OceanaGold Announces Renewal of Share Buyback
OceanaGold (OTCQX: OCAND) has received TSX approval to renew its Normal Course Issuer Bid (NCIB), allowing the repurchase of up to 23 million common shares, representing 10% of the company's public float over the next 12 months.
Under the current NCIB, OceanaGold has already repurchased $65 million worth of shares (6.85 million shares at C$13.06 per share average), with $41 million of the board-approved $100 million completed for 2025. The remaining $59 million is planned for deployment in H2 2025 under the renewed NCIB.
The new NCIB program will run from July 24, 2025 to July 23, 2026, with a daily maximum purchase limit of 180,933 shares. The company has also established an Automatic Share Purchase Plan (ASPP) with a designated broker to facilitate purchases during blackout periods.
OceanaGold (OTCQX: OCAND) ha ottenuto l'approvazione dalla TSX per rinnovare il suo Normal Course Issuer Bid (NCIB), che consente il riacquisto di un massimo di 23 milioni di azioni ordinarie, pari al 10% del flottante pubblico della società nei prossimi 12 mesi.
Con l'attuale NCIB, OceanaGold ha già riacquistato azioni per un valore di 65 milioni di dollari (6,85 milioni di azioni a un prezzo medio di 13,06 dollari canadesi per azione), con 41 milioni di dollari dei 100 milioni approvati dal consiglio completati per il 2025. I restanti 59 milioni di dollari sono previsti per essere utilizzati nella seconda metà del 2025 nell'ambito del NCIB rinnovato.
Il nuovo programma NCIB avrà durata dal 24 luglio 2025 al 23 luglio 2026, con un limite massimo giornaliero di acquisto di 180.933 azioni. La società ha inoltre istituito un Piano Automatico di Acquisto Azionario (ASPP) con un broker designato per facilitare gli acquisti durante i periodi di blackout.
OceanaGold (OTCQX: OCAND) ha recibido la aprobación de la TSX para renovar su Normal Course Issuer Bid (NCIB), permitiendo la recompra de hasta 23 millones de acciones comunes, representando el 10% del flotante público de la compañía durante los próximos 12 meses.
Bajo el NCIB actual, OceanaGold ya ha recomprado acciones por un valor de 65 millones de dólares (6.85 millones de acciones a un precio promedio de 13.06 dólares canadienses por acción), con 41 millones de dólares de los 100 millones aprobados por la junta completados para 2025. Los restantes 59 millones de dólares están planeados para ser usados en la segunda mitad de 2025 bajo el NCIB renovado.
El nuevo programa NCIB se extenderá desde el 24 de julio de 2025 hasta el 23 de julio de 2026, con un límite máximo diario de compra de 180,933 acciones. La compañía también ha establecido un Plan Automático de Compra de Acciones (ASPP) con un corredor designado para facilitar las compras durante los periodos de blackout.
오세아나골드(OTCQX: OCAND)는 TSX로부터 정상 과정 발행자 매입 계획(NCIB) 갱신 승인을 받아 향후 12개월 동안 회사의 공개 주식수의 10%에 해당하는 2,300만 주까지 자사주를 재매입할 수 있게 되었습니다.
현재 NCIB 하에서 오세아나골드는 이미 6,500만 달러 상당의 주식(평균 주당 13.06 캐나다 달러에 685만 주)을 재매입했으며, 이 중 이사회 승인 1억 달러 중 4,100만 달러가 2025년에 완료되었습니다. 남은 5,900만 달러는 갱신된 NCIB 하에서 2025년 하반기에 사용될 예정입니다.
새 NCIB 프로그램은 2025년 7월 24일부터 2026년 7월 23일까지 진행되며, 일일 최대 매입 한도는 180,933주입니다. 회사는 또한 지정 중개인과 자동 주식 매입 계획(ASPP)을 설정하여 거래 정지 기간 동안 매입을 원활하게 할 예정입니다.
OceanaGold (OTCQX : OCAND) a obtenu l'approbation de la TSX pour renouveler son programme Normal Course Issuer Bid (NCIB), permettant le rachat de jusqu'à 23 millions d'actions ordinaires, représentant 10 % du flottant public de la société sur les 12 prochains mois.
Dans le cadre du NCIB actuel, OceanaGold a déjà racheté pour 65 millions de dollars d'actions (6,85 millions d'actions à un prix moyen de 13,06 dollars canadiens par action), avec 41 millions de dollars des 100 millions approuvés par le conseil d'administration réalisés pour 2025. Les 59 millions de dollars restants sont prévus pour être déployés au second semestre 2025 dans le cadre du NCIB renouvelé.
Le nouveau programme NCIB s'étendra du 24 juillet 2025 au 23 juillet 2026, avec une limite d'achat quotidienne maximale de 180 933 actions. La société a également mis en place un Plan d'Achat Automatique d'Actions (ASPP) avec un courtier désigné pour faciliter les achats pendant les périodes de blackout.
