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OceanaGold Corporation

OGC

OceanaGold Corporation, a gold producer, engages in the exploration, development, and operation of mineral properties. It explores for gold, copper, and silver deposits. The company operates the Didipio gold-copper mine located in the Nueva Vizcaya and Quirino provinces on the island of Luzon in the Philippines; the Macraes goldfield mine on the South Island of New Zealand and the Waihi gold mine on the North Island of New Zealand; and the Haile gold mine located in South Carolina, the United States. OceanaGold Corporation was founded in 2003 and is based in South Brisbane, Australia.

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Analysis

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Financials

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Information

Key Information

Legal Entity

OceanaGold Corporation

Sector

Precious Metal

Founded

October 25, 2007

Employees

2,146

Reporting Currency

CAD

Contact Phone

61 3 9656 5300

Headquarters Address

99 Melbourne Street , Vancouver , QLD 4101 , AU

Identifiers

CUSIP

675222103

Commodity Portfolio

AU Gold Primary
CU Copper Byproduct

Stock Exchanges

OGC TSX • CAD
OGC:TSE
OGC ASX • AUD
OGC:ASX
OCANF OTC • USD
OCANF:OTCMKTS

Organization

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Videos

OceanaGold - Production & Growth Outlook: Advancing High-Margin Gold Production, Strategic M&A

OceanaGold - Production & Growth Outlook: Advancing High-Margin Gold Production, Strategic M&A

The KE Report
20 days ago 20:47

Key Highlights

detailed
  • Brian Martin guides to 2026 production of 520,000-590,000 oz of gold, roughly 12% above 2025 at the midpoint, with the growth self-funded and organic and Haile the largest contributor this year.
  • Martin lays out a growth runway to about 650,000 oz per year: Katanning adding 100,000+ oz per year from 2029 and the Waihi North project (around 200,000 oz per year) coming online in 2031-32.
  • The board approved up to $430 million of capital returns for 2026 - a dividend tripled to 9 cents per share plus a $350 million buyback - and the company reports no debt and $655 million in cash as of the September 23, 2026 interview.
  • Q2 2026 all-in sustaining costs were $2,151/oz against a $4,433/oz average selling price (close to a 50% margin per Martin), with costs expected to ease in H2 2026 on higher production and full-year free cash flow seen around $700-800 million, a 10-12% yield.
  • Martin says the Macraes Phase 4 permit application, filed the week before the interview, would extend that mine into the late 2030s, with updated reserve estimates due this year and the Southern Pit potentially entering the mine plan from 2032.

OceanaGold management guides 2026 production of 520,000 to 590,000 ounces — 12% growth over 2025 — driven by higher-grade ore after 2025 waste stripping. AISC (All-In Sustaining Cost — what it really costs to produce an ounce) hit $2,151 in Q2 against a $4,433 average selling price — margins near 50%. The just-under-$550-million Ausgold takeover adds the Katanning project in Western Australia, sequencing output toward about 650,000 ounces a year from 2029 onward. Management splits cash flow into four buckets — reinvestment, growth, cash build, and shareholder returns — tripling the dividend alongside a $350 million buyback. Debt-free with $655 million in cash and a claimed 10-12% free cash flow yield, the guest positions OceanaGold as cheap versus intermediate gold peers.

Two Jurisdictions, One Thesis: Inside Toogood Gold's ($TGC | $TGGCF) High-Grade Discovery Strategy

Two Jurisdictions, One Thesis: Inside Toogood Gold's ($TGC | $TGGCF) High-Grade Discovery Strategy

Investor TV
21 days ago 1:00:32

Key Highlights

brief
  • The guests compare Table Mountain's vein textures to OceanaGold's Waihi operation and Martha vein in New Zealand, with Colin Smith calling the deposit model a dead ringer for productive low-sulfidation systems.
  • Epithermal expert Stuart Simmons, who has spent extensive time in New Zealand, was brought in to validate the geological model and this comparison.

