OceanaGold (Philippines), Inc. (PSE: OGP), the company that operates the Didipio gold and copper mine in Nueva Vizcaya, has shared its financial results for the second quarter of 2026 and announced good news for its shareholders – they’re paying out dividends again.
What Happened in Q2 2026?
Think of a mining company like a farm, but instead of growing vegetables, they dig up valuable metals from the ground. During the second quarter (April to June 2026), OceanaGold Philippines produced:
- 21,400 ounces of gold – that’s about 607 kilograms of gold!
- 2,700 tonnes of copper – copper is used in electrical wires and many electronic devices
How Much Money Did They Make?
The company reported some important numbers:
- Revenue: $127 million (that’s the total money they made from selling gold and copper)
- Net Income: $33 million (this is the profit left after paying all the bills and expenses)
- Earnings per share: $0.014 (this means for every share of stock someone owns, the company earned about 1.4 cents)
According to the company’s filing with the Securities and Exchange Commission, these results show they are on track to meet their targets for the entire year 2026.
Dividend Payment – What Does This Mean?
Here’s the exciting part for people who own OGP stock: the company is sharing its profits with shareholders through a dividend payment. A dividend is like getting a small reward for owning part of the company.
The company announced a dividend of $0.0075 per share, which equals about ₱0.4628 per share (based on an exchange rate of ₱61.713 per US dollar).
Important dates:
- Record Date: August 20, 2026 – You must own the stock by this date to receive the dividend
- Payment Date: September 17, 2026 – When the money will actually be sent to shareholders
The total dividend payout amounts to $17 million that will be distributed among shareholders.
Comparing Performance to Previous Periods
When we look at how the company performed compared to earlier periods:
- Gold production was slightly higher than Q1 2026 (20,400 ounces) but lower than Q2 2025 (24,500 ounces)
- Copper production decreased from 3,200 tonnes in Q1 2026 and 3,700 tonnes in Q2 2025
- Revenue of $127 million was lower than Q1 2026’s $158 million, but significantly higher than Q2 2025’s $96 million
- Net income remained strong at $33 million, close to Q1 2026’s $34.7 million
What the Company Says
According to Atty. Joan Adaci-Cattiling, President of OceanaGold Philippines, the company maintained “safe and responsible production of gold and copper” during the quarter. She mentioned that with current gold prices and solid operating performance, they were able to announce another dividend for shareholders.
The company also stated they are working on growth projects, including increasing underground mining activities and drilling programs at locations like “True Blue” near their mine.
About OceanaGold Philippines
OceanaGold (Philippines), Inc. operates the Didipio Mine located in Kasibu, Nueva Vizcaya. The mine produces both gold and copper. The company operates under a Financial or Technical Assistance Agreement, which is a special arrangement that allows foreign companies to participate in large-scale mining in the Philippines.
As of this report, the company has 2,280,000,000 common shares outstanding.
This information comes from the company’s SEC Form 17-C filing dated August 6, 2026, and the attached news release.
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.
