OceanaGold (Philippines), Inc. has extended the projected life of its Didipio gold-copper mine to 2037, following the filing of updated technical reports that underpin long-term production and cash flow generation.
In a disclosure to the Philippine Stock Exchange, OceanaGold Philippines said the revised mine plan, based on its 2025 Mineral Reserves, supports continued operations at the Didipio Gold-Copper Mine for more than a decade beyond current expectations, while maintaining the potential for further extensions.
The updated reports — prepared in accordance with the Philippine Mineral Reporting Code 2020 — cover exploration results and mineral resource estimates, economic assessments and mineral reserves, as well as metallurgical engineering studies, with a cut-off date of December 31, 2025.
Crucially, the life-of-mine extension to 2037 is derived solely from declared Mineral Reserves, calculated using a gold price assumption of $2,200 per ounce. The company noted that the plan excludes Inferred Mineral Resources and any exploration upside, indicating additional potential to further extend the mine’s operational horizon.
This positions Didipio as a longer-life asset within the Philippine mining sector, with sustained output expected to support substantial free cash flow generation over the extended period.
OceanaGold Philippines also confirmed that its 2026 production and financial guidance remains unchanged, as previously disclosed in its February 2026 earnings release.
The Didipio mine, located in Luzon, operates under a Financial or Technical Assistance Agreement and is a key contributor to the company’s portfolio, producing both gold and copper.
The updated technical reports are available on the company’s website.
