Quarterly ResultAug 6, 2026, 06:11 AM
OceanaGold Q2 Net Profit $222.2M, EPS $0.99; Gold Prod. 138.8 koz
AI Summary
OceanaGold reported strong Q2 2026 results with net profit attributable to shareholders of $222.2 million and diluted EPS of $0.99, significantly up from Q2 2025. Revenue reached $647.3 million, driven by increased gold production of 138,800 ounces. The company generated $314 million in operating cash flow and $130 million in free cash flow, ending the quarter with a $655 million cash balance and no debt. Shareholders received $78 million through $58 million in share buybacks and $20 million in dividends, and the company remains on track to meet full-year guidance.
Key Highlights
- Q2 2026 Net Profit attributable to shareholders $222.2M, up from $114.1M in Q2 2025.
- Q2 2026 Diluted EPS $0.99, up from $0.49 in Q2 2025.
- Q2 2026 Revenue $647.3M, compared to $432.4M in Q2 2025.
- Q2 2026 Gold production 138,800 ounces, a 7% increase from Q1 2026.
- Q2 2026 Operating Cash Flow $314M; Free Cash Flow $130M.
- Cash balance increased 6% to $655M with no debt.
- $58M in share buybacks in Q2, $134M YTD; $20M in dividends paid.
- On track for full-year guidance; H2 production to increase, costs to decrease.
Price Impact
More from OGC