Home Blog Page 243

OceanaGold Reports Second Quarter 2026 Results

(All financial figures in United States dollars unless otherwise stated)

  • Produced 138,800 ounces of gold, on track to deliver on full year guidance.
  • Strong Free Cash Flow† of $130 million, with cash of $655 million and no debt at quarter end.
  • Advanced growth projects and returned $78 million to shareholders via buybacks and dividends.

VANCOUVER, BC, Aug. 6, 2026 /PRNewswire/ — OceanaGold Corporation (TSX: OGC) (NYSE: OGC) (“OceanaGold” or the “Company”) reported its operational and financial results for the three and six months ended June 30, 2026. The consolidated financial statements and Management’s Discussion and Analysis (“MD&A”) are available at www.oceanagold.com.

Second Quarter Highlights

  • On track to achieve full year production, cost and capital guidance, with production expected to increase and costs to decrease in the second half of 2026.
  • Safely and responsibly produced 138,800 ounces of gold and 2,700 tonnes of copper, an increase in gold production of 7% from the prior quarter.
  • All-In Sustaining Cost (“AISC”)† of $2,151 per ounce in the quarter, expected to decrease in the second half of 2026 with higher gold production and lower sustaining capital.
  • Revenue of $647 million at an average realized gold price of $4,433 per ounce, reflecting gold sales weighted towards the end of the quarter as gold production increased at Haile.
  • Net profit1 of $222 million, EPS of $0.99 and record adjusted EBITDA Margin† of 61%.
  • Generated strong quarterly Operating Cash Flow of $314 million.
  • Free Cash Flow† of $130 million, and $385 million year to date.
  • Cash balance increased by 6% to $655 million with no debt and revolving credit facility undrawn.
  • Returned $78 million to shareholders in the quarter, via dividends and share buybacks.
  • Completed $58 million in share buybacks during the quarter and $134 million year to date, with up to $350 million approved for 2026.
  • Listed on the New York Stock Exchange (“NYSE”) on April 7, 2026, with trading volumes increasing.
  • Reported additional high-grade drill results at Haile, highlighting the ongoing success of drilling to support resource growth and conversion, and continuing to demonstrate upside potential.
  • Development of the decline towards Wharekirauponga commenced in May 2026, progressing to plan.
  • Macraes produced its 6 millionth ounce of gold in July 2026, since beginning production in 1990.

† See “Non-IFRS Financial Information” 
1 Attributable to the shareholders of the Company.

Gerard Bond, President and CEO of OceanaGold, said “We are pleased to deliver another quarter of solid gold production, generating strong free cash flow which allows us to invest in our attractive organic growth projects, strengthen our balance sheet and still return meaningful capital to shareholders. During the quarter we commenced development of the decline towards the high-grade Wharekirauponga orebody, a significant milestone in advancing the Waihi North Project, and are progressing to plan. At Haile, we continued to progress the Palomino decline and released additional high-grade drill results that further demonstrate our ability to add value through the drill bit. With increased gold production expected in the second half of the year we remain focused on delivering on our guidance, reducing our unit costs, generating further free cash flow and continuing to create value for our shareholders.”

