OceanaGold (Philippines), Inc. is raising its social investments to a combined P569 million in 2026, marking a significant increase following strong operational and financial performance in 2025 and reinforcing its push for community-centered mining.
The allocation includes P250.24 million for its Community Development Fund (CDF), P125.12 million for its Provincial Development Fund (PDF), and P195.75 million for its Social Development and Management Program (SDMP). The CDF and PDF both posted a 29 percent year-on-year increase, while SDMP funding also edged higher from P190.98 million in 2025, indicating sustained prioritization of host communities.
The expanded budget will support a wide range of projects across Nueva Vizcaya and Quirino, including irrigation systems, farm-to-market and village roads, water distribution facilities, and upgrades to health and child development centers. Investments will also cover rehabilitation of multi-purpose buildings, livelihood programs for farmers and other sectors, and comprehensive scholarship initiatives.
These programs now benefit more than 400 barangays. The SDMP directly supports Barangay Didipio and 10 adjacent communities surrounding the Didipio Mine, while the CDF has expanded to nearly 200 barangays across key municipalities. The PDF continues to finance projects identified as priorities by provincial governments under their development plans.
Implementation follows a participatory approach, with barangays and local governments identifying priority needs, supported by oversight from the Mines and Geosciences Bureau and other agencies including the Commission on Human Rights and the National Commission on Indigenous Peoples.
Unique to the Didipio Mine, the CDF and PDF are directly linked to revenues, equivalent to 1 percent and 0.5 percent of gross mining revenues, respectively, under its renewed Financial or Technical Assistance Agreement, aligning financial performance with inclusive, community-driven development outcomes.
