OceanaGold (Philippines) Inc. (OGP) reported a 67.8 percent surge in net income for the first nine months of 2025, reaching $49 million from $29.2 million a year earlier, driven by record-high gold prices.
In a regulatory filing, the listed mining firm reported revenue rising 20.6 percent to $317.2 million from $263 million in the same period last year. Gold prices hit a record $3,415 per ounce during the quarter, offsetting a 13.5 percent drop in gold output to 66,900 ounces.
Meanwhile, copper production climbed 10.9 percent to 10,200 tons from 9,200 tons in 2024.
“As we move through the last quarter of the year, we remain focused on delivering on our guidance, with underground mining rates expected to normalize by the end of 2025,” said Joan Adaci-Cattiling, OGP president, adding that the company aims to sustain strong shareholder returns and expand near-mine exploration.
OGP operates the Didipio copper-gold mine in Nueva Vizcaya and Quirino, and projects 2025 output at 85,000 to 105,000 ounces of gold and 13,000 to 15,000 tons of copper.
