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http://www.oceanagold.com/wp-content/uploads/2018/02/OceanaGold-Q4-2017-Results-News-Release.pdf
OceanaGold Announces Record Net Profit and Revenue; Declares Dividend
/NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES./
(All financial figures in US Dollars unless otherwise stated)
MELBOURNE, Feb. 22, 2018 /CNW/ - OceanaGold Corporation (TSX/ASX: OGC) (the "Company") is pleased to release its full year 2017 financial and operational results for the year ended 31 December 2017. This follows the Company's release of its operational results on 18 January 2018. Details of the consolidated financial statements and the Management Discussion and Analysis ("MD&A") are available on the Company's website at www.oceanagold.com
image: https://ci5.googleusercontent.com/proxy/ZstZ8MpEYQOfI12DgiNRGiLVNJDMGxn58Lo9nes9HXuhkWHGtpd3sHcCLkIsCVfZtpz659ppR1ewU1dwzLGFrPqstY1qy2dVfunodIb4C2Inb-Ry2QSfsHI9_Yw6pNWTFp1DwCP-jTT-bOYSvzMnU3f-7a-mF1I5o4KdQ50HTHo6qw=s0-d-e1-ft#https://mma.prnewswire.com/media/644877/OceanaGold_Corporation_OceanaGold_announces_record_net_profit_an.jpg
Key Highlights
Record full year net profit of $172 million including a record quarterly net profit of $89 million.Record full year revenue of $724 million including a record quarterly revenue of $246 million.EBITDA of $408 million for the full year including $149 million in the fourth quarter.Net debt reduced by $88 million in the fourth quarter with debt repayments amounting to $78 million.Total liquidity increased to $103 million including an increase in the cash balance from $61 million to $73 million.Second semi-annual dividend for 2017 of $0.01 per share paid in the fourth quarter.Subsequent to year-end, declared the first semi-annual dividend for 2018 of $0.01 per share payable in April 2018.Continued successful exploration results achieved at Waihi.
Mick Wilkes, President and CEO said, "I'm pleased to report another strong year of financial results with a record net profit and revenue that were underpinned by a record year for production at sector leading margins. The fourth quarter delivered significant results for the Company including Haile which contributed strongly on the back of a solid operational performance where the process plant achieved throughput rates higher than nameplate and recoveries averaging 83%." He added, "On the back of the significant cash flow generation from our suite of high-quality assets, the Company continued to strengthen its balance sheet. In the fourth quarter alone, we increased our cash balance from $61 million to $73 million while reducing our revolving credit facility from $273 million to $200 million."
"In 2017, OceanaGold delivered sector leading EBITDA margin of 56% while achieving a return on investment capital of 10% which marked the eighth straight year of positive returns; one of only two gold companies to do so."
"We are well positioned to continue to deliver strong margins and returns to shareholders in 2018. The solid cash flow generation expected from the business provides us with financial flexibility and allows us to continue reducing debt, returning wealth to shareholders in the form of dividends and reinvest in the business' organic growth opportunities including the Haile expansion and Waihi mine life extension. We have a robust business that has been deliberately set up to deliver long-term value in almost any gold commodity price environment."
definitely a strong player. a good write up.
oceanagold is in a good position to built on its momentum
they have held a steady trend to achieve their guidance
There aren’t many companies in the mining sector these days that can pay off large chunks of debt from operating cash flow and embark on sizable acquisitions at the same time. ButOceanaGold (TSX: OGC) is one of them.
https://www.google.com/amp/www.northernminer.com/financial-matters/oceanagold-firing-on-all-cylinders/1003659025/amp/
I'll check it out thanks
I am not familiar Mirasol I missed that, don't think I remember
Oceana putting out the news.
Are you familiar with this stock board, much more activity
on the Canadian side OGC OCANF
https://www.stockhouse.com/companies/bullboard?symbol=t.ogc
I can't seem to find out whether or not a decision was made on this JV yet? The deadline per the article was 3/31.
https://www.google.com/amp/www.marketwatch.com/amp/story/guid/68d7781f-ee1e-41bf-83f7-f3ed8eeb0122
http://www.mirasolresources.com/s/NewsReleases.asp?ReportID=778893
It's pulled back a bit from this morning but my guess is a potential 1st quarter earnings leak?
http://www.oceanagold.com/investor-centre/news-releases/
$OCANF..pps @3.51 +0.21 (+6.36%) Found nothing. Why? must be a reason
for this increase.
GDX
24.685 +0.115 (+0.47%)
GDXJ
37.11 -0.93 (-2.44%)
GDL
122.25 +0.23 (+0.19%)
OceanaGold Corporation
http://www.oceanagold.com
Haile is ahead of schedule.
https://www.odt.co.nz/business/oceana-gold-mine-picks-pace
Thank you for posting the article.
