OceanaGold PHL Q1 net income falls 36% on lower gold sales
Business World Philippines
|May 09, 2025
LISTED OceanaGold Philippines, Inc. (OGP) saw its net income for the first three months drop by 36% to $7.4 million, as revenue decreased primarily due to lower gold sales.
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The company's revenue fell by 14% to $79.3 million from $92.1 million a year earlier.
"For the first quarter, the company sold 17,800 ounces (oz) of gold, with an average price received of $2,858 per ounce, compared to 31,800 ounces of gold, with an average price received of $2,136 per ounce for the prior corresponding quarter," the company said in its first-quarter (Q1) financial report released on Thursday.
यह कहानी Business World Philippines के May 09, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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