OceanaGold Corp T.OGC

Q2 results

[Awarded]

Q2, June 30, 2023 results look very good. Everything appears on course for an excellent year.  Assuming no tragic events for the rest of the year, guidance at the upper end will be reached on most metrics. The share price should pop tomorrow.

My rough projections for the year are:
Revenue up >12%
Operating costs down 5%
EBITA up 32%
Net Profit up 56%
Earnings per share up 68%
Operating cash flow up 23%

I calculate and track the AISC contribution for each mine (Average Gold Price -AISC for the mine).  What is nice to see is that every mine this quarter is positive. All mines are contributing.

I just wish Didipio produced more, because its contribution per ounce is excellent.

[Esther1]

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