$OGC

OceanaGold seeks fast-track approval for its $3.1B Macraes mine expansion, targeting 1M oz of gold. The project aims to extend operations beyond 2032, adding jobs and ecological protections. The company withdrew a previous application due to environmental concerns but is now pursuing a different approval process. Gold prices have risen significantly since the initial rejection, improving the mine's profitability.

OceanaGold Corp (OGC) applied to extend its Macraes mine's life into the late 2030s. The stock is deemed 27.9% overvalued at $30.26 vs. GF Value™ of $23.65, but has a strong GF Score™ of 82/100. Institutional investors are increasing holdings, while insiders show no recent activity. The company's P/E ratio is 7.97x, below its 5-year median of 13.37x.

The TSX rose 1.5% on Thursday, led by miners and tech, after Fed Governor Waller suggested patience on rate hikes. Celestica gained 11.4%, Wesdome Gold 8%, and Thomson Reuters 5%. The Canadian dollar strengthened to 72.53 cents. U.S. markets also climbed, with the Dow up 1.2%.

Ausgold Limited [AUC] reported progress on its Katanning Gold Project, including improved economics, land acquisitions, and a proposed acquisition by OceanaGold at a premium. The company also reduced net loss and strengthened its balance sheet.

American Pacific Mining completed 2,000m of drilling at its Madison Copper-Gold Project and plans a 15,000m phase. Rio Tinto agreed a long-term power deal with Tomago Aluminum for US$778.39m. OceanaGold will acquire Ausgold's Katanning gold project for US$549m. The US DOE plans US$160m investment in critical minerals. Mining companies are adopting digital platforms for efficiency, with the market growing 39.5% in 2023.

OceanaGold (OGC) agreed to acquire Ausgold, owner of the Katanning Gold Project, for $549M. The deal adds a fifth asset to OceanaGold's portfolio, with Katanning expected to produce over 100,000 ounces of gold annually. OceanaGold plans to fund the acquisition with cash and shares, with the transaction expected to close in December 2026. OceanaGold has $655M in cash and no debt, projecting $2.1B in cash by 2029.

Spot gold rose to $4,562.86/oz, up 4.2% this week, boosting OceanaGold Philippines' Didipio mine margin above $3,460/oz. OGP's Q2 net income doubled to $32.7M, with revenue up 32% to $126.9M. Higher gold prices and solid operations supported a $17M dividend.

OceanaGold has proposed a USD552m acquisition of AusGold, including its Katanning Gold Project. AusGold shareholders will receive OceanaGold shares or cash from a capped AUD194m pool, resulting in 6-8% ownership of the combined group. OceanaGold will also provide a AUD20m bridge loan to AusGold. Legal advisors Corrs Chambers Westgarth and Baker McKenzie facilitated the deal.

OceanaGold (TSX: OGC) fell 6.39% on August 18, 2026, due to profit-taking and commodity volatility. The company operates gold and copper mines in the U.S., New Zealand, and the Philippines. Despite solid Q2 production, investors are concerned about production sequencing, cost pressures, and geopolitical risks. Gold market volatility, driven by factors like the US-Iran conflict, also impacted the stock.

OGC Group Bhd filed to list on Malaysia’s ACE Market to raise funds for expansion, according to its draft prospectus with Bursa Malaysia. IPO proceeds would fund machinery and vehicles, including a wheel loader, batching plant, dump trucks, excavators and mixer trucks, plus working capital. OGC reported FY2025 revenue of RM81m (+17%) and profit after tax of RM7.25m. Ling’s stake will be diluted to 70% post-listing.