Record Financial Performance
OceanaGold reported record net profit of $118 million and record earnings per share of $0.49 for Q2 2025, with adjusted EPS at $0.51. The company generated a strong free cash flow of $120 million and EBITDA of $217 million.
Strong Cash Position and No Debt
The company increased its cash balance by 31% from last quarter, ending Q2 2025 with approximately $300 million in cash and maintaining a strong balance sheet with zero debt.
Operational Excellence
OceanaGold achieved solid production and cost performance in line with their full-year guidance. Gold production was strong across all sites, with significant performance improvements noted at Haile, Didipio, and Macraes.
Positive Market Conditions
OceanaGold benefited from a favorable gold price environment, with a record average realized gold price of just under $3,300 per ounce.
Strategic Growth Initiatives
Significant progress was made on organic growth opportunities, including advancing permitting for the Waihi North project in New Zealand and planning a New York Stock Exchange listing in the first half of 2026.