OCEANAGOLD (Philippines), Inc. has filed updated technical reports for its Didipio gold-copper mine, outlining revised mine plans to extend operations and support long-term cash generation.
In a disclosure on Monday, the company said the reports were prepared in accordance with the Philippine Mineral Reporting Code 2020 Edition and its implementing rules.
These cover exploration results and mineral resource estimates, economic assessment and mineral reserves estimation, as well as metallurgical engineering studies, with a cut-off date of Dec. 31, 2025.
The updated mine plans indicate an extension of the Didipio mine’s life to 2037, based solely on the company’s 2025 mineral reserves, calculated at a gold price of $2,200 per ounce.
OceanaGold Philippines said the plans excluded inferred mineral resources and potential exploration upside, which could provide further opportunities to extend the mine’s lifespan.
The mineral reserves and resources cited in the reports were previously disclosed in the company’s full-year 2025 operating and financial results released last Feb. 19, 2026, where it also declared dividends.
The company added that its production and financial guidance for 2026 remains unchanged.
OceanaGold operates the Didipio gold-copper mine in Luzon under a financial or technical assistance agreement with the government. The miner said it remained focused on maximizing free cash flow while maintaining safe and responsible operations.
The company’s shares slipped P3.00, or 8.82 percent, to close at P31.00 each on Monday.
