seekingalpha articleLooks like they pushed us down. ( dated april 19, when we started to stall / go down a bit )
Near Fully Valued Headed Into Q1 Earnings OceanaGold just came off a strong Q4 report, and expects to see a sharp increase in production this year helped by a full year of contribution from Didipio.
Looking out medium-term, the company will see improving production levels in 2024, helped by higher production from Haile Underground.
However, while production could recover to 2017 levels, costs have risen sharply, and at a $1,900/oz gold price assumption, there's been zero margin expansion.
So, with this recent rally pushing the stock to a valuation of ~1.17x P/NAV, I see this as an opportunity to book some profits.