OceanaGold Corporation reported its operational and financial results for the three and six months ended June 30, 2025. The condensed interim consolidated financial statements and Management’s Discussion and Analysis (MD&A) are available at the company’s web. On track to deliver full year production, cost and capital guidance.
Safely and responsibly produced 119,500 ounces of gold. All-In Sustaining Cost (AISC) of $2,027 per ounce in the quarter, resulting in $1,915 year to date, at the low-end of guidance range. Record quarterly revenue of $432 million supported by record average realized gold price of $3,293 per ounce, with no hedges or prepays.
Gerard Bond, President and CEO of OceanaGold, said: “We are pleased to have had another safe, responsible and strong quarter, with us being on track to deliver full year production, cost and capital guidance. Our production and cost performance, together with being a fully unhedged gold producer with no prepays, drove record quarterly net profit and earnings per share, and delivered strong Free Cash Flow.
With no debt and a strengthening cash balance, our exceptional financial position continues to provide us the flexibility to invest in our exciting organic growth opportunities and deliver enhanced shareholder returns via dividends and our recently renewed and expanded share buyback program.
Looking ahead, open pit waste stripping is advancing as planned at Haile in Ledbetter Phase 3 and at Macraes in Innes Mills Phase 8, setting us up for a strong fourth quarter and 2026 as we gain access to higher grade ore at our two largest sites. Permitting of our Waihi North Project, which includes the high-grade Wharekirauponga underground, is progressing and we continue to expect approval by year end.
Building on the success at Wharekirauponga, where we recently announced an extension of the strike length, exploration is ongoing on promising targets at all sites as we remain focused on unlocking additional value for shareholders.”
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