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RBC Precious Metals Price Target Changes Brief: B2Gold To US$5.75 From $6.50; Centerra To C$30 From $31; DPM To C$58 From $63; Eldorado To US$39 From $50
RBC Precious Metals Price Target Changes Brief: Artemis To C$60 From $62; K92 To C$44 From $46; OceanaGold To C$72 From $78; Alamos To US$52 From $63
RBC Precious Metals Price Target Changes Brief: Bank Says Revised Estimates Reflect Updated Commodity Price Assumptions
RBC Capital Markets reiterated OceanaGold's (OGC.TO) outperform rating and C$78 price target, according to a Wednesday note.RBC's recent visit to OceanaGold's Haile gold mine in South Carolina reinforced its outlook on the asset as the cornerstone of the miner's near-term growth and free cash flow generation.The visit highlighted meaningful improvements in the mine's operational execution and progress in its underground transition, RBC said.The shift is expected to stabilize Haile's production profile of 210,000 ounces per year through 2031.Ongoing exploration success can backfill the reserve-based step-down and maintain 200,000 ounces per year of production through continued conversion and extension drilling, RBC said."We believe OceanaGold offers attractive leverage to gold through a diversified production base, with Haile as the cornerstone asset, translating elevated prices into outsized free cash flow and share buybacks," RBC said.OceanaGold traded at $41.14 per share at last look Wednesday on the Toronto Stock Exchange.Price: $41.06, Change: $+0.29, Percent Change: +0.71%
OceanaGold (OGC.TO) continued to drill high-grade gold from the Haile gold mine in the U.S., the company said Tuesday.Drill highlights include 15.5 meters at 30.64 grams per tonne (g/t) gold from the Horseshoe Underground area, 27.9 m at 8.60 g/t gold from the Ledbetter Underground area, and 14.5 m at 15.81 g/t gold from the Clydesdale area.Recent drilling points at Horseshoe indicate reserve growth potential near existing infrastructure, while results from Ledbetter strengthened confidence in down-plunge resource conversion. A new significant high-grade intercept at Clydesdale confirms its potential as an emerging target area, OceanaGold said."Our ongoing exploration success at Haile continues to demonstrate our ability to add tremendous value through the drill bit," President and Chief Executive Officer Gerard Bond said.OceanaGold plans to complete about 34,500 m of drilling at Haile for 2026 from both surface and underground.
OceanaGold Target Raised To C$76 From $72, Keeps Outperform at National Bank As Haile Seen "Stepping Up" in Q2
OR Royalties (OR.TO) has sold its entire remaining non-core equity position in Osisko Metals (OM.TO), generating US$34.8 million in proceeds, Osisko Gold Royalties said Thursday.Osisko Gold Royalties also provided an update on its portfolio. The expanded and accelerated mine plan at Alamos Gold's (AGI.TO) Island Gold District in Canada is expected to transition a greater proportion of production from OR Royalties' current 1.38% net smelter return royalty (NSR) coverage to OR Royalties' 2.0% and 3.0% NSR royalty boundaries.Benz Mining (BZ.V) is conducting a 250,000 meter drill program at the Glenburgh gold project in Western Australia. OR Royalties holds a 1.08% gross revenue royalty on Glenburgh.Talisker Reosurces (TSK.TO) closed a C$52.1 million bought-deal financing in March as it expanded a 2026 diamond drill program at the Bralorne mine in British Columbia to 105,000 meters from 30,000 m. OR Royalties holds a 1.7% NSR royalty on Bralorne.PMET Resources (PMET.TO) has submitted an environmental and social impact assessment for the Shaakichiuwaanaan project in Quebec. OR Royalties's interests in the project includes a sliding-scale 1.5-3.5% NSR royalty on precious metals and 2.0% on lithium and other products.OceanaGold (OGC.TO) reported high-grade drill results from the Wharekirauponga project in New Zealand, including 14.9 meters at 16.3 grams per tonne gold. OR Royalties owns a 2.0% NSR royalty on the project.