OceanaGold Philippines starts public offer

by The Manila Times

Apr 30, 2024 12:24 am

OCEANAGOLD (Philippines) Inc., operator of the Didipio gold-copper mine in Northern Luzon, launched its initial public offering (IPO) on Monday — the first maiden offering by a mining company in a decade and also the first in the local market for 2024.

The Securities and Exchange Commission last Friday granted OceanaGold Philippines a permit to sell up to 456 million secondary common shares, equivalent to a 20-percent ownership interest in the company, whose parent firm is Toronto-listed OceanaGold Corp.

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