Results Overview

Q2 2026

Q1 2026

Q2 2025

YTD 2026

YTD 2025

Gold Produced1

  Haile

koz

59.5

41.6

47.7

101.1

99.3

  Macraes

koz

41.4

51.5

30.0

92.9

58.4

  Waihi

koz

16.5

16.6

17.3

33.1

34.1

  Didipio

koz

21.4

20.4

24.5

41.8

45.1

Total gold produced1

koz

138.8

130.1

119.5

268.9

236.9

Gold Sales

  Haile

koz

53.1

47.3

49.5

100.4

106.7

  Macraes

koz

45.9

47.9

34.8

93.8

58.5

  Waihi

koz

16.4

17.6

16.4

34.0

32.3

  Didipio

koz

20.4

22.6

20.6

43.0

38.4

Total Gold sales

koz

135.8

135.4

121.3

271.2

235.9

Average Gold Price

$/oz

4,433

4,894

3,293

4,663

3,082

Copper Produced1 – Didipio

kt

2.7

3.2

3.7

5.9

7.1

Copper Sales1 – Didipio

kt

2.6

3.3

3.0

5.9

6.2

Average Copper Price

$/lb

6.40

6.10

4.36

6.23

4.32

Silver Produced

koz

126.8

130.7

160.1

257.5

322.8

Cash Costs†

  Haile

$/oz

1,442

1,779

997

1,601

846

  Macraes

$/oz

1,237

970

1,496

1,101

1,444

  Waihi

$/oz

2,262

1,556

1,670

1,896

1,559

  Didipio

$/oz

706

748

873

728

872

Consolidated Cash Costs†

$/oz

1,362

1,292

1,210

1,327

1,096

AISC†

  Haile

$/oz

1,953

2,637

1,890

2,275

1,708

  Macraes

$/oz

1,932

1,506

2,146

1,715

2,213

  Waihi

$/oz

2,840

2,155

2,190

2,485

2,106

  Didipio

$/oz

1,589

1,298

1,287

1,436

1,214

Consolidated AISC†

$/oz

2,151

2,094

2,027

2,123

1,915

Free Cash Flow†

$M

130.1

255.2

120.1

385.3

188.9

Net profit2

$M

222.2

228.4

114.1

450.6

213.8

Adjusted net profit†2

$M

221.2

229.5

116.5

450.7

217.2

EBITDA†

$M

399.0

416.7

217.1

815.7

409.1

Adjusted EBITDA†

$M

398.0

417.8

219.5

815.8

412.5

Earnings per share – diluted2,3

$/share

$0.99

$1.01

$0.49

$1.99

$0.91

Adjusted earnings per share – diluted†2,3

$/share

$0.98

$1.01

$0.51

$2.00

$0.94

1     Production is reported on a 100% basis as all operations are controlled by OceanaGold.

2     Attributable to the shareholders of the Company.

3     Quarterly amounts do not sum to year-to-date amounts due to the weighting of the number of shares outstanding.

Outlook

The Company’s 2026 production, cost and capital Guidance is outlined in the table below and remains unchanged.

Production is expected to increase in the second half of the year, with consolidated third quarter production expected to be similar to the second quarter, and the fourth quarter being the strongest of the year.

At Haile, gold production is expected to increase in the third quarter, then again in the fourth quarter driven by higher grades mined in the Ledbetter Phase 3 open pit and the Horseshoe Underground. Macraes production is expected to be lower in the third and fourth quarters as per plan, while production at Waihi is expected to remain relatively consistent through the remainder of the year. At Didipio, production is expected to be higher in the third and fourth quarters driven by an increase in underground mining rates.

Consolidated AISC† is anticipated to be near the upper end of the Company’s 2026 Guidance range, reflecting labour cost inflation, continued investment in maintenance and reliability improvements, unhedged energy costs and lower silver by-product credits. Consolidated AISC† is expected to be lower in the third quarter and again in the fourth quarter, underpinned by lower sustaining capital and higher production at Haile. AISC† at each of Haile, Didipio and Waihi is expected to reduce in the second half of the year. AISC† at Macraes is expected to increase in the second half, with its full-year AISC† expected to be within its Guidance range.

Total capital investment guidance remains unchanged, with spending on growth capital expected to increase in the second half of the year, primarily driven by the continued investment in the Waihi North and Palomino Underground Projects and waste stripping activities at Haile, while sustaining capital across the portfolio is expected to decrease in the second half of the year.

2026 Full-Year Guidance

Production & Costs1

Haile

Macraes

Waihi

Didipio

Consolidated

Gold Production

koz

235

–

260

135

–

155

60

–

75

85

–

105

520

–

590

Copper Production

kt

—

—

—

13

–

15

13

–

15

Cash Costs†,2

$/oz

970

–

1,070

1,275

–

1,375

1,600

–

1,800

615

–

715

1,050

–

1,200

AISC†,2

$/oz

1,500

–

1,700

1,950

–

2,150

2,100

–

2,300

975

–

1,100

1,750

–

1,900

† See “Non-IFRS Financial Information” 

Capital Investments1,3,4 ($M)

Haile

Macraes

Waihi

Didipio

Consolidated

Included in AISC†

Sustaining capital

95

30

15

25

170

170

Pre-strip and Capitalized Mining

45

65

15

10

135

135

Growth

90

10

160

20

280

—

Exploration

10

10

25

10

60

15

Total Investments

240

115

215

65

645

320

1

Production is on a 100% basis as all operations are controlled by OceanaGold. Assumes a NZD to USD exchange rate of 0.58.

2

Includes by-product allocations based on a copper price of $5.85 per pound and a silver price of $95 per ounce.

3

Excludes capital leases.

4

Capital Investments Guidance range of ±5%; Consolidated includes corporate capital.

Waihi North Project

OceanaGold is permitted to develop and operate the Waihi North Project, which includes the high-grade Wharekirauponga Underground mine. Construction and underground tunnelling activity to the underground mine continues to ramp up with overall project development progressing on schedule for first ore in 2032.

Following completion of the portal, decline development commenced in May 2026 and is progressing in line with plan, nearing 200 metres to date. The next key milestone involves the addition of a second jumbo to begin the twin incline towards the Wharekirauponga orebody.

