Mergers & Acquisitions ·
OceanaGold reports $204M Q3 net profit and announces acquisition of Ausgold for $204M
OCANFOceanaGold Corp
OceanaGold reported a third-quarter net profit of $198.1 million, or $0.88 per diluted share, driven by an 82% increase in gold production at its Haile mine and higher realized gold prices averaging $4,249 per ounce. Revenue reached $654.9 million as the company produced 133,400 ounces of gold and 3,400 tonnes of copper. The firm also announced it has agreed to acquire Ausgold Limited, owner of the Katanning Gold Project in Western Australia, for approximately $204 million in cash and stock, with closing expected in December 2026. OceanaGold explores, develops, and operates gold and gold/copper mines across the United States, New Zealand, and the Philippines.