BuybackJul 22, 2026, 02:26 PM
OceanaGold Renews Share Buyback, Authorizes Up to 22M Shares
AI Summary
OceanaGold Corporation announced the renewal of its Normal Course Issuer Bid (NCIB), allowing the company to repurchase up to 22 million common shares, representing approximately 10% of its public float. The new program will commence on July 24, 2026, and conclude by July 23, 2027. This renewal underscores OceanaGold's commitment to shareholder returns, having already repurchased $270 million under the previous NCIB and a total of $325 million since July 2024.
Key Highlights
- OceanaGold renewed its Normal Course Issuer Bid (NCIB).
- Authorized to buy back up to 22 million common shares, ~10% of public float.
- The program runs from July 24, 2026, to July 23, 2027.
- Company repurchased $270 million of shares under the prior NCIB.
- Total of $325 million returned to shareholders since July 2024.
- Board approved up to $350 million in buybacks for 2026, with $134 million completed YTD.
- Daily maximum purchase limit of 209,812 common shares.
Price Impact
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