OceanaGold (Philippines) Inc. (OGP) has contributed approximately P28 billion to the Philippine government since 2012 through taxes, remittances and community development funding, highlighting the economic impact of its Didipio Mine project in Nueva Vizcaya and Quirino.
“From 2012 to 2024, we have been able to successfully mine and convert to reserves approximately 2.6 million ounces of gold and 343,000 metric tons of copper, which represents an increase of 55 percent and 50 percent respectively on Didipio Mine’s reserves when it commenced operations in 2012,” OGC president and chief executive Gerard Bond said during a stakeholder dinner June 3 in Manila.
From an initial base of 1.68 million ounces of gold and 229,000 metric tons of copper, the mine retains around 1.23 million ounces of gold and 150,000 metric tons of copper as of the end of 2024.
With strong exploration potential, particularly for gold, OGP is investing P280 million this year for further drilling within its 7,000-hectare financial or technical assistance agreement (FTAA) area.
The exploration covers 8,000 meters of surface drilling in zones such as True Blue, Napartan and D’Fox, along with continued underground exploration by the fourth quarter of 2025.
The company also reiterated its commitment to social investment, with its community development initiatives benefiting 11 host barangays and 160 additional barangays in the region.
Plans are underway to extend the program to 236 more barangays over the mine’s lifespan.
“It’s incredible that the Didipio Mine, occupying just 0.04 percent of the land area of Nueva Vizcaya and Quirino, can have such a wide impact on over 700,000 residents,” said OGP president and general nanager for external affairs and social performance Joan Adaci-Cattiling.
