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SEC filingOceanaGold Corporation announced record 2025 financial results, including record EBITDA, Net Profit, EPS, Operating Cash Flow, and Free Cash Flow, driven by 497,600 oz gold production and record realized gold prices, and disclosed a tripling of its dividend and doubling of its share buyback for 2026 totaling up to $432 million in capital returns.
OceanaGold’s 2025 performance reflects strong operational execution across its four producing assets — Haile, Macraes, Waihi, and Didipio — all of which met or exceeded production guidance amid rising gold prices. The 497,600 ounces of gold produced, combined with record average realized gold prices, directly enabled record financial metrics including Net Profit, EPS, EBITDA (both unadjusted and Adjusted), EBITDA Margin, Operating Cash Flow, and Free Cash Flow. Notably, cost discipline was evident: Macraes achieved low All-In Sustaining Costs following waste stripping completion, and Haile’s transition into higher-grade ore phases is expected to sustain margin strength into 2026. The December 2025 permit approval for the Waihi North Project marks a strategic inflection point — a fully permitted, high-return organic growth initiative that underpins management’s confidence in continued value creation. Forward-looking guidance for 2026 emphasizes higher gold production and lower AISC, supported by development progress at Waihi North and Palomino Underground, alongside stepped-up exploration. Critically, the Board’s decision to triple the dividend and double the buyback — targeting $432 million in total capital returns — signals strong conviction in sustained Free Cash Flow generation and balance sheet resilience. This capital return action, coupled with the company’s maintained MSCI 'AA' ESG rating and zero fatal injuries in 2025, reinforces alignment between operational delivery, financial discipline, and stakeholder responsibility — all central to OceanaGold’s stated strategy of increasing and sustaining higher shareholder value.