Execution of bulk earthworks accelerated at the Willows Portal site in the second quarter and earthwork activities related to drainage, dams, roads, magazine and the surface facilities area remain on track for completion by year-end. Construction of the services trench connecting the existing Waihi operations with the Willows surface facilities, providing power, water and communications infrastructure, was completed in July. Construction of the water treatment plant remains ongoing, with commissioning expected by the end of the third quarter. Early works activities on TSF 3 are expected to commence in the fourth quarter.

Dividend

OceanaGold has declared a $0.09 per share dividend payable in September 2026. Shareholders of record at the close of business in each jurisdiction on August 19, 2026 (the “Record Date”) will be entitled to receive payment of the dividend on September 18, 2026. The dividend payment applies to holders of record of the Company’s common shares traded on the TSX and the NYSE.

Declaration of Dividend

Wednesday August 5, 2026

Record Date

Wednesday August 19, 2026

Dividend Payment Date

Friday September 18, 2026

Dividends are payable in United States dollars. Shareholders in other jurisdictions can elect to participate in Computershare’s international payments service if they want to receive dividends in an alternative currency. This dividend qualifies as an ‘eligible dividend’ for Canadian income tax purposes.

Share Buyback

In the first half of 2026, the Company completed $134 million of share repurchases. In February, the Company announced approval to apply up to $350 million towards share buybacks in 2026. The Company recently renewed its Normal Course Issuer Bid for another 12 months.

Conference Call and Webcast:

Senior management will host a conference call and webcast to discuss the quarterly results on Thursday, August 6, 2026 at 10:00 am EDT (7:00 am PDT). To participate in the conference call, please use one of the following methods:

If you are unable to attend the call, a recording will be made available on the Company’s website.

About OceanaGold  

OceanaGold is a global intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the wholly-owned Haile Gold Mine in the United States of America; the wholly-owned Macraes and Waihi operations in New Zealand; and the 80%-owned Didipio Mine in the Philippines.

 

Cautionary Statement for Public Release 

This news release contains certain “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable Canadian and United States securities laws which may include, but are not limited to, statements with respect to: the Company’s planned production, cost and capital Guidance for 2026; the future financial and operating performance of the Company and its mining projects and the anticipated benefits therefor; the development, expansion and operation of the Company’s mining projects; anticipated production levels and mine lives; the estimation, realization and classification of Mineral Reserves and Mineral Resources; costs of production; estimates of growth capital, sustaining capital, operating and exploration expenditures; costs and timing of the development of new deposits and mines; the availability of, and access to, labour, equipment, power, diesel, water and other inputs; the timing, cost and outcome of development, construction and expansion activities; timing for the execution of bulk earthworks, construction and commissioning of the water treatment plant and first ore at the Waihi North Project; costs and timing of future exploration and drilling programs, including the Company’s site and regional exploration programs; water management initiatives and strategies and tailings management initiatives at the Company’s operations; requirements for additional capital; the adequacy of current financial resources and cash reserves; governmental regulation of mining operations and exploration operations; the timing and receipt of required permits, certifications, approvals, consents and renewals under applicable legislation; the amount of and timing for anticipated purchases under the NCIB program; the payment of dividends in future periods; compliance with applicable environmental, social, health and safety and other regulatory requirements; geotechnical and operational conditions; social licence to operate and stakeholder relationships; competition for mineral properties; the availability and terms of financing; foreign operations and political, economic and regulatory conditions in the jurisdictions in which the Company operates; expectations regarding the impacts of the U.S.-Iran international conflict on the Company’s operations, including potential impacts to operating and capital costs; governmental regulation of mining operations and exploration operations; fluctuations in commodity prices, including gold, copper and silver, and foreign exchange rates; anticipated environmental risks; the limitations and adequacy of insurance coverage; title matters, disputes, claims and land access; changes in laws, taxation and accounting standards; and the timing and possible outcome of pending legal proceedings, regulatory matters and other disputes, including the appeal to the permit approval for the Waihi North Project. 

