OceanaGold (Philippines), Inc. has significantly increased its contribution to the national treasury, remitting PHP 2.14 billion in additional government share (AGS) for fiscal year 2025 and formally turning it over to the Department of Environment and Natural Resources (DENR) through Secretary Juan Miguel “Mitch” Cuna, in accordance with the terms of its Financial or Technical Assistance Agreement (FTAA).
The latest remittance brings OceanaGold Philippines’ cumulative AGS contribution since 2023 to PHP 3.74 billion, underscoring how responsible mineral resource development can generate fiscal revenues to support national priorities and deliver tangible benefits to Filipino households.
The fiscal year 2025 AGS represents a 358.68-percent year-on-year increase from the PHP 466.86 million remitted in 2024 for fiscal year 2024, driven by strong operational performance and favorable market conditions.
The formal turnover of the AGS payment was held on April 28, 2026, at the DENR Central Office, witnessed by representatives from the DENR, the Mines and Geosciences Bureau (MGB), and other government stakeholders.
DENR Secretary Juan Miguel Cuna said: “This demonstrates that mining, when done responsibly, generates meaningful contributions to national development while ensuring direct benefits to the lives and livelihoods of host and neighboring communities.”
He added: “This additional government share reflects compliance with our regulatory framework, adherence to contractual obligations, and recognition that the state and its people are rightful partners in the utilization of our mineral resources.”
For OceanaGold Philippines, the increased AGS reflects the link between operational performance, environmental stewardship, and public value.
“The increase in our additional government share reflects how strong operational performance translates into greater value for the government and the Filipino people,” said Atty. Joan Adaci-Cattiling, president and general manager for social performance and external affairs.
“As our operations perform well, so does our contribution to the government’s fiscal space to support national priorities," she added.
The AGS remittance is in addition to other taxes and fees paid by the company in 2025, including PHP 1.78 billion in production taxes, PHP 2.81 billion in income tax, and PHP 506.9 million in local business taxes, reinforcing OceanaGold Philippines’ role as a contributor to both national and local government revenues.
“As the government’s contractor and steward of valuable mineral resources, we see ourselves as long-term partners in national and community development,” Adaci-Cattiling added.
“Responsible mineral resource development means balancing economic growth, environmental protection, and community well-being — kaagapay ng pamahalaan in building a stronger and more resilient nation.”
