{"id":328981,"date":"2024-08-14T16:45:03","date_gmt":"2024-08-14T08:45:03","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=328981"},"modified":"2024-08-14T17:43:12","modified_gmt":"2024-08-14T09:43:12","slug":"trade-the-news-ogp-expects-2024-production-at-lower-range","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-ogp-expects-2024-production-at-lower-range\/","title":{"rendered":"Trade the News: OGP expects 2024 production at lower range"},"content":{"rendered":"\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Potential Impact of this News<\/strong><\/td><td><strong>NEGATIVE on the stock price<\/strong><\/td><\/tr><tr><td><strong>Company<\/strong><\/td><td>OceanaGold Philippines<\/td><\/tr><tr><td><strong>Stock Code<\/strong><\/td><td>OGP<\/td><\/tr><tr><td><strong>Long-term Recommendation on the Stock<\/strong><\/td><td>Sell<\/td><\/tr><tr><td><strong>1-Year Target Price<\/strong><\/td><td>PHP 11.15<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>OceanaGold Philippines (OGP) said it remains optimistic about achieving its 2024 production and revenue goals despite a slower-than-expected performance in the second quarter.<\/p>\n\n\n\n<p>\u201cWe certainly expect Q3 and then Q4 to be stronger than Q2\u2026 Even with a slightly weaker second quarter, one of the real positives out of Didipio [is that] we were able to declare a dividend within the six-week period that we\u2019ve been listed\u2013a $15-million dividend in six weeks,\u201d said OceanGold Corp. chief operating officer for Asia-Pacific Peter Sharpe.<\/p>\n\n\n\n<p>Sharpe acknowledged the difficulties faced in the second quarter such as the unplanned downtime in the processing plant and a change in the underground mine sequence due to a geotechnical review impacted mine output in the second quarter.<\/p>\n\n\n\n<p>OGP expects its gold and copper ore production for the year to be at the lower end of its annual guidance, hitting most likely the lower end of its output guidance of 120,000 ounces of gold and about 14,000 metric tons of copper.<\/p>\n\n\n\n<p><em>(News excerpt from <a href=\"https:\/\/manilastandard.net\/business\/314483765\/oceanagold-bullish-on-2024revenue-target.html\">Manila Standard<\/a>)<\/em><\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p style=\"font-size:16px\"><em><em><em>This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about <a href=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/our-partner-brokers\/\">our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-328981","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=328981"}],"version-history":[{"count":2,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328981\/revisions"}],"predecessor-version":[{"id":328987,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328981\/revisions\/328987"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=328981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=328981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=328981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}