OceanaGold Initiates Share Buyback to Boost Shareholder Value

OceanaGold (TSE:OGC) has released an update.

OceanaGold Corporation has launched a share buyback program, approved by the Toronto Stock Exchange, to repurchase up to 35.5 million shares, or about 5% of its outstanding shares over the next year. The move follows the company’s strengthened balance sheet from recent asset sales and is aimed at increasing returns to shareholders amidst expectations of strong future cash flows and sustained metal prices.

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