OCANF looking to increase its presence in the US
http://www.bworldonline.com/content.php?section=Corporate&title=amid-philippine-mining-crackdown-oceanagold-shifts-to-trump&8217s-us&id=142339
I expect a double this year.
It is, Good news out today.. RECORD REVENUE AND NET PROFIT FOR 2016; DECLARES DIVIDEND $OCANF
http://www.oceanagold.com/wp-content/uploads/2017/02/170223-OceanaGold-Q4-2016-Results-News-Release.pdf
http://www.oceanagold.com/
$OCANF Todays News.. “Our Didipio Mine is a partnership with the Government of the Philippines through the Office of the President and has a strong social license to operate. We are a large employer of Filipino nationals, and our Operation delivers significant benefits to the local communities. As proof of this, Didipio was announced as the joint winner of the Presidential Mineral Industry Environmental Award in recognition of our exemplary performance in safe and environmentally responsible mining” added Mr. Wilkes.
http://www.oceanagold.com/wp-content/uploads/2017/02/020217OceanaGold-Provides-Comments-on-Recent-Philippines-Government-Press-Conference.pdf
Nov 16,2016
OCEANAGOLD DIDIPIO OPERATION NAMED MOST ENVIRONMENTALLY AND SOCIALLY RESPONSIBLE MINING OPERATION IN THE PHILIPPINES, AGAIN
(MELBOURNE) OceanaGold Corporation (TSX/ASX/NZX: OGC) (the “Company”) is pleased to announce that for a second consecutive year, its Didipio Mine has been awarded the Presidential Mineral Industry Environmental Award recognising its exemplary efforts in responsible mining.
Each year, the President of the Philippines, on recommendation by a selection committee co-chaired by the Secretary of the Department of Environment and Natural Resources (“DENR”), recognises mining operations that perform to the highest standards of safety, environmental and social management.
During the Philippine Mine Safety and Environment Association’s 63rd Annual National Mine Safety and Environment Association Ceremony held on November 18, 2016 in Baguio City, Luzon, the Didipio operation was also presented with additional awards in categories recognising excellence in Minerals Processing, Safety and Agroforestry...More
http://www.oceanagold.com/wp-content/uploads/2016/11/161121-OceanaGold-PMIEA-Awards-News-Release.pdf
So it's only my opinion there's always bad eggs but OceanaGold
is not one of them.
Do your own DD here, always a risk. As for me I see a buying opp.
$OCANF 3.35..full year and fourth quarter 2016 production report for the year ended 31 December 2016,
OceanaGold Corporation (OCG) (OCANF)
Key Highlights
Achieved 2016 consolidated production guidance range with 416,741 ounces of gold and 21,123 tonnes of copper.
Recorded consolidated All-In Sustaining Costs (“AISC”) of $708 per ounce sold and cash costs* of $452 per ounce sold.
Recorded 2016 consolidated gold sales of 437,146 ounces and copper sales of 21,413 tonnes.
Commenced milling at Haile in December 2016 and achieved first gold pour in January 2017.
Announced increased 2017 exploration budget reflecting strong organic growth potential of the business.
Announced 2017 production and cost guidance of 550,000 to 610,000 ounces of gold at a sector leading AISC of $600 to $650 per ounce sold.
2017 Outlook
In December 2016, OceanaGold announced its 2017 production and cost guidance that reflected significantly higher gold production at lower costs compared to 2016. The production increase year-on-year is primarily driven by the inclusion of the high margin ounces from the Haile Gold Mine as it moves into commercial production in early 2017 and increased production from Macraes where the Coronation North deposit represents higher grades than traditionally mined in the Macraes Goldfield.
More
http://oceanagold.cmail20.com/t/ViewEmail/r/F1D2CD0B204575D32540EF23F30FEDED/17E548F25CDCCBDA8BD4C707EBCCB890
http://www.oceanagold.com/
$OCANF 2.96 21 November 2016 OceanaGold Didipio Operation Wins PMIEA Awards
http://www.oceanagold.com/wp-content/uploads/2016/11/161121-OceanaGold-PMIEA-Awards-News-Release.pdf
OCEANAGOLD PROVIDES UPDATE ON ITS PHILIPPINES OPERATIONS
$OCANF pps $3.08
18 October 2016
http://www.oceanagold.com/wp-content/uploads/2016/10/161018-OceanaGold-DENR-Audit-Findings.pdf
More press...http://www.oceanagold.com/investor-centre/news-releases/
$OCANF 2.73..OceanaGold Corporation, S.C. HAILE MINE to come on line end of 2016 - 1st of 2017 #gold
In 2015, OceanaGold acquired all outstanding common shares of Romarco Minerals Inc. and with it the top-tier Haile Gold Mine located in South Carolina. The Haile Gold Mine is currently in construction and is expected to achieve commercial production in 2017. OceanaGold will leverage its mine development and technical expertise to deliver the Haile Gold Mine in a safe and sustainable manner by working closely with its valued stakeholders in the communities surrounding the Haile Gold Mine, the state of South Carolina and all levels of government.
