OceanaGold Corporation
OceanaGold Corporation is a TSX/NYSE-listed (ticker OGC on both) gold and copper producer operating four mines: Haile (South Carolina, USA), Macraes and Waihi (New Zealand), and Didipio (Nueva Vizcaya, Philippines, gold-copper). The company voluntarily delisted from the ASX effective 2022-08-31 (CDIs suspended 2022-08-29) after determining the TSX listing served its shareholder base more efficiently; it began trading on the NYSE under OGC on 2026-04-07. Q2 2026 was a strong quarter: 138,800 oz of gold produced (Haile 59.5koz, Macraes 41.4koz, Waihi 16.5koz, Didipio 21.4koz), $655M cash with zero debt, $130.1M of free cash flow ($385.3M year-to-date), and $78M returned to shareholders via buybacks and dividends in the quarter alone. Consolidated AISC was $2,151/oz for the quarter. Didipio operates under a Financial or Technical Assistance Agreement (FTAA, renewed 2019-2044) entitling the Philippine government to 60% of net revenue. Gerard Bond is President and CEO. Total 2025 year-end gold Mineral Reserves were 5.83 million ounces across the four operations.
Lifecycle Milestones
Construction Milestones
5 of 5 reached- Nov 2014 · Source
- Reached — date not disclosed · Source
- Apr 2015 · Source
- Jan 2017 · Source
- Oct 2017 · Source
Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.
Combined view across 4 projects. Figures below are only combined where the underlying basis genuinely matches -- see the notes under each.
- 24%Waihi
- 11 yrsHaile Gold Mine
- 7 yrsMacraes
- 15 yrsWaihi
- 12 yrsDidipio
Jurisdiction (40%)9/10
OceanaGold's flagship is the Haile gold mine in Lancaster County, South Carolina, USA, its largest producing asset. South Carolina, like the rest of the United States, is a top-tier mining jurisdiction, scored 9 like the other US companies on this site, including the Brewer project in South Carolina. OceanaGold also operates Macraes and Waihi in New Zealand and the Didipio mine in the Philippines, which operates under an FTAA after a 2019-2021 government-ordered suspension and pays an ongoing 60%-of-net-revenue government share; this single flagship-based score does not capture them.
Infrastructure (40%)10/10
A confirmed mill, confirmed road access, confirmed grid power, and a confirmed tailings facility at Haile Gold Mine.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: East Tennessee zinc (Young mine & mill; incl. Immel) (Korea Zinc Co., Ltd.), 325 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not yet researched
Holder register not researched yet
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:0/10
Nearest producing mine: East Tennessee zinc (Young mine & mill; incl. Immel) (Korea Zinc Co., Ltd.), 325 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:5.5/10
Stage: Production
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:9/10
United States: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
President and Chief Executive Officer of OceanaGold Corporation since Apr 2022. Professional background spans resources and finance across North America, Europe and Australia, with commodities experience in gold, copper, nickel and aluminium. Before Newcrest, 14 years at BHP in senior executive roles including Mergers and Acquisitions, Treasury, Deputy CFO of the Aluminium business, CFO then Acting President of the Nickel business, and Head of Group Human Resources. Began his career in corporate finance at Coopers & Lybrand. Bachelor of Commerce, University of Melbourne; Graduate Diploma in Applied Finance and Investment, Securities Institute of Australia.
Chief Financial Officer of OceanaGold Corporation since May 2023. Approximately 25 years of mining and technology industry experience across South Africa, the UK, Mozambique, Singapore and Canada. Immediately before OceanaGold, VP Finance -- Americas for Newcrest Mining (2019-2023), overseeing the Red Chris and Brucejack/Pretivm mines in British Columbia. Before Newcrest, 13 years at BHP holding VP Strategy and Design (Global Group Business Information Services), Head of Finance for Energy Coal South Africa, Project Director for Energy Southern Africa, Head of Finance for the Mozal Aluminium smelter, and Global Financial Controller for Aluminium. Bachelor's degree in Economic and Management Sciences, University of Pretoria; Honours in Accounting Sciences, University of South Africa; CPA Ontario and Chartered Accountant (South Africa); ICD.D designation.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Not scored. Smart-money tracking covers companies below about US$5B in market cap, where a single specialist fund or strategic investor taking a stake is a meaningful signal. This company was above that size when it was assessed.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
OceanaGold operates the Haile mine in South Carolina, Macraes and Waihi in New Zealand and Didipio in the Philippines. Its year-end 2025 statement (18 Feb 2026) reports 5.83 Moz of gold reserves within 8.63 Moz of measured and indicated resources (inclusive of reserves), plus 2.5 Moz inferred.