Toogood Gold advances two assets: an undrilled epithermal (near-surface hot-water) gold-silver system at Table Mountain, Nevada, and the Quinlan discovery in Newfoundland. Independent epithermal expert Stuart Simmons placed the gold-precipitating boiling horizon 50 to 200 meters below surface exposure, guiding shallow first drilling. Mapping defined multi-kilometer Widowmaker and Pacifico vein structures with property-wide boiling textures and surface rock samples running anomalous to multi-gram gold. Newfoundland's Quinlan zone shows visible gold in roughly half of early holes, surface grades to 76.89 g/t (grams per tonne), and stays open. A 3,000-5,000 meter maiden drill program could start in Q4 once permits land, funded from treasury plus a planned $2.5-3 million raise.

Rua Gold ($RUA | $NZAUF): Unlocking Reefton’s Historic Goldfield

Rua Gold ($RUA | $NZAUF): Unlocking Reefton’s Historic Goldfield

Investor TV
25 days ago 42:41

Key Highlights

brief
  • The host cites OceanaGold's Macrae's and Wahi open-pit mines (operating 40+ years across multiple NZ administrations) as proof of New Zealand's political stability for mining, contrasting the ~$14B OceanaGold market cap with RUA's ~$100M US market cap.
  • The host notes OceanaGold previously operated the Globe Progress open pit (with a historical 350,000 oz M&I resource, ~1.5km from RUA's Alt Creek) before shutting it in 2014 and reclaiming it in 2015.

Reefton's Old Creek targets first antimony-gold concentrate by mid-2028 from a 25,000 oz/year starter mine with $130M CapEx. Nine undrilled historic mines at Reefton support a hub-and-spoke expansion that could roughly double throughput. Antimony co-product (25% antimony, 80 g/t gold) drew metal trader Mercuria into a $5M strategic investment. New Zealand's fast-track permitting compresses mine approvals to about six months; application is due October. Three oversubscribed, warrant-free raises let Rua Gold fund the permitting path with minimal dilution overhang.

A $549M BET ON AUSTRALIA | OceanaGold x AusGold

A $549M BET ON AUSTRALIA | OceanaGold x AusGold

The Deep Dive
about 2 months ago

Key Highlights

detailed
  • The host frames the headline as OceanaGold acquiring AusGold for ~$549M (~$550M US) in a primarily stock deal — OGC closed Monday at $40.86 CAD, up 2.8% on the news (unusual for all-stock deals); AusGold holders will own 6-8% of the combined company at December close
  • The host argues the value creation isn't the entry price (0.4x P/NAV is the going developer rate) but a re-rate toward the producer multiple (~0.7x NAV) — a near 1.7x gain on identical ounces if Katanning actually gets built
  • Funded from $655M of cash with no debt and behind a record free cash flow year; the deal puts no new debt on the balance sheet, doesn't touch the growth pipeline or buyback, and the cash alternative is capped at $194M (25%)
  • Katanning will be the 5th asset alongside Haile (South Carolina), Macraes (Waihe, New Zealand), and Didipio (Philippines) — the host casts it as the answer to a long-running jurisdictional asterisk on the portfolio
  • Builds a jurisdiction-discount thesis: OGC trades at ~$11.5k of market cap per guided ounce on 555k oz vs Alamos at ~$26.1k/oz and Lundin at ~$32k/oz, and ~6x forward earnings — with cost ruled out (guided AISC $1,750-$1,900 is mid-pack and better than IAMGOLD/Equinox), jurisdiction is the gap Katanning is meant to fill

OceanaGold acquires AusGold for $549M, gaining Katanning — a Western Australia open-pit gold project — as its fifth asset. All-stock deal at a 44% premium to AusGold 20-day VWAP; first gold slips from AusGold 2028 target to 2029. Katanning economics: 10.3-year mine life, 1.2Moz recovered, AISC near $1,590/oz, $354M pre-production capex, 1.1 g/t grade. Value hinges on re-rating from developer 0.4x NAV to producer 0.7x NAV — a ~1.7x lift on identical ounces. OceanaGold trades at ~$11,500 per guided ounce versus Lundin Gold $32,000 and Alamos Gold $26,100 — the gap the deal aims to close.

