The gold and copper miner kept 2026 guidance unchanged, ended June with $655 million in cash and no debt, and returned $78 million to shareholders through dividends and buybacks.
OceanaGold reported second-quarter 2026 production of 138,800 ounces of gold and 2,700 tonnes of copper for the three months ended June 30, while generating $130 million of Free Cash Flow and keeping its 2026 production, cost and capital guidance unchanged. Revenue reached $647 million at an average realized gold price of $4,433 per ounce, net profit attributable to shareholders was $222 million, diluted EPS was $0.99, and record adjusted EBITDA margin was 61%. Consolidated AISC (all-in sustaining cost, a mining measure of total ongoing production costs) was $2,151 per ounce, but the company said production should rise and costs should fall in the second half of 2026, with fourth-quarter output expected to be the strongest of the year. OceanaGold ended the quarter with $655 million in cash, no debt and an undrawn revolving credit facility, returned $78 million to shareholders during the quarter, and said development at the Wharekirauponga orebody and the Palomino decline continued as planned.