OceanaGold (OGC) Q3 2026 earnings summary

Executive summary

• Q3 production was 133.4 koz of gold and 3.4 kt of copper; FY production remains on track near the guidance midpoint, with Q4 expected to be the strongest quarter.

• Generated $155.3M of Q3 free cash flow and $540.6M YTD; quarter-end cash was $728.7M, with no debt and the revolving facility undrawn.

Financial highlights

• Revenue was $654.9M at a realized gold price of $4,249/oz; adjusted EBITDA was $382.8M, operating cash flow was $324.5M, and adjusted EPS was $0.94.

• Free cash flow was $155.3M, up 65% YoY; adjusted EBITDA rose 82%, operating cash flow rose 43%, and adjusted EPS rose 135%.

Outlook and guidance

• FY 2026 gold production guidance is 520–590 koz; output is expected near the midpoint, with Q4 the strongest quarter, primarily driven by Haile.

• FY AISC guidance is $1,750–$1,900/oz; the result is expected toward the upper end, while Q4 AISC is expected below Q3 as Haile production rises.

• Total 2026 capital investment is expected to exceed the $645M guidance by $45M, or 7%, reflecting higher growth and exploration spending.

• YTD output reached 402 koz of gold and 9.3 kt of copper; YTD AISC was $1,900/oz versus FY guidance of $2,038/oz.