All statements in this news release that address events or developments that the Company expects to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as “may”, “plans”, “expects”, “projects”, “is expected”, “scheduled”, “potential”, “estimates”, “forecasts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases, or may be identified by statements to the effect that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks include, among others: the risk of not achieving the Company’s production estimates, forecasts or Guidance; inaccuracy of Mineral Reserves, Mineral Resources and operating and capital cost estimates; the actual results of current and future production, development and/or exploration activities; possible variations of ore grade, metallurgy or recovery rates; changes in mine plans, project parameters or assumptions as plans continue to be refined; delays in, or inability to complete, development or construction or expansion activities or to re-commence or sustain operations as planned; failures or underperformance of plant, equipment, infrastructure or processes; geotechnical risks or events, including open pit wall stability, crown pillar failure, land subsidence and tailings dam failures; scarcity in and disruption of global supply chain and/or increases in prices, including as a result of international conflicts, such as the U.S.-Iran conflict; challenges associated with effective water management; environmental, health and safety and climate-related risks; risks related to community acceptance, stakeholder engagement and social licence to operate; competition for mineral properties and other growth opportunities; legal and regulatory challenges to current and future permits, certifications, approvals or licences; adverse judicial, regulatory or governmental decisions; delays in, or inability to obtain, financing or governmental approvals on acceptable terms; changes in laws, regulations, taxation regimes, regulated accounting standards or their interpretation or application; the risks associated with operating in foreign jurisdictions, including political instability, changes in policy or law, civil unrest, blockades or conflict; fluctuations in the prices of gold, copper and silver; general business, economic and market conditions (including changes in global, national or regional financial, credit, currency or securities markets); changes or developments in global, national or regional political and social conditions; fluctuations in foreign exchange rates, including the value of the U.S. dollar relative to the Canadian dollar, the New Zealand dollar or the Philippine peso; trade policies and tensions, including tariffs; inflationary pressure; labour availability, retention and turnover; accidents, labour disputes, work stoppages and other operational risks of the mining industry; limitations of insurance coverage or uninsured risks; the conclusions of economic evaluations, studies and models; information technology, artificial intelligence and cybersecurity risks; and those other factors identified and described in more detail in the section entitled “Risk Factors” contained in the Company’s most recent Annual Information Form and the Company’s other filings with Canadian securities regulators and the U.S. Securities and Exchange Commission (“SEC”), which are available under the Company’s profile on SEDAR+ at sedarplus.ca and on EDGAR at sec.gov, respectively, and on the Company’s website at oceanagold.com. The list is not exhaustive of the factors that may affect the Company’s forward-looking statements.

The Company’s forward-looking statements are based on the applicable assumptions and factors Management considers reasonable as of the date hereof, based on the information available to Management at such time. These assumptions and factors include, but are not limited to, assumptions and factors related to the Company’s ability to carry on current and future operations, including: exploration and development activities; the timing, extent, duration and economic viability of such operations; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company’s ability to meet or achieve Guidance, estimates, projections and forecasts; the availability and cost of inputs; the price and market for outputs, including gold, copper and silver; foreign exchange rates; taxation levels; the timely receipt of necessary permits, certifications, approvals or licences; the ability to meet current and future obligations; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions; and other assumptions and factors generally associated with the mining industry.

The Company’s forward-looking statements are based on the opinions and estimates of Management and reflect their current expectations regarding future events and operating performance and speak only as of the date hereof. The Company does not assume any obligation to update forward-looking statements if circumstances or Management’s beliefs, expectations or opinions should change other than as required by applicable laws. There can be no assurance that forward-looking statements will prove to be accurate, and actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, no assurance can be given that any events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits or liabilities the Company will derive therefrom. For the reasons set forth above, undue reliance should not be placed on forward-looking statements.

Cautionary Statements for United States Readers

The scientific and technical disclosure in this news release was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), which differs from the scientific and technical disclosure requirements of the SEC that are applicable to domestic United States reporting companies. Any Mineral Reserves and Mineral Resources reported by the Company in accordance with NI 43-101 may not qualify as such under SEC standards, including Subpart 1300 of Regulation S-K under the United States Securities Exchange Act of 1934, as amended. As a foreign private issuer that is eligible to file reports with the SEC pursuant to the multi-jurisdictional disclosure system, the Company is not required to provide disclosure on its mineral properties under applicable SEC rules and regulations and provides disclosure under NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”) – CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended.  Accordingly, Mineral Resources and Mineral Reserves information and other scientific and technical information contained or referenced in this news release may not be comparable to similar scientific and technical information disclosed by United States public companies subject to the reporting and technical disclosure requirements of the SEC. Historical results or feasibility models presented herein are not guarantees or expectations of future performance.

Qualified Persons

Mr. Greg Hollett, the Company’s Head of Mine Engineering, a qualified person as defined by NI 43-101, has reviewed and approved the disclosure of all scientific and technical information related to Haile operational matters contained in this news release.

Mr. Euan Leslie, the Company’s Group Mining Engineer, and Mr. Knowell Madambi, the Company’s Manager – Technical Services & Projects, Macraes, each of whom is a qualified person as defined by NI 43-101, have reviewed and approved the disclosure of all scientific and technical information related to Macraes operational matters contained in this news release.

Messrs. Leslie and David Townsend, the Company’s Manager – Mining (Underground), Waihi, each of whom is a qualified person as defined by NI 43-101, have reviewed and approved the disclosure of all scientific and technical information related to Waihi operational matters contained in this news release.

Mr. Phillip Jones, the Company’s Head of Underground Mining, a qualified person as defined by NI 43-101, has reviewed and approved the disclosure of all scientific and technical information related to Didipio operational matters contained in this news release.

