OceanaGold

What OceanaGold does

OceanaGold Corporation is a multi-jurisdictional gold and copper producer operating four mines — Haile (South Carolina, USA), Macraes (South Island, New Zealand), Waihi (North Island, New Zealand) and Didipio (Nueva Vizcaya, Philippines) — with 35 years of exploration, development and operating experience. The company's primary revenue stream is gold production, with copper produced as a byproduct at Didipio; Q1 2026 production was 130,100 oz of gold and 3,200 tonnes of copper at an average realized gold price of $4,894/oz. End products (gold and copper) are sold at prevailing market prices directly to refiners and commodity traders globally.

The operating model is asset-led and commodity-cycle-sensitive: OceanaGold extracts and processes ore through a mix of open pit and underground mining methods, supported by the ADaPT automation and digital transformation program (partnered with Sandvik and MST Global) and the Epiroc BenchREMOTE remote drilling system at Haile (the first US gold mine to deploy it). Its GTM is a hybrid of direct commodity sales and active investor relations through TSX/ NYSE listings, BMO and PDAC conference participation, and quarterly earnings communications. Total mineral reserves stand at 5.83Moz of gold (with 8.63Moz measured & indicated and 2.5Moz inferred resources) and reserve replacement has averaged ~17% more than annual mining depletion over the past nine years at ~$50/oz discovery cost.

Revenue mechanics are dominated by spot commodity prices: at Q1 2026 production levels and current spot gold prices around $4,000/oz, the company is operating near record profitability, reporting $715M quarterly revenue, $382M operating cash flow, $255M free cash flow, $620M cash on hand and zero debt. The capital allocation framework couples organic growth (notably the NZ$1B Waihi North Project and Wharekirauponga underground deposit) with disciplined shareholder returns through dividends and buybacks, while two US exploration earn-ins with Headwater Gold (Nevada) and Carolina Rush (South Carolina) signal an explicit pipeline-build phase alongside the existing four producing assets.

Name

OceanaGold

Legal name

OceanaGold Corporation

Website

http://www.oceanagold.com/

Company type

Public

Founded year

1989

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

OceanaGold is a global gold and copper producer operating four mines in the USA, New Zealand and the Philippines, selling refined gold and copper at market prices to refiners and commodity traders. It serves global precious metals and industrial commodity markets and is listed on the TSX and NYSE under ticker OGC.

Ownership category

akta.pro rank

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Infrastructure, Supply Chain, Others

Revenue model

1. Gold Production and Sales: Primary revenue stream from gold production and sales at four operating mines. Q1 2026 production of 130,100 ounces of gold at average realized price of $4,894 per ounce. Full year 2025 production of 497,600 ounces.
2. Copper Production and Sales: Secondary revenue stream from copper production as byproduct. Q1 2026 production of 3,200 tonnes of copper alongside gold production.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

OceanaGold is a global gold and copper producer that operates four mines across the United States, New Zealand, and the Philippines. The company extracts and sells gold (primary product) and copper (byproduct) as tangible commodities to refiners and global commodity markets, with gold being the main revenue driver at an average realized price of $4,894 per ounce in Q1 2026.

Product overview

OceanaGold is a global gold and copper producer with a portfolio of four operating mines: Haile Gold Mine (USA), Macraes Operation (New Zealand), Waihi Operation (New Zealand), and Didipio Mine (Philippines). The company produces gold and copper as its core products. Key development projects include the Waihi North Project (NZ$1 billion investment) and the Wharekirauponga underground deposit. The company also operates the ADaPT (Automation, Digital and Process Transformation) program for operational technology improvements.

Differentiator

Problem solved

Functional benefit

Products and services

• Gold Production Primary commodity product extracted from four operating mines and sold to global gold refiners, commodity traders, central banks, jewelers, and investors. Gold serves as the company's main revenue driver.
• Copper Production Co-produced industrial commodity from OceanaGold's mining operations, particularly Didipio, sold to industrial users for electrical wiring, power generation, plumbing, and construction applications.

Quantifiable outcome

• Q1 2026: 130,100 oz gold production, $715M revenue, $255M free cash flow
• +4 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Carolina Rush CorporationcoreStrategic or Co-development Partner · 27 November 2025Earn-in Option Agreement allowing OceanaGold to earn up to 80% interest in the Brewer Gold-Copper Project by investing up to US$20 million over five years. Deep drilling program started January 2026 with Phase 1 investment of at least US$1.5 million.
• Headwater GoldcoreStrategic or Co-development Partner · 15 October 2025Exploration agreement for three projects in Nevada involving staged exploration expenditures of up to US$65 million with OceanaGold potentially earning up to 75% interest. Drilling has commenced on the TJ project.
• Medical University of South Carolina (MUSC)minorGTM or Marketing Partner · 25 April 2025Haile Gold Mine pledged US$250,000 over five years to support the new primary care residency training program at MUSC Health Lancaster Medical Center, creating approximately 50 new resident positions to serve the rural South Carolina community.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Newmont Corporation: World's largest gold miner with a diversified portfolio of mines across the Americas, Africa, and Australia. Directly comparable to OceanaGold as a multi-asset gold producer with copper byproduct exposure (e.g., Boddington, Tanami).
• Barrick Gold: Second-largest gold producer globally with tier-one assets and significant copper byproduct. Competes with OceanaGold for capital and talent, and shares a similar multi-jurisdictional portfolio strategy.
• Agnico Eagle Mines: Senior gold producer with operations in Canada, Australia, Finland, and Mexico. Comparable to OceanaGold as a mid-to-large cap gold producer focused on long-life assets, operational excellence, and shareholder returns.
• Gold Fields: Major gold producer operating in Australia, South Africa, Ghana, Peru, and Chile. OceanaGold board member Craig Nelsen was previously EVP Exploration at Gold Fields, indicating deep industry ties and a directly comparable gold mining business model.
• Kinross Gold: Mid-tier gold producer with operations in the Americas and West Africa. OceanaGold board member Alan Pangbourne was previously VP Projects South America at Kinross, and the companies share similar scale, multi-asset strategy, and growth-by-exploration approach.
• SSR Mining: Mid-tier gold producer with assets in the Americas and Turkey. OceanaGold's Chair Paul Benson was previously President and CEO of SSR Mining, and Alan Pangbourne was COO — making it a closely comparable mid-cap gold peer.
• B2Gold: Mid-tier gold producer primarily operating in Africa and the Philippines (Masbate mine directly competes with Didipio). OceanaGold's General Counsel Elizabeth Thampy was previously in-house counsel at B2Gold, signaling close industry alignment.
• Endeavour Mining: Mid-tier gold producer focused on West Africa with multiple operating mines. Comparable to OceanaGold as a multi-asset gold producer with disciplined capital allocation; Elizabeth Thampy was previously in-house counsel at Endeavour Mining.
• Alamos Gold: Mid-tier gold producer with operations in Canada, Mexico, and the United States (including the Young-Davidson and Island Gold mines). Comparable mid-cap gold producer with similar geographic footprint and growth-via-exploration strategy.

Others

• Newcrest Mining: Australian gold and copper producer acquired by Newmont in 2023. No longer independent, but the closest historical peer to OceanaGold given shared Australian HQ, Pacific Rim asset base, and senior executive lineage (CEO Gerard Bond and CFO Marius van Niekerk both came from Newcrest).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/oceanagold
• LinkedInlinkedin.com/company/oceana-gold

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds3 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OceanaGold