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OceanaGold Corporation (TSE:OGC)
TSX:OGC
Holding TSE:OGC?
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.19Last Year’s EPS
0.01Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: 5.38%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Neutral
OceanaGold reported strong operational and financial achievements, including record gold production and free cash flow, along with successful cost reductions. However, challenges at Didipio and Waihi led to revised production guidance and increased capital expenditure, tempering the overall positive outlook.Company Guidance
During the OceanaGold Corporation's Q3 2024 earnings call, the company reported strong financial and operational performance, with a 37% increase in gold production and a significant reduction in all-in sustaining costs across all operations. The company generated $66 million in free cash flow for the quarter, with an average realized gold price of $2,500 per ounce, leading to a free cash flow margin of around $490 per ounce. Haile achieved record quarterly gold production of 64,900 ounces, contributing to lower costs, while Didipio produced around 28,000 ounces of gold and 3,400 tonnes of copper, despite weather challenges. Overall, OceanaGold expects the fourth quarter to be the strongest of the year, anticipating gold production between 142,000 and 162,000 ounces and a further reduction in all-in sustaining costs to $1,400-$1,650 per ounce. However, full-year consolidated production guidance was adjusted to 480,000-500,000 ounces, slightly below the original forecast, due to operational challenges at Didipio and Waihi.Record Gold Production and Free Cash Flow
OceanaGold produced 37% more gold quarter-on-quarter and reported a record $66 million in free cash flow, driven by record production at Haile and high gold prices.
Financial Performance and Revenue Growth
The company achieved a record $345 million in revenue with a net profit of $61 million. Adjusted earnings per share doubled from the previous quarter to $0.09.
Cost Reduction Achievements
All-in sustaining cost (AISC) decreased by 19% from the prior quarter, mainly due to a 30% increase in gold sales volumes and byproduct credits.
Haile Operation Success
Haile produced a record 64,900 ounces of gold, leading to lower AISC. The operation is expected to continue strong production in the fourth quarter.
Exploration and Growth Initiatives
Significant exploration results were announced at Haile and WKP. The Waihi North Project is considered for Fast-track consenting by the New Zealand government.
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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 |
|---|---|---|---|
| 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% |
| Feb 22, 2024 | C$2.75 | C$2.59 | -6.13% |
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 Feb 25, 2025, TBA Not Confirmed.
What is OceanaGold Corporation (TSE:OGC) earnings time?
OceanaGold Corporation (TSE:OGC) earnings time is at Feb 25, 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 2024 (Q4) is 0.19.
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