Mr. Keenan Jennings, the Company’s Executive Vice President and Chief Exploration Officer, a qualified person as defined by NI 43-101, has approved the scientific and technical information regarding exploration matters contained in this news release.

Non-IFRS Financial Information

Adjusted Net Profit/(Loss) and Adjusted Earnings/(Loss) per share

These are used by Management to measure the underlying operating performance of the Company. Management believes these measures provide information that is useful to investors because they are important indicators of the strength of the Company’s operations and the performance of its core business. Accordingly, such measures are intended to provide additional information and should not be considered in isolation as a substitute for measures of performance prepared in accordance with IFRS. Adjusted net profit/(loss) is calculated as net profit/(loss) less the impact of non-recurring items and significant recurring non-cash items. Including impairment expenses and reversals, write-downs, foreign exchange (gains)/losses, gain on sale of assets and listing costs. Management believes that the presentation of Adjusted Net Profit/(Loss) and Adjusted Earnings/(Loss) per share is appropriate to provide additional information to investors regarding items that Management does not expect to continue at the same level in the future or that Management does not believe to be a reflection of the Company’s ongoing operating performance.

The following table provides a reconciliation of Adjusted Net Profit/(Loss) and Adjusted Earnings/(Loss) per share:

$M, except per share amounts

Q2 2026

Q1 2026

Q2 2025

YTD 2026

YTD 2025

Net profit1

222.2

228.4

114.1

450.6

213.8

Foreign exchange (gain) loss

(2.0)

0.1

2.4

(1.9)

3.2

NYSE listing costs

0.9

1.0

—

1.9

—

Write-down of assets

0.1

—

—

0.1

0.2

Adjusted net profit1

221.2

229.5

116.5

450.7

217.2

Weighted average number of common shares – fully diluted

225.1

226.6

234.8

225.9

235.4

Adjusted earnings per share

0.98

1.01

0.51

2.00

0.94

1     Attributable to the shareholders of the Company.

EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin

Management believes that Adjusted EBITDA is a valuable indicator of its ability to generate liquidity by producing operating cash flows to fund working capital needs, service debt obligations and fund capital expenditures. EBITDA is defined as earnings before interest, tax, depreciation and amortization. Adjusted EBITDA is calculated as EBITDA less the impact of non-recurring items and significant recurring non-cash items. Including impairment expenses and reversals, write-downs, gains/losses on disposal of assets, listing costs, foreign exchange gains/losses and other non-recurring costs. Adjusted EBITDA Margin is calculated as Adjusted EBITDA divided by revenue.

The following table provides a reconciliation of EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin

$M

Q2 2026

Q1 2026

Q2 2025

YTD 2026

YTD 2025

Net profit

228.7

235.4

117.6

464.1

218.8

Depreciation and amortization

86.7

84.0

54.9

170.7

108.6

Net interest (income) expense and finance costs

0.7

(1.0)

1.5

(0.3)

3.3

Income tax expense on earnings

82.9

98.3

43.1

181.2

78.4

EBITDA

399.0

416.7

217.1

815.7

409.1

Foreign exchange (gain) loss

(2.0)

0.1

2.4

(1.9)

3.2

NYSE listing costs

0.9

1.0

—

1.9

—

Write-down of assets

0.1

—

—

0.1

0.2

Adjusted EBITDA

398.0

417.8

219.5

815.8

412.5

Revenue

647.3

714.5

432.4

1,361.8

792.3

Adjusted EBITDA Margin

61 %

58 %

51 %

60 %

52 %

Cash Costs and AISC

Cash Costs are a common financial performance measure in the gold mining industry; however, it has no standard meaning under IFRS. Management uses this measure to monitor the performance of the Company’s mining operations and its ability to generate positive cash flows, both on an individual site basis and an overall company basis. Cash Costs include mine site operating costs plus indirect taxes and selling cost net of by-product allocations and are then divided by ounces sold. In calculating Cash Costs, the Company includes the value of cash-settled stock-based compensation in the year of vesting. Cash Costs are reduced by copper and silver by-product cost allocations that are considered incidental to the gold production process, thereby allowing Management and other stakeholders to assess the net costs of gold production. The measure is not necessarily indicative of cash flow from operations under IFRS or operating costs presented under IFRS.

Management believes that the AISC measure provides additional insight into the costs of producing gold by capturing all of the expenditures required for the discovery, development and sustaining of gold production and allows the Company to assess its ability to support capital expenditures to sustain future production from the generation of operating cash flows, both on an individual site basis and an overall company basis, while maintaining current production levels. Management believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company’s performance and ability to generate cash flow per ounce sold. AISC is calculated as the sum of Cash Costs, capital expenditures and exploration costs that are sustaining in nature and corporate G&A costs. AISC is divided by ounces sold to arrive at AISC per ounce.

