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OceanaGold has successfully completed an IPO for its subsidiary, OceanaGold Philippines, Inc., raising US$106M through the sale of 20% interest in OGPI. The shares are now listed on the Philippines Stock Exchange under the ticker 'OGP'.
OceanaGold released its 2023 Sustainability Report, emphasizing its commitment to sustainable practices in mining. The company achieved various milestones in safety, environmental responsibility, and community engagement. The report highlights the company's adherence to global standards and its efforts to create a positive impact beyond mining operations.
OceanaGold reported its operational and financial results for the first quarter of 2024, expecting strong production growth and free cash flow delivery. The company remains on track to meet full-year guidance with 104,800 ounces of gold and 3,000 tonnes of copper produced. AISC of $1,823 per ounce, revenue of $270.3 million, and net debt of $81.8 million were reported. Exploration results were positive, but the net loss of $5.3 million was a negative aspect.