OceanaGold Reports Third Quarter 2026 Results
Key Highlights
- ➤Free cash flow $155 million in Q3, reaching $541 million year to date
- ➤Cash balance $729 million, up 11%, with no debt at quarter end
- ➤AISC $1,874 per ounce, down 13% from Q2; full-year AISC toward upper guidance
- ➤Q4 expected strongest production quarter, keeping 2026 output near guidance midpoint
- ➤Ausgold acquisition announced, with Katanning Gold Project deal closing expected December 2026
Expert Statements
Gerard Bond, President and CEO of OceanaGold
“The third quarter marked another period of safe and responsible gold production, with costs improving as planned, positioning us to deliver on our production and AISC guidance for the year. We generated significant Free Cash Flow of $541 million year to date, enabling us to continue to invest substantially in our attractive organic growth projects, strengthen our balance sheet and return meaningful capital to shareholders. During the quarter, we submitted the MP4 application to extend operations at Macraes into the late 2030s, continued to advance the Waihi North Project and Palomino Underground Project, and delivered exceptional high-grade drill results from Wharekirauponga, which demonstrates the significant value creation from our investment in exploration. Looking ahead, we are well positioned to finish the year strongly, with the fourth quarter expected to be the strongest of the year, driven by increased gold production at Haile and further improvements in AISC. We also look forward to completing the acquisition of Ausgold by the end of the year, adding another high-quality growth opportunity to our portfolio. We remain focused on safely and responsibly delivering strong operational performance, generating significant Free Cash Flow and advancing our growth projects to create value for our shareholders.”
(All financial figures in United States dollars unless otherwise stated)
* On track to achieve production and AISC(†) guidance, Q4 expected to be the strongest of the year * Strong Free Cash Flow(†) of $155 million, with cash of $729 million and no debt at quarter end * Advanced growth projects and delivered exploration success * Returned $79 million to shareholders via buybacks and dividends VANCOUVER, BC, Nov. 4, 2026 /PRNewswire/ -- OceanaGold Corporation (TSX: OGC) (NYSE: OGC) ("OceanaGold" or the "Company") reported its operational and financial results for the three and nine months ended September 30, 2026. The consolidated financial statements and Management's Discussion and Analysis ("MD&A") are available at www.oceanagold.com .
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