OceanaGold Reports Record Quarterly Net Profit

Core Insights - OceanaGold Corporation reported strong operational and financial results for Q2 2025, achieving record quarterly net profit and earnings per share, while maintaining a robust cash position and no debt [4][7][8]. Financial Performance - The company produced 119,500 ounces of gold and 3,700 tonnes of copper in Q2 2025, with a record average realized gold price of $3,293 per ounce [7][8]. - Record quarterly revenue reached $432 million, with a net profit of $118 million and adjusted earnings per share of $0.51 [8][11]. - Free Cash Flow for Q2 2025 was $120 million, contributing to a year-to-date total of $189 million, resulting in a trailing 12-month Free Cash Flow yield of 18% [7][8][40]. Cost Management - The All-In Sustaining Cost (AISC) for Q2 2025 was $2,027 per ounce, with year-to-date AISC at $1,915, indicating effective cost management within the guidance range [8][30]. - Consolidated cash costs were reported at $1,210 per ounce for Q2 2025, reflecting a decrease from the previous year [30]. Shareholder Returns - The company repurchased 3.9 million common shares for $40.6 million in the first half of 2025, with a total buyback program of up to $100 million approved [6][8]. - A quarterly dividend of $0.03 per share was declared, payable in September 2025, reinforcing the commitment to return value to shareholders [9][10]. Operational Outlook - The company is on track to meet full-year production, cost, and capital guidance, with ongoing waste stripping at key sites to access higher-grade ore [5][8]. - The permitting process for the Waihi North Project is progressing, with expectations for approval by year-end [5]. Management Changes - Mr. Keenan Jennings has been appointed as Chief Exploration Officer, effective September 29, 2025, succeeding Craig Feebrey, who is retiring [12]. - Bhuvanesh Malhotra will take over as Chief Operating Officer for all operations starting September 26, 2025 [13].