Canada's OceanaGold Q2 gold output rises on higher production at Haile
OGC•Guidance and cost outlook
OceanaGold maintained its 2026 full-year gold production guidance at 520,000-590,000 ounces.
The company expects consolidated all-in sustaining costs (AISC) to be near the upper end of its $1,750-$1,900 per ounce guidance range, and said it forecasts higher gold production and lower AISC in H2 2026.
The company said AISC rose due to labor cost inflation, continued investment in maintenance and reliability, unhedged energy costs and lower silver by-product credits.
Key figures and analyst view
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Miss | $647 mln | $767 mln (1 analyst) |
| Q2 Net Income | $222 mln | ||
| Q2 Operating Cash Flow | $314 mln |
The current average analyst rating on the shares is "buy", with 10 "strong buy" or "buy" ratings, 1 "hold" and no "sell" or "strong sell" ratings.
The average consensus recommendation for the gold peer group is "buy". Wall Street's median 12-month price target for OceanaGold Corp is , about above its August 4 closing price of .
