Gov’t share from OceanaGold reached P2.1B in ’25

OceanaGold Philippines Inc. (OGP) said its contribution to government coffers has ballooned over the last few years thanks to robust market conditions.

In a statement on Friday, the listed mining company said its remittances have reached P3.74 billion in “additional government share” or AGS since 2023.

OGP’s government revenue share in 2025 alone soared by 358.68 percent to P2.14 billion. This was pegged at P466.86 million in 2024.

“The increase in our additional government share reflects how strong operational performance translates into greater value for the government and the Filipino people,” said Joan Adaci-Cattiling, OGP president and general manager for social performance and external affairs.

“As our operations perform well, so does our contribution to the government’s fiscal space to support national priorities,” she added.

The AGS remittance is on top of other taxes and fees that OGP paid last year. These include P1.78 billion in production taxes, P2.81 billion in income tax and P506.9 million in local business taxes.

See Also

Singaporean firm eyes 250-MW Bataan solar park

Furthermore, the company invested P4.43 billion in livelihood, agriculture, education, health and infrastructure through its corporate social responsibility initiatives. These include a Social Development and Management Program, Community Development Fund, Provincial Development Fund and Community Development Program.

This demonstrates that “safe and responsible mineral resource development can deliver greater fiscal resources for the government to help turn policy into tangible benefits for Filipino households and support national priorities,” the firm said.