OceanaGold Corp

OGC

Equity

ISIN CA6752221037 / Valor 3102249

Toronto Stock Exchange (2024-12-24)

CAD 3.97-1.00%

OceanaGold Corp
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About company

OceanaGold Corp is a multinational mining company with a portfolio of four operating mines located in the United States, the Philippines, and New Zealand. The company's operations are backed by a global workforce with extensive experience in exploration, development, and mining activities. OceanaGold Corp focuses on gold mining and is committed to sustainable and responsible mining practices.

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

Revenue

OceanaGold Corp reported revenue of $243.9 million for the first quarter of 2024, compared to $270.3 million in the same period of 2023. This represents a decrease in revenue, which can be attributed to various operational factors and market conditions affecting the company's sales performance.

Operating Profit

For Q1 2024, OceanaGold Corp achieved an operating profit of $56.5 million. This is a significant improvement from the operating profit of $14.4 million reported in Q1 2023. The increase in operating profit indicates better cost management and operational efficiency during the quarter.

Net Loss

OceanaGold Corp recorded a net loss of $5.3 million for the first quarter of 2024, compared to a net profit of $38.9 million in Q1 2023. The net loss was influenced by higher interest expenses, foreign exchange losses, and restructuring expenses incurred during the period.

Cash Flow

In Q1 2024, OceanaGold Corp generated $75.3 million in net cash from operating activities, a slight increase from $65.2 million in the same quarter of the previous year. This positive cash flow from operations reflects the company's ability to generate sufficient cash to support its operational needs and investments.

Dividends

During the first quarter of 2024, OceanaGold Corp declared dividends amounting to $7.0 million. This is consistent with the company's commitment to returning value to its shareholders, despite the net loss reported for the quarter.

Summarized from source with an LLMView Source

Key figures

47.6%1Y

81.3%3Y

60.7%5Y

Performance

46.3%1Y

50.8%3Y

57.9%5Y

Volatility