OceanaGold PHL Q1 profit falls 36% on lower gold sales - BusinessWorld Online

Lower gold production drags OceanaGold Q1 income

MANILA, Philippines — Lower gold production dragged down OceanaGold Philippines’ net income in the first quarter, reaching $7.4 million. The company, the local subsidiary of Australian-Canadian mining firm OceanaGold Corp., told the local bourse its earnings in the first three months declined by 35.6 percent from $11.5 million a year ago. Gold produced in the

OceanaGold PHL Q1 profit falls 36% on lower gold sales - BusinessWorld Online

LISTED OceanaGold Philippines, Inc. (OGP) saw its net income for the first three months drop by 36% to $7.4 million, as revenue decreased primarily due to lower gold sales. The company’s revenue fell by 14% to $79.3 million from $92.1 million a year earlier. “For the first quarter, the company sold 17,800 ounces (oz) of gold, with an average price received of $2,858 per ounce, compared to 31,800 ounces of gold, with an average price received of …

OceanaGold profit plunges 36% in Q1 on lower gold output

Listed mining firm OceanaGold (Philippines) Inc. (OGP) saw its net income plunge by 36 percent to $7.4 million in the first quarter of 2025, from $11.5 million in the same period last year, due to lower gold production and sales.In a disclosure to the Philippine Stock Exchange (PSE), OGP said revenues in the first three months of the year reached $79.3 million, a 14-percent decline from $92.1 million recorded in 2024.The sharp drop in earnings i…