 The following table provides a reconciliation of consolidated Cash Costs and AISC:

$M, except per oz amounts

Q2 2026

Q1 2026

Q2 2025

YTD 2026

YTD 2025

Cost of sales, excl. depreciation and amortization

215.1

226.8

181.1

441.9

324.0

Indirect taxes

7.6

9.0

5.6

16.6

10.4

Selling costs

0.5

3.7

2.6

4.2

5.4

Non-cash stock-based compensation adjustments2

7.4

(9.0)

(7.1)

(1.6)

(10.5)

By-product allocation

(45.7)

(55.6)

(35.4)

(101.3)

(70.7)

Total Cash Costs (net)

184.9

174.9

146.8

359.8

258.6

Sustaining capital and leases

51.1

40.3

34.4

91.4

61.2

Deferred stripping and capitalized mining

31.3

45.9

49.0

77.2

104.3

Corporate general & administration3

21.3

19.9

15.1

41.2

25.5

Onsite exploration and drilling

3.4

3.2

0.6

6.6

2.2

Total AISC

292.0

284.2

245.9

576.2

451.8

Gold sales (koz)

135.8

135.4

121.3

271.2

235.9

Cash Costs ($/oz)

1,362

1,292

1,210

1,327

1,096

AISC ($/oz)1

2,151

2,094

2,027

2,123

1,915

1

Excludes the Additional Government Share related to the FTAA at Didipio of $9.7 million,  $22.1 million and $31.8 million for the second quarter,  first quarter and year to date 2026, respectively, as it is considered in the nature of an income tax.

2

Other cash adjustments reflect the inclusion of cash settled stock-based compensation in AISC over the year of vesting.

3

Corporate general & administration includes cash settled stock-based compensation.

The following tables provide a reconciliation of Cash Costs and AISC for each operation:

Haile

$M, except per oz amounts

Q2 2026

Q1 2026

Q2 2025

YTD 2026

YTD 2025

Cash costs of sales1

95.1

79.8

53.9

174.9

99.5

By-product allocation

(1.7)

(1.2)

(1.9)

(2.9)

(3.8)

Inventory adjustments

(16.9)

5.4

(2.8)

(11.5)

(5.8)

Freight, treatment and refining charges

0.1

0.2

0.2

0.3

0.4

Total Cash Costs (net)

76.6

84.2

49.4

160.8

90.3

Sustaining capital and leases

26.3

18.7

16.2

45.0

26.6

Deferred stripping and capitalized mining

—

21.2

28.0

21.2

64.4

Onsite exploration and drilling

0.6

0.9

0.1

1.5

0.9

Total AISC

103.5

125.0

93.7

228.5

182.2

Gold sales (koz)

53.1

47.3

49.6

100.4

106.7

Cash Costs ($/oz)

1,442

1,779

997

1,601

846

AISC ($/oz)

1,953

2,637

1,890

2,275

1,708

1     Reflects the inclusion of cash settled stock-based compensation over the year of vesting.

Macraes

$M, except per oz amounts

Q2 2026

Q1 2026

Q2 2025

YTD 2026

YTD 2025

Cash costs of sales1

44.5

45.1

43.3

89.6

82.5

By-product allocation

(0.2)

(0.1)

—

(0.3)

(0.1)

Royalties

6.9

6.7

2.6

13.6

3.3

Inventory adjustments

5.2

(5.9)

5.9

(0.7)

(1.7)

Freight, treatment and refining charges

0.4

0.6

0.3

1.0

0.5

Total Cash Costs (net)

56.8

46.4

52.1

103.2

84.5

Sustaining capital and leases

11.5

8.6

8.4

20.1

17.8

Deferred stripping and capitalized mining

18.8

15.8

14.2

34.6

26.5

Onsite exploration and drilling

1.4

1.2

0.1

2.6

0.7

Total AISC

88.5

72.0

74.8

160.5

129.5

Gold sales (koz)

45.9

47.9

34.8

93.8

58.5

Cash Costs ($/oz)

1,237

970

1,496

1,101

1,444

AISC ($/oz)

1,932

1,506

2,146

1,715

2,213

1     Reflects the inclusion of cash settled stock-based compensation over the year of vesting.

Waihi

$M, except per oz amounts

Q2 2026

Q1 2026

Q2 2025

YTD 2026

YTD 2025

Cash costs of sales1

34.9

34.2

30.7

69.1

57.5

By-product allocation

(4.6)

(6.3)

(2.6)

(10.9)

(4.7)

Royalties

0.8

2.8

0.6

3.6

1.1

Inventory adjustments

6.0

(3.4)

(1.4)

2.6

(3.7)

Add: Freight, treatment and refining charges

—

0.1

—

0.1

0.1

Total Cash Costs (net)

