Listed mining firm OceanaGold (Philippines) Inc. (OGP) is exploring a potential offset extension to its Didipio mine as part of a long-term strategy to bolster production of gold and copper. OGP President Joan Adaci-Cattiling said underground exploration drilling is well underway within the Didipio...
OceanaGold (Philippines), Inc. (OGP) has elected Brian Douglas Martin, the senior vice president for business development and investor relations of parent company OceanaGold Corp., as the new chairman of its board of directors. In a disclosure to the Philippine Stock Exchange, OGP said Martin...
Listed mining firm OceanaGold (Philippines) Inc. (OGP) has remitted ₱466.86 million in additional government shares (AGS) to the national government, as stipulated in the company’s financial or technical assistance agreement (FTAA). In a statement on Thursday, May 1, OGP said this brings the...
Listed mining firm OceanaGold (Philippines) Inc. (OGPI) said it paid ₱397.7 million in local business tax (LBT) to three municipalities in the provinces of Nueva Vizcaya and Quirino, as part of the company’s bid to share its success with local communities. In a statement on Monday, March 3,...
Listed mining firm OceanaGold (Philippines) Inc. reported a 13 percent growth in net income to $30.3 million last year from $26.8 million in 2023 as higher metal prices partly offset the impact of lower ore grades and bad weather at its Didipio mine. In a disclosure to the Philippine Stock...
OceanaGold (Philippines) Inc. reported that its net profit fell 40 percent to $25.7 million in the first half of 2024 from the $42.6 million earned in the same period last year. “This was primarily driven by lower Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization),...
The local stock market bounced on strong investments data and hope for lower US inflation numbers. The main index jumped 92.32 points or 1.42 percent to close at 6,604.25 as the Services banking sectors surged. Volume was hefty at 947 million shares worth P11.01 billion as gainers beat losers 118...
Toronto-listed multinational gold mining firm OceanaGold Corporation is divesting 20 percent of its stake in wholly-owned subsidiary OceanaGold (Philippines) Inc. (OGPI) via a P7.88 billion initial public offering (IPO) as required by the government. OceanaGold Philippines' Didipio mine in Nueva...
Didipio Gold-Copper Mine, owned by OceanaGold Corporation’s local subsidiary OceanaGold Philippines Inc., is increasing its Community Development Fund (CDF) budget to P169 million this year. In a press statement, the firm said this is a 24 percent increase from their 2023 allocation of P136...
The Court of Tax Appeals (CTA) has denied the petition filed by Oceanagold Philippines, Inc., which sought from the Bureau of Internal Revenue (BIR0 a refund or tax credits for P155.5 million in excise taxes which it claimed were illegally assessed and collected in 2017. Oceanagold, a mining...
Alyansa Tigil Mina (ATM) has denounced the renewal of the Financial or Technical Assistance Agreement (FTAA) of Australian-Canadian miner OceanaGold Corporation (OceanaGold) amid environmental concerns. In a statement, ATM "strongly denounced" the decision of President Rodrigo Duterte to renew the...
Two years after its Financial or Technical Assistance Agreement (FTAA) with the Philippine government expired, Australian-Canadian miner OceanaGold Corporation (OceanaGold) is now allowed to resume the operations of its gold-copper mining project in the country until 2044. This is on condition...