Headwater Gold - Expanding the Newmont Partnership: New Earn-In At Jupiter & Spring Peak Phase 2 JV

Headwater Gold - Expanding the Newmont Partnership: New Earn-In At Jupiter & Spring Peak Phase 2 JV

The KE Report
about 2 months ago

Key Highlights

brief
  • Partnered with Headwater on three projects in northern Nevada, including Jake Creek, where a 3,500-metre drill program is over three-quarters complete as of the interview.

Newmont's third Headwater earn-in at Jupiter shows majors moving fast: a signed deal three months after acquisition on a 5km x 8km Walker Lane target. Spring Peak's Phase 2 JV unlocks $40M over three years for Newmont to reach 65%, contingent on the Burnt Rock permit landing near year-end 2026. Partner-funded drill programs advance at Crane Creek (Centerra, 3,000m, Idaho) and Jade Creek (OceanaGold, 3,500m, Nevada), with assays expected through fall 2026. Headwater's C$6M-C$7M cash position lets it keep generating new epithermal targets while funding its share of three active partner-led JV programs.

Rick Rule: Copper Has WAY More Potential Than Gold

Rick Rule: Copper Has WAY More Potential Than Gold

VRIC Media
2 months ago

Key Highlights

brief
  • Rick singles out Oceanagold, alongside B2Gold, as a tactical-viewpoint acquisition candidate because it trades at a meaningful discount to underlying value.

Major copper producers need roughly $250 billion just to hold production steady — and they don't have the capital, opening a financing boom for streamers. Wheaton Precious and Franco-Nevada could be the biggest winners — silver byproducts from copper mines earn much higher multiples inside a streamer. Rule is rotating out of Franco, Wheaton, and Agnico into smaller, more speculative juniors to front-run the coming M&A wave. Most majors face a five-year depletion problem — only Agnico and Goldfield, Rule says, have near-term production covered. A red flag in royalty M&A: rapid capital deployment without a structural edge usually signals overpayment, not bargain hunting.

Headwater Gold Locks In Third Earn-In Deal with Newmont

Headwater Gold Locks In Third Earn-In Deal with Newmont

CEO.CA
2 months ago 11:19

Key Highlights

detailed
  • Oceanagold funds three Headwater projects, all in northern Nevada, including the Jake Creek project brought into partnership in October 2025.
  • He says a partner-funded drill program with a couple of rigs was recently underway at Jake Creek, testing larger epithermal targets while also following up on known historic mineralization.
  • He notes historic drilling there, originally aimed at deep Carlin-type gold near the Turquoise Ridge complex of Nevada Gold Mines, cut shallow epithermal gold in volcanic rocks, including intercepts of 47 meters at almost 1 g/t, that was never followed up.
  • He flags Jake Creek drill results as one of the key news items for shareholders to watch during the rest of 2026.

Headwater Gold announced a third Newmont earn-in (a deal where a partner funds exploration to earn ownership) on a new Walker Lane project. Staged terms: $10 million for 51%, $20 million more for 65%, then a pre-feasibility study for 75% plus a 2% NSR royalty (production revenue share). Centerra-funded drilling at Crane Creek — the first since the 1990s — chases a much larger epithermal (hot-spring origin) gold system below shallow historic holes. Twin rigs at OceanaGold-funded Jake Creek chase shallow epithermal gold that historic deep Carlin-type drilling found but never followed up. Acting as operator on partner-funded projects earns a 10% management fee covering most corporate overhead so spending flows to exploration and drilling.

Metalsource Mining's ($MSM | $MSMMF) Silver Hill Project: Drill Results & What's Next

Metalsource Mining's ($MSM | $MSMMF) Silver Hill Project: Drill Results & What's Next

Investor TV
2 months ago

Key Highlights

brief
  • John notes that Oceana Gold's Hale mine in North Carolina is on trend with Metalsource Mining's Silver Hill, though Joe says the two projects are hundreds of kilometres apart on the Carolina slate belt.
  • Joe says he has spoken with Oceana Gold's VP of exploration Nick Patrick, who has reached out because of Metalsource's private-land position and high-grade results.

