OceanaGold (Philippines), Inc. (PSE: OGP), the company that operates the Didipio gold-copper mine in Luzon, has shared its financial results for the first three months of 2026. The company announced strong performance and will be paying dividends to its shareholders.
What Did the Company Produce?
Think of OceanaGold like a big mining company that digs up valuable metals from the ground. During the first quarter of 2026 (January to March), they produced:
- 20,400 ounces of gold (imagine about 579 kilograms of gold)
- 3,200 tonnes of copper (that’s like the weight of about 640 elephants!)
How Much Money Did They Make?
According to the company’s announcement, OceanaGold Philippines made:
- Revenue: $158 million (that’s all the money they earned from selling their gold and copper)
- Net Income: $35 million (this is the profit they kept after paying all their expenses)
- Free Cash Flow: $80 million (this is extra money the company has available to use)
- Earnings per share: $0.015 (this means for every share of stock someone owns, the company made 1.5 cents)
Comparing Performance to Previous Periods
When we look at how the company performed compared to other quarters, here’s what we see:
- Revenue of $158.4 million in Q1 2026 was significantly higher than the $79.3 million in Q1 2025 and $121.6 million in Q4 2025
- Net income of $34.7 million was much better than the $7.4 million earned in Q1 2025
- Free Cash Flow of $80.1 million was a huge improvement from just $8 million in Q1 2025
- Gold production of 20,400 ounces was slightly lower than the previous quarter (23,800 ounces) but nearly the same as Q1 2025 (20,600 ounces)
What is a Dividend?
A dividend is like a reward that companies give to people who own their stock. It’s a way of sharing the company’s profits with shareholders. OceanaGold Philippines announced they will pay a dividend of $0.0196 per share (or ₱1.1755 per share in Philippine pesos, based on an exchange rate of ₱59.974 per US dollar).
This means if you own shares in the company, you’ll get this payment. The total dividend amount is $44.7 million. To receive this dividend, you need to own the shares by May 21, 2026, and the payment will be made on June 17, 2026.
What the Company President Said
Atty. Joan Adaci-Cattiling, the President of OceanaGold Philippines, explained that during the first quarter, they safely produced gold and copper as planned. She mentioned that with high gold prices right now, the company was able to generate $80 million in free cash flow and announce a “healthy quarterly dividend” for shareholders.
She also shared that the company has restarted exploration drilling in the lower levels of the Didipio mine and is continuing to drill at nearby locations like True Blue. The company remains focused on meeting their goals for the year while taking advantage of record high metal prices.
About OceanaGold (Philippines), Inc.
OceanaGold (Philippines), Inc. is a Philippine-registered company that operates the Didipio gold-copper mine in Luzon. They work under a special agreement called a Financial or Technical Assistance Agreement. The company focuses on mining operations that generate cash flow and provide returns to their shareholders.
Understanding Key Terms
AISC (All-In Sustaining Costs): This was $1,298 per ounce in Q1 2026. This means it costs the company $1,298 to produce one ounce of gold, including all the expenses needed to keep the mine running.
Free Cash Flow: This is money the company has left over after paying for everything they need to run their business. It’s money they can use to pay dividends, invest in new projects, or save for the future.
The company’s complete financial statements and detailed discussion are available on their website at www.didipiomine.com.ph and on the Philippine Stock Exchange website.
Source Note:This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.
