OceanaGold (Philippines), Inc. today announced its operational and financial results for the three months ended March 31, 2025, highlighting continued strong performance and commitment to shareholder returns. The Company also declared a dividend of US$0.0075 per common share (₱0.4227 per share), payable on June 18, 2025.
First Quarter 2025 Highlights:
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On track to meet full-year production and cost guidance
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Declared US$17.0 million in dividends for Q1 2025
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Produced 20,600 ounces of gold and 3,400 tonnes of copper
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Revenue of approximately US$79 million
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Net income of approximately US$7 million
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Earnings per share of US$0.003
Commenting on the results, Atty. Joan Adaci-Cattilling, President of OceanaGold Philippines, stated:
“During the first quarter, we safely produced gold and copper in line with our guidance. I am pleased to declare another strong dividend payment to start the year, having now returned approximately US$86 million to our shareholders in just one year since our IPO in May 2024. We expect to increase our underground mining rates in the second half of 2025 and beyond, and remain focused on safely and responsibly delivering on our guidance for the year, capitalizing on record-high metal prices and continuing to generate strong returns for our shareholders.”
The declared dividend of US$0.0075 per share will be paid in Philippine pesos based on the prevailing exchange rate at the time of payment. Shareholders on record as of the close of business on May 22, 2025, Manila Time, will be entitled to receive the dividend on June 18, 2025.
OceanaGold (Philippines), Inc. is a Philippine corporation operating the Didipio gold-copper mine in Luzon under a Financial or Technical Assistance Agreement (FTAA). The Company is committed to safe, responsible mining and maximizing the generation of free cash flow to deliver long-term value to its shareholders.