Metalsource Mining's Silver Hill project has produced a standout drill hole grading 48 g/t gold over 12.6 meters within its first 21,000 feet of drilling. Lead-zinc base metals at Silver Hill act as the project's economic backbone while gold and silver are by-product credits — a mix the CEO says institutional investors prefer. Property-wide IP survey suggests Silver Hill's mineralized trend may extend along roughly 2.4 kilometers of strike beyond the original mine footprint. Both Silver Hill and Bird Pilot sit on private land in mining-friendly North Carolina, removing the permitting risk that has stalled other junior explorers. Cullen says Metalsource has $4 million in cash, Eric Sprott as its largest shareholder, and no need to raise before seasonal strength in Q1.

Live Q&A with Rick Rule and Steve Barton

Live Q&A with Rick Rule and Steve Barton

Rule Investment Media
2 months ago

Key Highlights

brief
  • Rule contrasts Oceana Gold unfavorably with B2Gold, saying Oceana is 'more a collection of tier two deposits' while B2 has two tier-one assets

Rick Rule frames currency debasement and a structural copper deficit as multi-year themes, and treats the uranium pullback as a buying window rather than a topping signal. Two majors as shareholders of a junior like Founders Metals create real auction tension if a discovery is made, plus adult supervision and a tighter effective float. Rule sizes lithium as a processing-bottleneck story, not a raw-material shortage, and flags direct lithium extraction from oil and gas brines as the long-term threat to hard-rock producers. Abitibi 'orphan' deposits such as Emperor Metals can now monetize via nearby mills, removing the capex bar that once left them undeveloped in past cycles. Rule is constructive on Cameco, Origin Royalties, Alamos, Emperor, B2Gold, and Cheniere; he is cautious on lithium juniors and explicitly refuses to time the uranium market.

Erik Wetterling – Value Proposition In Nevada King Gold, Cabral Gold, and Rua Gold

Erik Wetterling – Value Proposition In Nevada King Gold, Cabral Gold, and Rua Gold

The KE Report
3 months ago

Key Highlights

brief
  • Rua Gold's North Island low-sulfidation epithermal project sits next to Oceana Gold's WKP project, which Erik cites at 1.4 million ounces at almost 18 grams per ton.
  • Erik adds that one of Rua Gold's geologists was part of, and may have headed, the team that discovered Oceana Gold's bonanza-grade project.

Nevada King trades at a steep discount to its strategic investor's entry while drilling 40,000 metres across a brownfield Nevada oxide gold project. Cabral Gold's Phase 1 heap leach (recovering gold from loose near-surface rock) is roughly 85% built and commissioning in Brazil. Rua Gold pairs a fast-tracked starter underground project in New Zealand with antimony (a critical mineral) and district-scale exploration upside. The guest argues cheapness is the best offense and defense, making proven ounces plus exploration optionality an asymmetrical setup. Early revenue from a small starter operation can fund exploration and shield juniors from sector sentiment and dilution.

What's Behind the GOLD Crash? 'All the Fundamentals Still VERY Strong'

What's Behind the GOLD Crash? 'All the Fundamentals Still VERY Strong'

Commodity Culture
3 months ago

Key Highlights

detailed
  • Oceanagold's oldest open pit, the Wahi mine, has produced about 10 million ounces and the surrounding town was built around it, which the guest uses as evidence the district is proven.
  • Its North Wahi project, about 1.5 million ounces at 18 grams per tonne, was permitted in 114 days under the fast-track process, which the guest cites as proof the New Zealand regime works.
  • Oceanagold had to drop the adjacent Glamorgan ground while applying for that permit, and the guest says Rua Gold picked it up from them in the process.

Robert Eckford calls gold's slide below $4,000 a buying opportunity, saying the pullback is healthy and the fundamentals behind it are very strong. Central banks bought about 244 tons in Q1, 17% more than Q4, and are shifting out of dollars into gold. War-driven inflation, not rate hikes, should send investors back to gold as the liquid holding that outpaces rising prices. Gold equities still lag the metal, with Newmont's multiple compressed toward six times earnings despite a 30-year mine life. Rua Gold targets a 2027 build at Auld Creek after a positive PEA, funded by a $33 million raise from institutional holders.

