. Headwinds mentioned were manageable: share‑based compensation reduced EPS by ~$0.26 in Q4, labor cost inflation (single‑digit) and a ~ $70/oz cash‑cost effect from deferred stripping accounting. Didipio unit costs were at the top of guidance and management emphasized conservative guidance there. Overall, the highlights (strong cash generation, operational improvements, balance sheet strength and growth optionality) outweigh the lowlights, though increased exploration and capital returns introduce execution and cash deployment risk.Company Guidance
Record Financial Performance and Cash Generation
Delivered record 2025 financials including record annual EBITDA (~$1.0 billion), record net profit, EPS, operating cash flow and free cash flow. Generated $543 million of free cash flow for 2025 and a Q4 free cash flow of $259 million (Q4 exceeded total free cash flow of 2024). Achieved a free cash flow yield of 15% on average 2025 market capitalization.
Strong Quarterly Operational Delivery
Q4 2025 was the strongest production quarter of the year with all four sites increasing gold ounces produced and each meeting production guidance. Site Q4 production: Haile ~56,000 oz; Macraes ~56,000 oz; Waihi ~22,000 oz; Didipio ~24,000 oz and ~3,200 t copper.
Significant Guidance Upside for 2026
2026 midpoint guidance projects ~12% higher gold production versus 2025 and a ~7% lower all-in sustaining cost (AISC). Haile production is expected to increase ~35% in 2026 (driven by 2025 waste stripping providing access to high-grade ore).
Balance Sheet Strength and Capital Returns
No debt, no gold hedges, no prepays or financing royalties. Cash of $477 million at quarter end (up 42% from prior quarter). Returned just over $200 million to shareholders in 2025 (doubled quarterly dividend and increased buybacks). For 2026 the Board approved up to $432 million of capital returns (tripling the quarterly dividend and doubling the buyback), a 112% increase year-over-year.
Margin Expansion and Profitability Metrics
Q4 adjusted EBITDA surged 49% year-over-year and adjusted EBITDA margins expanded to 57%. Adjusted net profit and adjusted EPS roughly doubled year-over-year. Return on capital employed was ~18% in 2025 (double 2024).
Operational Improvements at Key Mines
Haile: reached Ledbetter open pit ore, Horseshoe underground development a year ahead of mine sequence, crusher upgrades improved mill throughput; Haile technical report to show >200,000 oz/year (2026–2031). Macraes: fourth-quarter access to higher-grade open pit ore drove AISC < $1,300/oz and an updated technical report will show a 5-year life extension to 2032 using a $2,200/oz assumption. Waihi: turnaround with strongest quarterly production and meeting AISC guidance. Didipio: resilience investments protected production during extreme weather.
Exploration and Growth Acceleration
Exploration capital planned to increase materially to $340 million in 2026 (≈2.5x vs 2025), with increased drill programs at Waihi North (resource-to-reserve conversion and brownfields growth), Palomino underground development at Haile, and stepped-up activity across all sites and new earn-in agreements (Nevada, South Carolina).
Operational Discipline on Cost & Capital
Maintained discipline while converting higher gold prices into bottom-line returns. Sustaining capital spend projected to decline year-over-year overall (offset by higher targeted reliability/plant spend) and capital allocation prioritized growth, exploration and shareholder returns.
OCANF 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
OCANF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 18, 2026 | $37.86 | $37.95 | +0.24% |
Nov 05, 2025 | $21.89 | $22.34 | +2.05% |
Aug 06, 2025 | $14.33 | $15.80 | +10.27% |
May 07, 2025 | $10.89 | $12.23 | +12.30% |
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.
FAQ
When does OceanaGold (OCANF) report earnings?
OceanaGold (OCANF) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is OceanaGold (OCANF) earnings time?
OceanaGold (OCANF) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OCANF EPS forecast?
OCANF EPS forecast for the fiscal quarter 2026 (Q1) is 1.12.