OceanaGold allocates P569M in community funds

OCEANAGOLD (Philippines), Inc. (OGP) said it is increasing its social investments to a combined total of P569 million in 2026, following strong operational and financial performance in 2025.

In a statement on Sunday, the listed miner said it has allocated P250.24 million to its Community Development Fund (CDF), P125.12 million to its Provincial Development Fund (PDF), and P195.75 million to its Social Development and Management Program (SDMP).

According to OGP, the CDF and PDF allocations represent a 29% year-on-year increase from P194 million and P97 million, respectively, in 2025. The SDMP allocation is also higher than last year’s expenditure of P190.98 million.

OGP said the funds will support projects across Nueva Vizcaya and Quirino provinces, including agricultural infrastructure, water distribution facilities, health and child development center upgrades, multi-purpose building rehabilitation, livelihood programs, and scholarship initiatives.

“With over 400 barangays benefiting from the SDMP, CDF, and PDF programs, we ensure that responsible mining promotes shared development through expanded support for [such] initiatives,” OGP President Joan Adaci-Cattiling said in the statement. — Vonn Andrei E. Villamiel