About this episode
OceanaGold (TSX: OGC) is targeting higher production and larger shareholder returns after delivering record revenue, EBITDA, net profit and free cash flow in 2025. Speaking with Kitco Mining at PDAC 2026 in Toronto, President & CEO Gerard Bond said strong operational discipline allowed the company to capture rising gold prices. “We were able to convert a lot of those higher gold prices to the bottom line, delivering those records.”Production is expected to increase about 12% in 2026, driven primarily by the Haile mine in South Carolina after a waste removal program completed in 2025 unlocked higher-grade ore. “Haile is the primary driver of our growth in 2026,” Bond said, adding the operation is expected to produce 35% more gold at 25% lower all-in sustaining costs.OceanaGold finished 2025 with no long-term debt and $477 million in cash. The company plans to invest about $280 million in growth capital in 2026, including $150 million to advance the Waihi North project in New Zealand, which Bond described as the company’s most significant near-term growth project. Bond also said OceanaGold will list on the New York Stock Exchange on April 7, 2026, to expand its investor base and improve liquidity.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.To learn more about OceanaGold, visit: https://oceanagold.com/00:21 - Record 2025 Results And Financial Highlights01:14 - 2026 Production Growth Led By Haile Mine02:05 - Why OceanaGold Is Listing On The NYSE04:13 - Debt-Free Balance Sheet And Cash Position04:43 - Waihi North Growth Project And Exploration Plans06:36 - Dividends, Buybacks And Shareholder Returns09:20 - Gold Price Impact On Reserves And Mine Life11:49 - Global Mining Footprint And Operating Costs14:13 - Capital Discipline And Gold Sector M&AHeadlines:__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading ad
