Listed mining company OceanaGold (Philippines) Inc. (OGPI) on Thursday reported turning over ₱2.14 billion as additional government share (AGS) for fiscal year 2025.
In a statement, OGPI said the payment was submitted to the Department of Environment and Natural Resources under Secretary Juan Miguel Cuna, in line with its Financial or Technical Assistance Agreement (FTAA).
With this latest remittance, the company’s total AGS contributions since 2023 have reached ₱3.74 billion, which the government can use for public services.
OGPI said its 2025 AGS is 358.68 percent higher than the ₱466.86 million it paid in the previous fiscal year, citing stronger operations and favorable market conditions as the main reasons for the increase.
Government officials said the payments show how responsible mining contributes to national development and supports communities near mining sites.
The company also noted that the AGS is separate from other 2025 payments, including ₱1.78 billion in production taxes, ₱2.81 billion in income tax, and ₱506.9 million in local business taxes.
Under the FTAA arrangement, the government receives 60 percent of net revenues while OGPI retains 40 percent, with taxes and fees already deducted from the state’s share when computing any additional government share.
OGPI operates the Didipio copper and gold mine in Nueva Vizcaya and Quirino. The company expects the mine to produce between 85,000 to 105,000 ounces of gold and 13,000 to 15,000 metric tons of copper this year.