Silver Stocks Will Lead the Next Bull Run | Rick Rule

Silver Stocks Will Lead the Next Bull Run | Rick Rule

The Deep Dive
3 months ago

Key Highlights

brief
  • Rule's worked example of the value screen is Oceana Gold: comparing price against NAV, net present value and forward cash flow against its pipeline, he sees it undervalued relative to its peers.
  • He says a gap like that closes one of two ways, value buyers stepping in or a takeover by a company with a lower cost of capital, with nothing in between.

After a 35-40% drawdown, Rule says quality mining companies now trade at discounts that make them compelling again. Mining's long underinvestment in exploration and development means companies must buy growth, setting up an M&A wave. Rule screens stocks on price versus net present value, then waits for arbitrageurs or an acquirer to close the gap. He prioritizes deposit size and grade over jurisdiction, arguing world-class ore bodies finance their own infrastructure. Silver equities offer more leverage than the metal, and he expects leadership to rotate from gold as generalist capital returns.

Live Q&A with Rick Rule and Albert Lu

Live Q&A with Rick Rule and Albert Lu

Rule Investment Media
3 months ago

Key Highlights

detailed
  • Rick names OceanaGold, with B2Gold, as anomalously valued — cheap enough today, trading at low ratios to trailing earnings and cheap on NPV-to-enterprise-value or price-to-cash-flow.
  • He points to management consistency and the Haile deposit performing well, plus what he calls a lot of exploration upside at Waihi.
  • He notes OceanaGold holds a collection of tier-two deposits versus B2Gold's tier-one Fekola, which is why he leans slightly toward B2Gold, though he is attracted to both at current prices.

Falling share prices against rising values signal a bargain season; Rule urges investors to pre-build tiered shopping lists before forced selling creates bargains. Mining costs are inflating: consumables rise near 10% compounded versus stated CPI, so AISC (All-In Sustaining Cost — full production cost per ounce) climbs industry-wide. Rule favors uranium's remaining upside after the hated-to-not-hated move, sees a multi-year US natural gas upcycle, and still expects five-to-ten-year metals bull markets. Rule backs B2Gold and OceanaGold at low cashflow multiples, seeing resolved construction problems and quiet Mali diplomacy as mispriced strengths supporting further gold-sector M&A. Ivanhoe Mines offers compelling value for DRC-risk takers as Kamoa-Kakula repairs, a new smelter, and two more tier-one deposits reshape 2027 cashflow.

Toogood Gold ($TGC | $TGGCF): Advancing a District-Scale Gold Project in Nevada

Toogood Gold ($TGC | $TGGCF): Advancing a District-Scale Gold Project in Nevada

Nordic Funds
3 months ago

Key Highlights

brief
  • The CEO's vein-texture comparison slide to New Zealand's Waihi mine - cited as a tier-one low-sulfidation system that has produced over 8 million ounces - was taken from a YouTube presentation by an OceanaGold team member.

CEO Colin Smith says the never-drilled Table Mountain project in Nevada is a district-scale epithermal (hot-spring style) gold system with multigram gold in surface veins. Band-on-band vein textures record boiling — the process that drops gold out of solution — pointing to shallow drill targets in an intact system. Origin Royalties and Altius Minerals found the project with airborne spectral alteration mapping, mirroring the 16-million-ounce Silicon-Merlin district nearby. In Newfoundland, the Toogood project hit visible gold in 15 of 19 maiden holes, and thin glacial cover makes soil anomalies reliable drill guides. About C$3 million in treasury and 85 million shares out fund the work, with a maiden Nevada drill planned for Q3 or Q4.

SLAM Exploration is Multiplying Targets in the Bathurst Mining Camp

SLAM Exploration is Multiplying Targets in the Bathurst Mining Camp

CEO.CA
4 months ago 8:50

Key Highlights

brief
  • The guest names Oceanagold's project on the well-known Avalon-Gander contact belt as one of the established gold mines on the same geology that hosts SLAM's JakeLee property.

