Kitco MINING

OceanaGold Targets 12% Production Growth in 2026 | Gerard Bond


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OceanaGold (TSX: OGC) is targeting higher production and larger shareholder returns after delivering record revenue, EBITDA, net profit and free cash flow in 2025. Speaking with Kitco Mining at PDAC 2026 in Toronto, President & CEO Gerard Bond said strong operational discipline allowed the company to capture rising gold prices. “We were able to convert a lot of those higher gold prices to the bottom line, delivering those records.”

Production is expected to increase about 12% in 2026, driven primarily by the Haile mine in South Carolina after a waste removal program completed in 2025 unlocked higher-grade ore. “Haile is the primary driver of our growth in 2026,” Bond said, adding the operation is expected to produce 35% more gold at 25% lower all-in sustaining costs.

OceanaGold finished 2025 with no long-term debt and $477 million in cash. The company plans to invest about $280 million in growth capital in 2026, including $150 million to advance the Waihi North project in New Zealand, which Bond described as the company’s most significant near-term growth project. Bond also said OceanaGold will list on the New York Stock Exchange on April 7, 2026, to expand its investor base and improve liquidity.

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To learn more about OceanaGold, visit: https://oceanagold.com/

00:21 - Record 2025 Results And Financial Highlights
01:14 - 2026 Production Growth Led By Haile Mine
02:05 - Why OceanaGold Is Listing On The NYSE
04:13 - Debt-Free Balance Sheet And Cash Position
04:43 - Waihi North Growth Project And Exploration Plans
06:36 - Dividends, Buybacks And Shareholder Returns
09:20 - Gold Price Impact On Reserves And Mine Life
11:49 - Global Mining Footprint And Operating Costs
14:13 - Capital Discipline And Gold Sector M&A

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Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

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Kitco MININGBy Kitco MEDIA