OceanaGold Corp

OGC

Equity

ISIN CA6752221037 / Valor 3102249

Toronto Stock Exchange (2025-03-14)

CAD 4.08+0.25%

OceanaGold Corp
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About company

OceanaGold Corp is a multinational gold mining company headquartered in Vancouver, Canada. The company is engaged in the exploration, development, and operation of gold mines, with a workforce of approximately 4,200 employees worldwide. OceanaGold operates several significant mining projects, including the Haile Gold Mine in the United States, the Didipio Mine in the Philippines, and the Macraes and Waihi operations in New Zealand. The company focuses on sustainable mining practices and aims to deliver value through responsible mining, efficient operations, and strategic exploration initiatives. OceanaGold is listed on the Toronto Stock Exchange and the Australian Securities Exchange, reflecting its international presence and commitment to growth in the gold mining sector.

Summarized from source with an LLMView SourceSector: Non-Energy Materials

Revenue Growth

In the fourth quarter of 2023, OceanaGold Corp reported a revenue of $267.3 million, marking an increase from the $214.1 million recorded in the third quarter of the same year. This growth in revenue reflects the company's improved sales performance compared to the previous quarter.

Cost of Sales

OceanaGold Corp's cost of sales, excluding depreciation and amortization, amounted to $145.9 million in Q4 2023. This represents an increase from the $113.3 million reported in Q3 2023, indicating higher production or operational costs during the quarter.

Adjusted EBITDA

The company achieved an adjusted EBITDA of $94.6 million in the fourth quarter of 2023, up from $63.0 million in the third quarter. This improvement suggests enhanced operational efficiency and profitability during the period.

Net Profit and Earnings Per Share

OceanaGold Corp reported a net loss of $18.9 million in Q4 2023, compared to a net loss of $5.5 million in Q3 2023. The basic loss per share for the fourth quarter was $0.03, reflecting the financial challenges faced by the company during this period.

Adjusted Net Profit

The adjusted net profit for OceanaGold Corp in Q4 2023 was $9.6 million, a significant improvement from the adjusted net loss of $1.7 million in Q3 2023. This positive result highlights the company's efforts to manage its financial performance effectively.

Summarized from source with an LLMView Source

Key figures

48.9%1Y

52.8%3Y

150%5Y

Performance

45.5%1Y

50.3%3Y

57.3%5Y

Volatility