OceanaGold (TSE:OGC) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
OceanaGold reported a significant boost in gold production for the third quarter of 2024, with a 37% increase from the previous quarter and record output from its Haile site. The company achieved a net profit of $61 million and generated substantial free cash flow, which it used to strengthen its balance sheet and increase shareholder returns. OceanaGold anticipates a strong fourth quarter, aiming to further capitalize on high gold prices and continue its growth initiatives.
For further insights into TSE:OGC stock, check out TipRanks’ Stock Analysis page.
