OceanaGold’s gov’t payout surges P2.14B
The payment was formally turned over to the Department of Environment and Natural Resources this week, bringing the company’s total Additional Government Share remittances since 2023 to P3.74 billion as the rebound translated into higher fiscal returns under its Financial or Technical Assistance Agreement.
Canada-listed OceanaGold Corporation is a multinational mid-tier gold and copper producer with significant operations in the Philippines, New Zealand, and the United States. Founded in 1989, it operates four main mines — including the Didipio Mine in Nueva Vizcaya, Cagayan Valley, in the Philippines.
Photograph courtesy of Philippine Resource Journal