Investors holding shares by March 6, 2025, will receive $0.01 per share on April 1, 2025, with payments converted to Philippine pesos at the prevailing exchange rate.
The latest payout reflects the company’s solid financial performance, backed by strong gold prices and $109 million in free cash flow.
Management’s view
“While 2024 production was impacted by underground mine redesign and resequencing work as well as severe weather events, we still finished the year capitalizing on record-high gold prices and delivering strong free cash flow of $109 million for the full year 2024,” Peter Sharpe, OceanaGold Philippines chair, said in a stock exchange filing.
“Our priority for 2025 is to operate the Didipio mine safely and responsibly, to deliver on our guidance, and to take advantage of today’s strong gold prices to deliver robust free cash flow and dividends to our shareholders,” he added.
