OceanaGold Corp T.OGC

Alternate Symbol(s): OCANF

Metals & Mining Gold

OceanaGold Corporation is an intermediate gold and copper producer. It has a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand. The gold, copper, and silver it produces are essential to the renewable energy and transport sectors, life-saving medical devices and technology which connects communities around the world. The Didipio gold and copper mine is in Luzon, Philippines. It produces gold and silver as dore bars and copper in concentrate. The Macraes Operation on the South Island of New Zealand is an active gold producing mine. The operation includes a large-scale surface mine, an underground mine, and an adjacent process plant inclusive of an autoclave for pressure oxidation of the ore. Its Waihi Operation in the North Island of New Zealand is an underground operation. The Haile Gold Mine, located in Kershaw, South Carolina, is a gold mine on the East Coast.

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OceanaGold Corp > Q2 results

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Comment by Esther1on Aug 01, 2023 9:16pm

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Post# 35568046

RE:Q2 results

Agreed. Good quarter and stock should have a nice pop, all else being equal.

Free cash flow is key.

On track to meet full-year 2023 consolidated production, cost and capital guidance.
12MMA total recordable injury frequency rate of 3.5 per million hours worked.
Consolidated production of 130,055 ounces of gold and 3,400 tonnes of copper.
All-In Sustaining Costs ("AISC") of $1,318 per ounce on gold sales of 139,071 ounces.
Free Cash Flow of $72.3 million.
Revenue of $301 million, EBITDA of $153 million and NPAT of $69 million.
Adjusted earnings of $0.10 per share and operating cash flow of $0.21 per share.
Record first half revenue of $545 million and EBITDA of $253 million.
First Half 2023 NPAT of $108 million.
Net debt of $136 million as at June 30, 2023 at a leverage ratio of 0.34 times.
Haile underground on track, with first ore to the mill expected in the fourth quarter of 2023.
Obtained regulatory approval for a third drill rig at Wharekirauponga, drilling began in July.
Semi-annual dividend of $0.01 approved by the Board, to be paid October 6, 2023.