37.1

27.4

27.3

64.5

50.3

Sustaining capital and leases

2.7

4.9

2.2

7.6

6.5

Deferred stripping and capitalized mining

5.7

4.7

5.7

10.4

10.4

Onsite exploration and drilling

0.9

1.1

0.5

2.0

0.7

Total AISC

46.4

38.1

35.7

84.5

67.9

Gold sales (koz)

16.4

17.6

16.3

34.0

32.3

Cash Costs ($/oz)

2,262

1,556

1,670

1,896

1,559

AISC ($/oz)

2,840

2,155

2,190

2,485

2,106

1     Reflects the inclusion of cash settled stock-based compensation over the year of vesting.

Didipio

$M, except per oz amounts

Q2 2026

Q1 2026

Q2 2025

YTD 2026

YTD 2025

Cash costs of sales1

39.4

41.1

38.3

80.5

70.4

By-product allocation

(39.2)

(48.0)

(30.9)

(87.2)

(62.1)

Royalties

2.5

3.5

2.4

6.0

4.0

Indirect taxes

7.4

8.3

5.7

15.7

10.4

Inventory adjustments

2.6

7.8

(0.7)

10.4

3.8

Freight, treatment and refining charges

1.7

4.2

3.2

5.9

7.0

Total Cash Costs (net)

14.4

16.9

18.0

31.3

33.5

Sustaining capital and leases

10.6

8.1

7.0

18.7

9.7

Deferred stripping and capitalized mining

6.8

4.2

1.1

11.0

3.0

General & administration2

0.1

0.1

0.3

0.2

0.3

Onsite exploration and drilling

0.3

—

—

0.3

—

Total AISC

32.2

29.3

26.4

61.5

46.5

Gold sales (koz)

20.4

22.6

20.6

43.0

38.4

Cash Costs ($/oz)

706

748

873

728

872

AISC1 ($/oz)

1,589

1,298

1,287

1,436

1,214

1

Reflects the inclusion of cash settled stock-based compensation over the year of vesting.

2

Excludes the Additional Government Share of FTAA at Didipio of $9.7 million, $22.1 million and $31.8 million for the second quarter, first quarter, and year to date 2026, respectively, as it is considered in the nature of an income tax.

Net Cash/(Debt)

Net Cash/(Debt) has been calculated as total debt plus cash and cash equivalents. Management believes this is a useful indicator to be used in conjunction with other liquidity and leverage ratios to assess the Company’s financial health.

The following table provides a reconciliation of Net Cash/(Debt):

$M

June 30, 2026

December 31, 2025

Amounts drawn under the revolving credit facility

—

—

Total debt

—

—

Cash and cash equivalents

654.8

476.5

Net Cash

654.8

476.5

Operating Cash Flow before working capital movements

Operating Cash Flow before working capital movements is calculated as the cash flows provided by operating activities adjusted for changes in working capital. The following table provides a reconciliation of Operating Cash Flow before working capital movements:

$M, except per share amounts

Q2 2026

Q1 2026

Q2 2025

YTD 2026

YTD 2025

Cash provided by operating activities

313.6

381.5

226.9

695.1

398.5

Changes in working capital

27.2

(46.9)

4.9

(19.7)

30.1

Cash flows provided by operating activities before changes in working capital

340.8

334.6

231.8

675.4

428.6

Free Cash Flow

Free Cash Flow is calculated as cash flows from operating activities, less cash flow used in investing activities. Management believes Free Cash Flow is a useful indicator of the Company’s ability to generate cash flow and operate net of all expenditures, prior to any financing cash flows. The following table provides a reconciliation of Free Cash Flow:

$M, except per share amounts

Q2 2026

Q1 2026

Q2 2025

YTD 2026

YTD 2025

Cash flows provided by Operating Activities

313.6

381.5

226.9

695.1

398.5

Cash flows used in Investing Activities

(183.5)

(126.3)

(106.8)

(309.8)

(209.6)

Free Cash Flow

130.1

255.2

120.1

385.3

188.9

For further information please contact: Investor Relations: Brian Martin, SVP, Business Development and Investor Relations, Tel: +1 604-678-4096, ir@oceanagold.com; Valerie Burns, Director, Investor Relations, Tel: +1 604-235-0742, ir@oceanagold.com; Media Relations: Louise Burgess, Vice President, Communications, Tel: +1 604-403-2019, info@oceanagold.com 

Telix to Host R&D Day in New York City on September 22, 2026

MELBOURNE, Australia and INDIANAPOLIS, Aug. 6, 2026 /PRNewswire/ — Telix Pharmaceuticals Limited (ASX: TLX, NASDAQ: TLX, “Telix”) today advises that it will host a Research and Development (R&D) Day on Tuesday, September 22, 2026, from 8:30 a.m. to 12:30 p.m. EDT in New York City.

