OceanaGold (Philippines), Inc. has sharply increased its contribution to the national treasury, remitting P2.14 billion in Additional Government Share (AGS) for fiscal year 2025.
The payment was formally turned over to the Department of Environment and Natural Resources (DENR) on April 28, 2026, in line with the terms of the company’s Financial or Technical Assistance Agreement (FTAA).
The latest remittance lifts OceanaGold Philippines’ cumulative AGS contributions since 2023 to P3.74 billion, underscoring how responsible mineral development can translate into tangible fiscal gains for the government and support national priorities.
The 2025 AGS marks a 4-and-half time surge from the P466.86 million remitted the previous year, driven by strong operational performance and favorable commodity prices. The turnover ceremony, held at the DENR Central Office, was witnessed by officials from the DENR, the Mines and Geosciences Bureau, and other government stakeholders.
DENR Secretary Juan Miguel “Mitch” Cuna said the remittance highlights the sector’s role in national development. “This demonstrates that mining done responsibly generates meaningful contributions to national development while ensuring direct benefits to host and neighboring communities,” he said, adding that the payment reflects compliance with regulations and recognition of the state’s rightful share in mineral resource utilization.
For OceanaGold Philippines, the higher AGS underscores the link between operational efficiency, environmental stewardship, and public value creation.
“Stronger operational performance translates into greater value for the government and the Filipino people,” said Atty. Joan Adaci-Cattiling, President and General Manager for Social Performance and External Affairs. “As our operations perform well, so does our contribution to the government’s fiscal space.”
The AGS payment comes on top of other fiscal contributions in 2025, including P1.78 billion in production taxes, P2.81 billion in income taxes, and P506.9 million in local business taxes—reinforcing the company’s role as a key revenue contributor at both national and local levels.
Beyond taxes, the company said it has invested more than P4.43 billion in host and neighboring communities through programs focused on livelihoods, agriculture, education, health, and infrastructure.
These initiatives are implemented through its Corporate Social Responsibility programs and various development funds.
Under the FTAA framework, the Philippine government receives 60 percent of net revenues, while the contractor retains 40 percent, ensuring the state captures a fair share of mineral resource utilization while allowing for a reasonable return on investment.
OceanaGold Philippines said its future contributions will remain tied to production levels, global gold and copper prices, and operational efficiency. Despite market volatility, the company expressed confidence in sustaining responsible operations and maintaining its role as a long-term partner in national development.
