OceanaGold Q4 revenue hits record level; co plans to double share buyback in 2026

Overview

• Canadian gold and copper producer's Q4 revenue reached record levels

• Company reported record Q4 net profit of $328 mln

• Company plans to triple dividend and double share buyback in 2026

Outlook

• Oceanagold projects 2026 gold production growth of ~12% to 520,000-590,000 ounces

• Company expects 7% reduction in 2026 AISC to $1,750-$1,900 per ounce

• Oceanagold plans $340 mln investment in growth and exploration in 2026

Result Drivers

• GOLD PRODUCTION INCREASE - Q4 gold production rose 52% from the prior quarter, with all four sites contributing to the increase

• AISC REDUCTION - Q4 All-In Sustaining Costs were 25% lower, contributing to improved profitability

• HIGH GOLD PRICE - Record average realized gold price of $4,227 per ounce boosted revenue

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the gold peer group is "buy"

• Wall Street's median 12-month price target for OceanaGold Corp is C$59.00, about 18.5% above its February 17 closing price of C$49.80

• The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nPn1vQcV1a

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