OceanaGold

OceanaGold has announced an agreement to acquire all Ausgold shares via a scheme of arrangement; the deal has an equity value of about 776m AUD. Ausgold shareholders will receive 0.03365 OceanaGold ordinary shares per Ausgold share (worth 1.36 AUD) or, alternatively, a cash consideration capped at a total of 194m AUD; the offer represents a 28% premium to the last closing price. The takeover secures the Katanning gold project in Western Australia for OceanaGold, with planned production starting in 2029; completion, subject to shareholder and regulatory approvals, is expected in December 2026. » More on de.investing.com

OceanaGold reported Q2 earnings per share of $0.99 and revenue of $647 million; the adjusted EBITDA margin reached a record 61%. Free-cash-flow yield for the last twelve months was 12% and InvestingPro rates the company as significantly undervalued (P/E 7.98). Management says it is on track for the full-year guidance but expects costs at the upper end of the range. Despite the strong figures, the stock fell about 2.2% in trading. » More on de.investing.com

OceanaGold reports a record 2025 EBITDA of about USD 1 billion and free cash flow of USD 543 million, with a debt-free balance sheet and cash and equivalents of USD 477 million (+42%). The company plans to triple the quarterly dividend, increase the share buyback program to USD 432 million, and raise growth capital for exploration to USD 340 million. For 2026 it expects a 12% increase in gold production and a 7% reduction in all-in sustaining costs, while operational risks such as cost inflation and mine life remain. » More on de.investing.com