Australian (ASX) Stock Market Forum

OGC - Oceana Gold

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Nice move up today with OGC trading @ $2.66 +5.98%
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Reckon 1 year "cup & handle" on chart beginning to play out imo

asx.swingtradebot.com

OGC Share Technical Analysis | OceanaGold Corporation

Current Technical Analysis and interactive chart for $OGC stock / shares. See the current trading strategy, trend(s), rating and buy and sell signals.
asx.swingtradebot.com asx.swingtradebot.com

Cheers tela :)
 
finicky said:
Well called - as LT style, I remain scared off by the Philippines el presidente and lack lustre N.Z mines.
Click to expand...
OGC signed off recently on a 25yr agreement with the Philippines Govt. so hopefully should abate any "potential concerns" in relation to what you mentioned imo

Their NZ performance expected to improve during remainder of 2021/22 post covid if no further lockdowns occur imo
 
OGC has had a nice run, not dissimilar to about 80% of the gold sector the past 2 months. Could have thrown a dart at the gold sector really. Since breaking up from the downward/sideways trend this has been very good. Looks like gold's coming off a little this arvo with some profit taking. Nice work @Telamelo

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Lovely bullish "hammer candlestick" made yesterday.. glad I topped up OGC on the cheap

asx.swingtradebot.com

OGC Share Technical Analysis | OceanaGold Corporation

Current Technical Analysis and interactive chart for $OGC stock / shares. See the current trading strategy, trend(s), rating and buy and sell signals.
asx.swingtradebot.com asx.swingtradebot.com

P.S. US markets/equities "rolling over" it seems and AUD Gold benefiting @ $2,508 +0.93% :)
 
This is my 4th pick for the 2022 competition. Has generally followed the gold price however a bigger jump up in November. Gold sentiment has dropped off a bit of late even against it holding the AU 2500 level. In my view there is a good chance that gold may rise a fair bit this year due to overall markets concern. In particular debt. However we will see in what could be an interesting year.

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• Full year revenue of $744.7 million with adjusted Earnings before Interest, Depreciation and Amortisation (“EBITDA”) of $351.8 million and adjusted net profit of $141.0 million or $0.20 per share
• Fourth quarter revenue of $208.5 million with adjusted EBITDA of $92.6 million and adjusted net profit of $29.3 million or $0.04 per share.
• Total immediately available liquidity of $163 million, including $133 million in cash and $30 million in available undrawn credit facilities as of December 31, 2021.
• Three-year guidance demonstrates a 15% compounded annual production growth rate from 2021 levels at increasing free cash flow margins.
• Consolidated 2022 gold production guidance of 445,000 to 495,000 ounces and 11,000 to 13,000 tonnes of copper.
• Consolidated 2022 AISC guidance of $1,275 to $1,375 per ounce sold including cash costs between $675 to $775 per ounce sold, both on a by-product basis.
• Multi-year consolidated gold production of:• 490,000 to 530,000 ounces plus 12,000 to 14,000 tonnes of copper at an AISC of $1,150 to $1,300 per ounce sold in 2023; and • 580,000 to 620,000 ounces plus 12,000 to 14,000 tonnes of copper at an AISC of $1,000 to $1,150 per ounce sold in 2024.

Scott Sullivan, acting CEO of OceanaGold said, “This release brings to close a successful year of operational and financial performance for the Company on the back of record production from Haile and the re-start of the Didipio operation. Following a challenging year in 2020, financial performance rebounded in 2021 with revenues increasing almost 50% and EBITDA increasing almost 155%. Importantly, the fourth quarter saw the Company report positive free cash flow, the first in over two years.”

“Additionally, we completed the Financial or Technical Assistance Agreement renewal with the Government of Philippines, paving the way for the restart of operations at Didipio. The subsequent ramp-up of operations has progressed ahead of our expectations and we completed the transport and sale of copper and gold inventory on-hand before the end of the year. The return of Didipio compliments the suite of gold producing assets in New Zealand where we are advancing significant growth projects, Wharekirauponga (‘WKP‘) in particular and the Haile Gold Mine where we seek to commence construction of the underground upon securing the necessary permits.

”“With the release of our 2022 guidance and multi-year outlook, we have set the stage to generate significantly more free cash flow each year on higher consolidated production. We remain focused on driving costs lower while allocating capital prudently to drive stronger risk-adjusted returns.
 
OGC back in business as their positive turnaround has definitely commenced!

Next couple of year's should see tremendous improvement in overall positive cash flow margins & net profit!

With Gold & Copper entering a commodities super cycle boom this will further enhance OGC performance results/net profit going forward.
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DYOR .. Cheers tela :)
 

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