OceanaGold Reports Strong Cash Flow and Production Growth for Q2 2026

The Vancouver-based producer maintained its full-year guidance, reporting quarterly revenue of $647 million and a net profit of $222 million. Shareholders saw returns of $78 million during the quarter through dividends and share buybacks, a program the company expects to continue with up to $350 million allocated for the year. The firm achieved an adjusted EBITDA margin of 61%, supported by operational gains at its Haile gold mine in the United States.

CEO Gerard Bond noted that the company is reinvesting its free cash flow into organic growth, specifically citing the commencement of decline development at the high-grade Wharekirauponga orebody in New Zealand. While the consolidated All-In Sustaining Cost reached $2,151 per ounce, OceanaGold expects unit costs to decrease in the second half of the year as production ramps up at the Haile and Didipio operations. The company’s Macraes mine also reached a historic milestone in July, producing its 6 millionth ounce of gold since 1990.