OceanaGold (Philippines), Inc., reported strong second quarter results, underscoring its position as one of the country’s most reliable and responsible mining companies. For the quarter ended June 30, 2025, the Company produced 24,500 ounces of gold and 3,700 tonnes of copper, generating $96 million in revenue and $15 million in net income. Gold was sold at a record average realized price of $3,295 per ounce, while margins remained robust with an all-in sustaining cost of $1,287 per ounce.
This indicates its financial strength and commitment to shareholder returns, and OceanaGold declared a $25 million dividend for the quarter $0.0110 per share, or approximately ₱0.624/share), bringing total dividends since its May 2024 IPO to $111 million.
For her part, Atty. Joan Adaci-Cattiling, President of OceanaGold Philippines, emphasized that the results highlight both operational excellence and the Company’s contribution to national development.
“We are delivering strong results while operating safely and responsibly. Beyond generating Free Cash Flow and shareholder returns, we are proud that 34% of our second quarter gold doré production was sold to the Bangko Sentral ng Pilipinas, directly supporting the country’s international reserves.”
Gold production in Q2 was 19% higher than the previous quarter, driven by improved underground ore grades and expanded mine access. OceanaGold remains on track to meet its 2025 production guidance of 85,000–105,000 ounces of gold and 13,000–15,000 tonnes of copper.
The company continues to build on its reputation as a trusted partner in the Philippine mining industry, by balancing operational growth with its responsibility to shareholders, local communities, and the national economy.