OceanaGold (OTCQX: OCAND) hat die Genehmigung der TSX erhalten, sein Normal Course Issuer Bid (NCIB) zu erneuern, wodurch der Rückkauf von bis zu 23 Millionen Stammaktien ermöglicht wird, was 10 % des öffentlichen Streubesitzes des Unternehmens in den nächsten 12 Monaten entspricht.
Im Rahmen des aktuellen NCIB hat OceanaGold bereits Aktien im Wert von 65 Millionen US-Dollar zurückgekauft (6,85 Millionen Aktien zu einem durchschnittlichen Preis von 13,06 kanadischen Dollar pro Aktie), wobei 41 Millionen US-Dollar der vom Vorstand genehmigten 100 Millionen US-Dollar für 2025 bereits abgeschlossen sind. Die verbleibenden 59 Millionen US-Dollar sollen in der zweiten Hälfte des Jahres 2025 im Rahmen des erneuerten NCIB eingesetzt werden.
Das neue NCIB-Programm läuft vom 24. Juli 2025 bis zum 23. Juli 2026 und sieht ein tägliches Höchstlimit von 180.933 Aktien vor. Das Unternehmen hat außerdem einen automatischen Aktienkaufplan (ASPP) mit einem beauftragten Broker eingerichtet, um Käufe während der Blackout-Perioden zu erleichtern.
- Strong financial position with robust Free Cash Flow generation
- Already completed $65 million in share buybacks at C$13.06 per share average
- Increased share repurchase limit provides more flexibility for buybacks through 2026
- Implementation of ASPP allows for continued share repurchases during blackout periods
- Large capital allocation to buybacks may reduce funds available for growth investments
The Company believes that the market price of the Common Shares may not, from time to time, fully reflect their value and accordingly the repurchase of its Common Shares would be in the best interest of its shareholders.
Over the prior 12 months under the current NCIB, OceanaGold has repurchased
Gerard Bond, President and Chief Executive Officer of OceanaGold, said "OceanaGold is operating from a position of financial strength, with robust Free Cash Flow generation and a strong balance sheet. In alignment with our disciplined capital allocation framework, we are pleased to announce a renewed NCIB program with an increased repurchase limit. This increased limit allows the Company to continue utilizing the share buyback program to return value to our shareholders while continuing to invest in our growth and exploration projects across the business."
In connection with the NCIB, the Company has entered into an Automatic Share Purchase Plan ("ASPP") with a designated broker to allow for the repurchase of Common Shares at times when the Company ordinarily would not be active in the market due to its own internal trading blackout periods.
The Company has received approval from the TSX, during the 12-month period commencing on July 24, 2025 and ending on or before July 23, 2026, to purchase up to approximately 23 million Common Shares through the facilities of the TSX and alternative Canadian trading systems. Under the terms of the NCIB, the Company may purchase up to a daily maximum of 180,933 Common Shares (being
The ASPP will terminate on the earliest of the date on which the: (i) purchase limit under the NCIB has been reached; (ii) NCIB expires; and (iii) ASPP otherwise terminates in accordance with its terms. The ASPP constitutes an "automatic plan" for purposes of applicable Canadian securities legislation and the agreement governing the plan has been pre-cleared by the TSX.
The actual number of Common Shares that may be purchased and the timing of such purchases will be determined by the Company in accordance with applicable laws and the ASPP. Decisions regarding purchases will be based on market conditions, share price, best use of available cash, and other factors. Any Common Shares that are purchased under the NCIB will be cancelled.
About OceanaGold
OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in
Cautionary Statement for Public Release
This press release contains certain "forward-looking statements" and "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities laws, which may include, but is not limited to, statements with respect to the amount of and timing for anticipated purchases under the NCIB and the ASPP. All statements other than statements of historical facts included in this press release constitute forward-looking statements. Forward-looking statements and information relate to future performance and reflect the Company's expectations regarding the generation of Free Cash Flow, execution of business strategy, future growth, future production, estimated costs, results of operations, business prospects and opportunities of OceanaGold and its related subsidiaries. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those expressed in the forward-looking statements. They include, among others, those risk factors identified in the Company's most recent Annual Information Form prepared and filed with securities regulators which is available on SEDAR+ at www.sedarplus.com under the Company's name and on the Company's website. There are no assurances the Company can fulfil forward-looking statements. Such forward-looking statements are only predictions based on current information available to management as of the date that such predictions are made; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Company's control. Although the Company believes that any forward-looking statements contained in this press release is based on reasonable assumptions, readers cannot be assured that actual outcomes or results will be consistent with such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements and information, whether as a result of new information, events or otherwise, except as required by applicable securities laws.
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SOURCE OceanaGold Corporation
FAQ
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