OceanaGold Philippines Inc. ended 2025 on a high note, hitting production targets, generating record cash flow, and returning hefty dividends to shareholders.
The listed mining company said that the Didipio mine produced 90,700 ounces of gold and 13,300 tonnes of copper for the year, meeting guidance despite slightly lower output than 2024. Fourth quarter alone delivered 23,800 ounces of gold and 3,200 tonnes of copper. Revenue surged to USD438.8 million, fueled by a record average realized gold price of USD3,494 per ounce.
Net income jumped to USD76.5 million from USD30.3 million in 2024, while free cash flow hit a record USD130.2 million.
Margins held strong, with all-in sustaining costs at USD1,255 per ounce for the year and USD1,422 in fourth quarter. The company closed the year debt free with a net cash position of USD84 million, giving management flexibility for exploration and underground expansion.
OceanaGold declared a fourth quarter dividend of USD38 million, equivalent to USD0.0167 per share, bringing total 2025 dividends to USD112 million. Since listing in May 2024, the company has returned USD181 million to investors.
Looking ahead, 2026 guidance targets 85,000–105,000 ounces of gold and 13,000–15,000 tonnes of copper, with expected all-in sustaining costs of USD975–USD1,100 per ounce.
OceanaGold chairman Brian Martin noted that the strong margins and free cash flow as a “solid platform for future growth” while reaffirming the company’s commitment to delivering returns and investing in underground productivity and near-mine exploration.
With metal prices near record highs and a clean balance sheet, OceanaGold Philippines enters 2026 well-positioned to expand production and maintain robust shareholder payouts.
