OceanaGold Corporation (TSE:OGC) has released an update.
OceanaGold Corporation is set to enhance its financial stability by launching an initial public offering (IPO) for its subsidiary, OceanaGold Philippines, Inc., with plans to use the proceeds to reduce its $135M debt. The IPO, which is expected to finalize in May 2024, follows the successful production performance of the Didipio mine, hitting targets with over 26,000 ounces of gold and 3,000 tonnes of copper produced in Q1 2024. This positions Didipio to meet its annual guidance, projecting significant gold and copper outputs at competitive costs.
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