OceanaGold (Philippines), Inc. (OGP) has sold approximately 6,684 ounces of gold doré—or 31% of its 2025 annual gold production—to the Bangko Sentral ng Pilipinas (BSP), exceeding its minimum commitment under their gold buying agreement and reinforcing investor confidence in the country’s reserve position amid ongoing global economic uncertainty.
The higher gold delivery highlights the strategic value of responsible mining investments in supporting the Philippines’ financial stability, reserve diversification, and long-term economic resilience.
“Our continued gold sales to the BSP reflect our commitment to reinforce the country’s broader economic resilience,” said Atty. Joan Adaci-Cattiling, OGP President and General Manager for External Affairs and Social Performance.
Under the agreement, OGP committed to offer at least 25% of its annual gold doré production to the BSP from March 2025 to March 2028. Gold doré refers to a semi-refined alloy composed mainly of gold and silver produced during mining operations.
“With our purpose of mining gold for a better future, this partnership with the BSP demonstrates how responsible resource development can support both economic stability and long-term growth,” Adaci-Cattiling added.
Since the agreement was first signed in May 2022, OceanaGold has sold around 37,744.5 ounces of gold to the BSP, consistently meeting or exceeding its annual commitments.
Gold remains a key reserve asset for central banks worldwide, valued for its role as a hedge against inflation, currency volatility, and global market disruptions.