OceanaGold (Philippines), Inc. has sold 31% or around 6,684 ounces of its annual gold doré production to the Bangko Sentral ng Pilipinas (BSP) in 2025, exceeding the minimum 25% commitment under its gold buying agreement with the central bank.
The higher-than-committed delivery reinforces the Philippines’ reserve buffer and supports national economic stability amid continued global market uncertainty.
“Our continued gold sales to the BSP reflect our commitment to reinforce the country’s broader economic resilience. As the government’s partner in responsible resource development, we hope to continue to contribute to strengthening the country’s financial position and maximize the value of precious metals,” Atty. Joan Adaci-Cattiling, OGP President and General Manager for External Affairs and Social Performance, said.
Under the gold buying agreement, OGP offers for sale at least 25% of its annual gold doré production to the BSP from March 2025 to March 2028. Doré is an alloy or solid mixture of gold and other metals like silver.
“With our purpose of mining gold for a better future, this valuable partnership with the BSP is a tangible proof of how resource development can support both economic stability and long-term growth,” Atty. Adaci-Cattiling added.
Since the initial agreement was executed in May 2022, OceanaGold has cumulatively sold approximately 37,744.5 ounces of gold to the BSP. Annual deliveries reached 9,453.39 ounces in 2022, 12,865.03 ounces in 2023, and 5,742 ounces in 2024, representing 27%, 27%, and 25% share in total gold production which shows that OGP has consistently met or exceeded its obligations.
Gold plays a critical role in central bank reserves as a safe-haven asset, particularly during periods of global market volatility. It serves as a hedge against inflation and currency fluctuations, helping safeguard the country’s purchasing power and providing a stable store of value that supports overall macroeconomic stability.
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ABOUT OCEANAGOLD (PHILIPPINES), INC.
OceanaGold (Philippines) Inc., a corporation organized and existing under Philippine law, operates the Didipio gold-copper mine in Luzon under a Financial or Technical Assistance Agreement. The Company is committed to safely and responsibly maximizing the generation of Free Cash Flow from its operation and delivering strong returns for its shareholders. With stock symbol “OGP,” it is a listed company on the main board of the Philippine Stock Exchange.
For media concerns, please contact:
Marjorie Idio
Manager-Communications
(E) Marjorie.idio@oceanagold.com
(M) +63 78 362 1026
Arnel Vasquez
Media Relations Director
Rebel Marketing Philippines
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This article is a media release of OceanaGold (Philippines) Inc. c/o Rebel Marketing Philippines.