First drilling at SLAM's Jake Lee gold project hit the target structure in all five holes, including roughly 50 metres of mineralized quartz; assays pending. Goodwin's zones run up to 75 metres at 2.5% copper equivalent (all metals as one copper grade); a winter VTEM survey flagged 23 targets. The guest says Mine Road's 9-metre ore shoot runs about 15% zinc, 6% lead and 140 g/t silver next to the camp's biggest historic mine. Menival Gold shows visible free gold in veins, with grab samples up to 3,900 g/t; summer trenching comes before planned 2026 drilling. With about $2 million cash and a $12 million market cap, the guest says a 'big brother' major is needed to fund resource-scale drilling.

Gerard Bond, President & CEO of OceanaGold Corporation | Rule Symposium 2026: Rick Rule interviews

Gerard Bond, President & CEO of OceanaGold Corporation | Rule Symposium 2026: Rick Rule interviews

Rule Investment Media
5 months ago

Key Highlights

detailed
  • The guest argues the shares are undervalued: at a roughly $7.5 billion market cap the stock trades at about 3.5x market price to enterprise value against a peer-group average near 7x, while carrying one of the highest free cash flow yields in that peer set.
  • Four producing mines: Hale Gold Mine in South Carolina (~45% of 2026 production), Macraes and Waihi in New Zealand (~40%), and one in the Philippines. He says all assets are producing, profitable and each carries its own growth options.
  • Hale is the near-term growth engine - 2026 production is up about 30.5% year over year to roughly 245,000 ounces on lower unit costs, which he expects would make OceanaGold the fourth-largest gold producer in the US.
  • Operating cash flow is split roughly 20% into sustaining the business, 20% into growth and about 40% returned to shareholders through buybacks and dividends (last year and in Q1 2026), with the remainder building a debt-free balance sheet holding about $620 million in cash.
  • Growth is brownfield-led: the new mine outside Waihi (which he calls WKP) holds about 1 million ounces of reserve at 9 g/t and feeds an existing mill and workforce, Waihi North received life-of-mine permits in December 2025, strong drill results at both Hale and WKP extend the mine-life runway, and new technical reports lengthened lives at Macraes, Hale and the Philippine asset.

OceanaGold trades near 3.5 times enterprise value to annualized cash flow against a peer average of 7, the CEO says. Four producing mines in the US, New Zealand and the Philippines all generate cash, so growth is self-funded. AISC (All-In Sustaining Cost — what it really costs to produce an ounce) is dropping at Hale as output rises about 30%. A $620 million cash balance and no debt fund a new mine, buybacks and dividends without outside capital. Recent drilling extended both ore bodies, and a one-million-ounce New Zealand reserve feeds an existing mill.

Caleb Stroup, President & CEO of Headwater Gold  | Rule Symposium 2026: Rick Rule interviews

Caleb Stroup, President & CEO of Headwater Gold | Rule Symposium 2026: Rick Rule interviews

Rule Investment Media
5 months ago

Key Highlights

brief
  • Headwater announced the morning of the interview that it plans to drill Jay Creek in Nevada with Oceana Gold, a maiden program following up a compelling historical blind discovery at depth at a project not drilled in 15 years.
  • Oceana Gold is named among the major partners that have kept Headwater's 12-project portfolio actively explored over the past three years, alongside Newmont, Newcrest, and Sentara.

Headwater Gold pairs six major-funded partnerships with six wholly owned projects in a 12-asset, Nevada-focused epithermal (hot-water vein) gold portfolio. Spring Peak, Headwater's most advanced Newmont partnership, hit high-grade epithermal gold under barren alteration; permitting runs through FAST 41, the streamlined US federal track. The CEO's test: spend $500,000-$1.5 million to conclusively drill a vein thesis — success, clean failure, or technical success that de-risks it for majors. About $42 million market cap, $7 million cash, no debt; partner management fees cut net overhead to roughly $30-40,000 monthly, stretching runway for years. Insiders own 28%; Newmont holds 7% and Sentara Gold 9.9%. Catalysts: maiden Jay Creek drilling, Idaho's Crane Creek, and the newly announced Jupiter project.

