OceanaGold Philippines, Inc.
34.50
PHP
0.00
(0.00%)
ISIN
PH0000058638
CUSIP
000005863
Return %
Stock
S&P 500
1Y
29.21
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- Full Time Employees
- 968
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- Kasibu Philippines
- IPO Date
- May 13, 2024
- Website
- didipiomine.com.ph
- Similar Companies
- Business
- OceanaGold (Philippines), Inc. is a mining and mineral exploration company engaged in the exploration, development, extraction, processing, and commercial marketing of gold, copper, and silver resources in the Philippines. The company operates as a key operating subsidiary of Canada-based multinational mining company OceanaGold Corporation. Incorporated in 1994 and headquartered in Makati City, Metro Manila, Philippines, the company owns and operates the Didipio Gold and Copper Mine, a high-grade underground and surface mining asset located in the provinces of Nueva Vizcaya and Quirino on the island of Luzon, operating under Financial or Technical Assistance Agreement No. 001. The company's primary products and commercial offerings comprise: copper-gold concentrate containing commercial concentrations of copper, gold, and silver for export to global smelters and commodity trading houses; unrefined gold doré bars composed of gold and silver alloys produced via on-site electrowinning and smelting circuits for delivery to precious metal refineries; underground mechanized mining services utilizing sublevel open stoping and paste backfill technologies; ore beneficiation and mineral processing operations utilizing primary jaw crushing, SAG milling, gravity concentration, and froth flotation systems; environmental and tailings management operations; and regional geological exploration, resource modeling, and core drilling services across its tenement concessions. In recent corporate developments, OceanaGold (Philippines), Inc. completed its initial public offering on the Philippine Stock Exchange in May 2024 under the ticker symbol OGP, successfully listing twenty percent of its outstanding common shares to fulfill local public ownership requirements under its renewed Financial or Technical Assistance Agreement. Operationally, the company has ramped up underground mining throughput toward 2.0 million tonnes per annum through mine sequence optimization, underground mobile fleet enhancements, and upgraded ventilation and haulage systems. Additionally, the company has executed aggressive near-mine exploration and depth-extension drilling programs to convert mineral resources to reserves and extend the mine life of the Didipio deposit, while implementing a formal semi-annual dividend distribution policy for public shareholders.