OceanaGold reports Q3 2026 results and announces Ausgold acquisition
OceanaGold posted Q3 2026 revenue of $655 million, net profit of $198 million and free cash flow of $155 million. Gold output was 133,400 ounces and all‑in sustaining cost (AISC) was $1,874 per ounce, 13% lower than the prior quarter. The company announced it will acquire Ausgold Limited, owner of the Katanning Gold Project, with closing expected in December 2026. Management said the fourth quarter should be the strongest of the year, driven by higher production at Haile.
Why it matters
The company expects the Q4 production surge and lower costs to improve earnings, while the Ausgold deal adds a new growth asset to the portfolio (the company said the acquisition will add the Katanning project). The cash balance rose 11% to $729 million with zero debt, giving ample liquidity for the higher capital spend (the company expects capital investment $45 million above guidance).
Key facts
- 1Revenue for the quarter was $655 million. prnewswire.com
- 2Net profit for the quarter was $198 million. prnewswire.com
- 3Free cash flow for the quarter was $155 million. prnewswire.com
- 4Gold production was 133,400 ounces. prnewswire.com
- 5All‑in sustaining cost was $1,874 per ounce, 13% lower than the prior quarter. prnewswire.com
- 6Cash balance at quarter end was $729 million, with no debt. prnewswire.com
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.