The company produced 21,900 ounces of gold and 3,100 tonnes of copper, supported by a record average realized gold price of $3,415 per ounce and lower costs of $1,213 per ounce.
Earnings climbed to $27 million, while free cash flow hit a strong $59.3 million—helping the miner end the quarter with $71.3 million in cash and no debt.
Stock price nearly doubled in 2025
OceanaGold shares jumped 10.88 percent to P27 each on Thursday, adding to gains of about 92 percent so far in 2025 and valuing the miner at P61.6 billion.
Management’s view
“We are pleased to report another safe and responsible quarter, with gold and copper production delivered to plan. We continued to benefit from strong gold and copper prices, which led to record quarterly revenue and robust free cash flow of $59 million,” said OceanaGold Philippines president Atty. Joan Adaci-Cattiling.
“We are also pleased to declare a third quarter dividend of $32 million and bringing total dividends since our May 2024 listing to $143 million,” she added.
The company declared a $0.014 per share dividend, equivalent to about P0.81, payable on Dec. 17 to shareholders of record as of Nov. 20.
—Edited by Miguel R. Camus
