Corporate ActionMay 4, 2026, 05:41 PM
OceanaGold Triples Dividend, Doubles Buyback; Waihi North Project Approved
AI Summary
OceanaGold Corporation announced its 2026 Annual General and Special Meeting (AGSM) to be held virtually on June 9, 2026. The company reported an outstanding 2025, achieving record financial results including unadjusted and Adjusted EBITDA, Net Profit, EPS, Operating Cash Flow, and Free Cash Flow, with 497,600 ounces of gold and 13,300 tonnes of copper produced. A significant milestone was the official approval of all permits for the Waihi North Project in December 2025. For 2026, the Board approved a tripling of the dividend and a doubling of the share buyback, totaling up to $432 million in capital returns, supported by projected higher gold production and lower unit costs.
Key Highlights
- 2026 Annual General and Special Meeting to be held virtually on June 9, 2026.
- Reported 2025 gold production of 497,600 ounces and copper production of 13,300 tonnes.
- Achieved record financial results in 2025, including EBITDA, Net Profit, EPS, Operating Cash Flow, and Free Cash Flow.
- Received official permit approval for the Waihi North Project in December 2025.
- Board approved tripling of dividend and doubling of share buyback for 2026.
- Up to $432 million in capital returns planned for shareholders in 2026.
- Maintained MSCI “AA” ESG Rating for the third consecutive year in 2025.