OceanaGold (TSE:OGC) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
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.
