OceanaGold (Philippines) Inc. booked a net income of nearly $15 million (about ₱851 million) in the second quarter of 2025 on revenues of $96 million (₱5.44 billion), buoyed by record gold prices and higher output from its Didipio mine in Luzon.
Earnings per share came in at $0.01, while the average realized gold price hit an all-time high of $3,295 per ounce. The company’s All-in Sustaining Cost was $1,287 per ounce for the quarter and $1,214 year to date.
“We had a strong second quarter as we continue to deliver on our strategy to safely and responsibly produce gold and copper at a low cost while capitalizing on today’s record high gold prices and generating strong Free Cash Flow,” said Atty. Joan Adaci-Cattiling, president of OceanaGold Philippines.
She added, “We are pleased to continue returning capital to our shareholders with the declaration of a second quarter dividend of $25 million (₱1.42 billion), having returned a total capital of US$111 million (₱6.30 billion) in dividends to our shareholders since our May 2024 IPO.”
The board approved a cash dividend of $0.0110 (₱0.624) per share, payable on September 18, 2025 to stockholders on record as of August 22. The payment will be made in Philippine pesos based on the prevailing exchange rate on the day of processing.
The miner produced 24,500 ounces of gold and 3,700 tonnes of copper during the quarter, 19 percent higher than the previous quarter’s gold output. The increase was driven by greater underground ore tonnage and higher grades as the company advanced into deeper levels of the mine.
OceanaGold Philippines sold 34 percent of its gold doré output to the Bangko Sentral ng Pilipinas, helping bolster the country’s international reserves. The company reaffirmed its full-year guidance of 85,000 to 105,000 ounces of gold and 13,000 to 15,000 tonnes of copper.
“For the second half of the year, our priority is to deliver on our guidance while investing in the growth potential of our business and continuing to generate strong Free Cash Flow and returns for our shareholders,” Adaci-Cattiling said.
OceanaGold Philippines operates the Didipio gold-copper mine under a Financial or Technical Assistance Agreement with the government.