Rua Gold ($RUA | $NZAUF) Investor Webinar: Gold, Antimony, and New Zealand's Mining Renaissance

Rua Gold ($RUA | $NZAUF) Investor Webinar: Gold, Antimony, and New Zealand's Mining Renaissance

Investor TV
5 months ago

Key Highlights

detailed
  • The CEO says Oceanagold's Fari Kiraponga (WKP) project next to Rua's Glamorgan ground holds about 1.5 million ounces at 18 g/t, is open in every direction, and is now under construction, with fresh drill results released about three weeks before the webinar showing the high grade continues.
  • The project was permitted in 114 days through New Zealand's fast-track process — the CEO's evidence that fast-track permitting is real and mines are actually being built under it.
  • The CEO also describes Oceanagold as a roughly $14 billion company that has long dominated New Zealand gold mining, with the Waihi mine at 10 million ounces produced, 2 million ounces still in reserves, and operating today.

A preliminary economic assessment (an early-stage mine study) shows Rua Gold's first 200 meters at Old Creek already generate a profitable starter mine. CEO Robert Eckford plans a pre-feasibility study by October, backed by a 20,000-meter drill program that is adding ounces and grade. New Zealand's six-month fast-track permitting drives the rush: the mine application is due 31 October, ahead of a 7 November election. Antimony (a critical metal China restricts) is about 35% of expected revenue and draws Japanese, Korean, and US offtake interest. Eckford warns the deposit stops paying if antimony falls to $15,000 per ton, and Glamorgan's epithermal upside remains undrilled with permits expected in Q2.

Headwater Gold - Jake Creek Drill Program & Lodestar Targeting; Partners OceanaGold & Newmont

Headwater Gold - Jake Creek Drill Program & Lodestar Targeting; Partners OceanaGold & Newmont

The KE Report
5 months ago

Headwater Gold commences an 8-10 hole drill program at Jake Creek, partnered with OceanaGold, targeting historic high-grade gold intercepts. Scout drilling at the Lodestar project identified the new Meridian alteration zone, with an IP geophysics survey planned to define targets at depth. The company strategically expanded its land position by staking additional claims north of Jake Creek to capture the full mineralized trend.

Hugh Agro, President & CEO of Revival Gold Inc. | Rule Symposium 2026: Rick Rule interviews

Hugh Agro, President & CEO of Revival Gold Inc. | Rule Symposium 2026: Rick Rule interviews

Rule Investment Media
5 months ago

Key Highlights

brief
  • Agro cites Oceanagold among the gold miners bringing their mining endeavors back to North America.

Revival Gold hunts large past-producing US gold projects idled at low prices, betting they turn economic near $4,000-5,000 gold. CEO Hugh Agro says left-behind infrastructure — an energized power line, roads, an existing processing plant — is alone worth the C$250 million market cap. Merkur in Utah: a preliminary economic assessment (PEA — an early, rough economics study) outlines 100,000 annual ounces on roughly $210 million of capital. BearTrack in Idaho holds 4.6 million ounces; its first 1.1 million ounces fit a planned open-pit heap leach (a low-cost gold recovery method). Management maps a prefeasibility study (PFS — a deeper economic blueprint) for early 2027, permitting and feasibility by end-2027, and a construction decision in early 2028.

Articles

OceanaGold Lays Out a Self-Funded Path From 500,000 Ounces Toward 650,000

On The KE Report, OceanaGold SVP Brian Martin guides to 520,000–590,000 ounces of gold in 2026, cites consensus of $700–800 million in full-year free cash flow, and maps a path to roughly 650,000 ounces a year through Macraes Phase 4, the Waihi North project, and the just-under-$550 million AusGold acquisition — with $655 million of cash, no debt, and up to $430 million of capital returns this year.

20 days ago
OceanaGold - Production & Growth Outlook: Advancing High-Margin Gold Production, Strategic M&A
Read article

Oceanagold update: debt-free balance sheet, Haile growth, and a fully permitted Waihi North Project

Oceanagold's Gerard Bond lays out 2025 guidance of 450,000-520,000 ounces across four mines, near-term growth from Haile, and a fully permitted Waihi North Project that could lift Waihi to roughly 220,000-250,000 ounces at peak. He also cites a debt-free $335 million cash position, a doubled dividend, $175 million of buybacks, and an April 2026 NYSE listing.

8 months ago
Oceana Gold Update | Gerard Bond and Jimmy Connor
Read article

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