http://www.oceanagold.com/our-business/united-states/
Construction Updates @HAILE
http://www.oceanagold.com/our-business/united-states/haile-construction-update/
Investors
http://www.oceanagold.com/investor-centre/
Haile Gold Mine
http://hailegoldmine.com/
$OCANF recent news/filings
bullish 1.90
## source: finance.yahoo.com
Mon, 23 Nov 2015 13:38:14 GMT ~ OceanaGold Corp. breached its 50 day moving average in a Bearish Manner : November 23, 2015
read full: http://www.capitalcube.com/blog/index.php/oceanagold-corp-breached-its-50-day-moving-average-in-a-bearish-manner-november-23-2015-2/
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Thu, 27 Aug 2015 18:33:26 GMT ~ OceanaGold Corp. : Undervalued relative to peers, but don’t ignore the other factors
read full: http://www.capitalcube.com/blog/index.php/oceanagold-corp-undervalued-relative-to-peers-but-dont-ignore-the-other-factors/
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Mon, 17 Aug 2015 12:58:18 GMT ~ OceanaGold Corp. Earnings Q2*, 2015
read full: http://www.capitalcube.com/blog/index.php/oceanagold-corp-earnings-q2-2015-2/
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Thu, 30 Jul 2015 17:52:42 GMT ~ OceanaGold to Buy Romarco for $660 Million for U.S. Mine
[at Bloomberg] - OceanaGold Corp. agreed to buy Romarco Minerals Inc. in a deal worth C$856 million ($660 million) to gain control of its bullion project in South Carolina. OceanaGold will pay 0.241 of its shares for every one in Romarco, the Melbourne-based company said in a statement on Thursday. A decline in the price of gold, which last week fell to the lowest since February 2010, is spurring deals after valuations tumbled.
read full: http://www.bloomberg.com/news/articles/2015-07-30/oceanagold-to-buy-romarco-for-660-million-for-u-s-gold-mine?cmpid=yhoo
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Thu, 30 Jul 2015 15:30:24 GMT ~ OceanaGold to acquire Romarco for its U.S.-based gold project
[Reuters] - Australian-Canadian miner OceanaGold Corp has agreed to buy Romarco Minerals Inc for around C$856 million ($657.20 million), getting its hands on a low-cost gold mine that is being built in a low-risk jurisdiction. OceanaGold shareholders will end up with 51 percent of the enlarged company, and Toronto-listed Romarco the rest. OceanaGold brings to the deal free cash flow from its existing operations and access to lower-cost financing that will help to fund construction of the Haile mine at a time when mine financing is expensive due to weak metals prices.
read full: http://finance.yahoo.com/news/oceanagold-acquire-romarco-u-based-153024593.html
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$OCANF charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$OCANF company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/OCANF/company-info
Ticker: $OCANF
OTC Market Place: OTC Pink Current
CIK code: 0001487326
Company name: Oceanagold Corp.
Company website: http://www.oceanagold.com
Incorporated In: Australia
$OCANF share structure
## source: otcmarkets.com
Market Value: $557,650,000 a/o Dec 04, 2015
Shares Outstanding: 293,500,000 a/o Feb 20, 2013
Float: 293,500,000 a/o Feb 20, 2013
Authorized Shares: Not Available
Par Value: No Par Value
$OCANF extra dd links
Company name: Oceanagold Corp.
Company website: http://www.oceanagold.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/OCANF/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/OCANF/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=OCANF+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=OCANF+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=OCANF+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/OCANF/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/OCANF/news - http://finance.yahoo.com/q/h?s=OCANF+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/OCANF/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/OCANF/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/OCANF/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/OCANF/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/OCANF/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/OCANF/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/OCANF/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/OCANF/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=OCANF+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/OCANF
DTCC (dtcc.com): http://search2.dtcc.com/?q=Oceanagold+Corp.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Oceanagold+Corp.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Oceanagold+Corp.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.oceanagold.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.oceanagold.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.oceanagold.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/OCANF/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/OCANF
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/OCANF/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/OCANF/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/OCANF/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001487326&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/OCANF/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/OCANF/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/OCANF/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/OCANF/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=OCANF&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=OCANF
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/OCANF/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=OCANF+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=OCANF+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=OCANF
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=OCANF
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=OCANF+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/OCANF/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=OCANF+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/OCANF.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=OCANF
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/OCANF/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/OCANF/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/OCANF/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/OCANF/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/OCANF
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/OCANF
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/OCANF:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=OCANF
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=OCANF
$OCANF DD Notes ~ http://www.ddnotesmaker.com/OCANF
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