OceanaGold Corp Announces Share Consolidation Ahead of Proposed U.S. Listing
VANCOUVER, BC, June 19, 2025 — OceanaGold Corporation (TSX: OGC) (OTCQX: OCANF) (“OceanaGold” or the “Company”) has announced the consolidation of its common shares, effective Monday, June 23, 2025. This consolidation involves a ratio of three pre-consolidation common shares for one post-consolidation common share, a strategic move in preparation for a proposed dual listing on a major U.S. exchange.
The consolidation was approved by OceanaGold’s shareholders during the Annual General and Special Meeting held on June 4, 2025. The company is considering listing its shares on a major U.S. exchange, such as the New York Stock Exchange, in the first half of 2026. OceanaGold believes that a U.S. listing could attract a broader audience of potential investors, thereby increasing the marketability and trading liquidity of its shares.
OceanaGold, a gold mining and exploration company based in Melbourne, Australia, operates mining projects in New Zealand and the Philippines. The company is listed on the Toronto Stock Exchange and trades in Canadian dollars (CAD). As of June 17, 2025, OceanaGold’s close price was CAD 6.87, with a 52-week high of CAD 7.07 and a low of CAD 2.98. The company has a market capitalization of CAD 3.51 billion and a price-to-earnings ratio of 12.43.
The share consolidation is part of OceanaGold’s strategy to meet the listing requirements of U.S. exchanges. However, it is important to note that while the consolidation aims to enhance trading liquidity and expand the investor base, it may also lead to temporary trading volatility. Additionally, there is no guarantee that the company will successfully secure a listing on a U.S. exchange despite the consolidation efforts.
OceanaGold’s strategic initiatives reflect its commitment to growth and increased investor engagement, positioning the company for potential expansion in the U.S. market.