Institutional investors and analysts are invited to register to attend the in-person session, which will feature a comprehensive overview of Telix’s therapeutic and precision medicine pipeline, as well as key scientific, clinical and strategic developments across the portfolio.

Members of the Telix leadership team will present at the event, including Managing Director and Group CEO, Dr. Christian Behrenbruch; Group Chief Medical Officer, Dr. David N. Cade; CEO Therapeutics, Richard Valeix; CEO Precision Medicine, Kevin Richardson and Vice President Discovery Sciences, Dr. Michael Wheatcroft. The program will also feature presentations from key opinion leaders who will provide their perspectives on the clinical and scientific opportunities.

Advance registration is required for in-person attendance. Additional event details, including the venue, agenda and presentation materials, will be provided to registered attendees.

To RSVP or inquire about the R&D Day, please contact annie.kasparian@telixpharma.com or charlene.jaw@telixpharma.com.

Capital Markets Day to be hosted in Melbourne on November 4, 2026 – Save the Date

Telix will also host a Capital Markets Day in Melbourne on Wednesday, November 4, 2026. Telix management will provide updates on the Company’s strategy, growth outlook, financial targets and key business priorities. Further details will be provided in a separate announcement.

Note: These events are for qualified institutional investors and analysts.

About Telix Pharmaceuticals Limited

Telix Pharmaceuticals (ASX: TLX, NASDAQ: TLX) is a commercial-stage global radiopharmaceutical company, advancing targeted theranostics to improve outcomes for people with cancer across the patient journey. Theranostics pairs a precision diagnostic with a targeted therapy to both diagnose and treat disease. 

Telix’s commercial franchise is anchored by its prostate cancer imaging portfolio: Illuccix® (kit for the preparation of gallium-68 gozetotide injection), commercially available in 22 countries including the U.S. and Gozellix® (kit for the preparation of gallium-68 gozetotide injection), approved by the U.S. Food and Drug Administration (FDA). The Company’s late-stage therapeutic pipeline includes three investigational assets in pivotal-stage trials: TLX591-Tx (lutetium-177 (177Lu) rosopatamab tetraxetan) in prostate cancer, TLX101-Tx (131I-iodofalan) in recurrent glioblastoma, and TLX250-Tx (lutetium (177Lu) girentuximab tetraxetan) in kidney cancer, additionally complemented by a deep pipeline of next generation candidates. 

Telix is headquartered in Melbourne, Australia, with operations across North America, Europe, Latin America and Asia-Pacific. For more information, visit www.telixpharma.com or follow Telix on LinkedIn, X and Facebook.

Investor Relations

Annie Kasparian

Annie.kasparian@telixpharma.com

 

Charlene Jaw

Charlene.jaw@telixpharma.com

Legal Notices

Cautionary Statement Regarding Forward-Looking Statements. 

You should read this announcement together with our risk factors, as disclosed in our most recently filed reports with the Australian Securities Exchange (ASX), U.S. Securities and Exchange Commission (SEC), including our Annual Report on Form 20-F filed with the SEC, or on our website.

The information contained in this announcement is not intended to be an offer for subscription, invitation or recommendation with respect to securities of Telix Pharmaceuticals Limited (Telix) in any jurisdiction, including the United States. The information and opinions contained in this announcement are subject to change without notification.  To the maximum extent permitted by law, Telix disclaims any obligation or undertaking to update or revise any information or opinions contained in this announcement, including any forward-looking statements (as referred to below), whether as a result of new information, future developments, a change in expectations or assumptions, or otherwise. No representation or warranty, express or implied, is made in relation to the accuracy or completeness of the information contained or opinions expressed in the course of this announcement.

This announcement may contain forward-looking statements, including within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, that relate to anticipated future events, financial performance, plans, strategies or business developments. Forward-looking statements can generally be identified by the use of words such as “may”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”, “outlook”, “forecast” and “guidance”, or the negative of these words or other similar terms or expressions. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Forward-looking statements are based on Telix’s good-faith assumptions as to the financial, market, regulatory and other risks and considerations that exist and affect Telix’s business and operations in the future and there can be no assurance that any of the assumptions will prove to be correct. In the context of Telix’s business, forward-looking statements may include, but are not limited to, statements about: the initiation, timing, progress, completion and results of Telix’s preclinical and clinical trials, and Telix’s research and development programs; Telix’s ability to advance product candidates into, enroll and successfully complete, clinical studies, including multi-national clinical trials; the timing or likelihood of regulatory filings and approvals for Telix’s product candidates, manufacturing activities and product marketing activities; Telix’s sales, marketing and distribution and manufacturing capabilities and strategies; the commercialization of Telix’s product candidates, if or when they have been approved; Telix’s ability to obtain an adequate supply of raw materials at reasonable costs for its products and product candidates; estimates of Telix’s expenses, future revenues and capital requirements; Telix’s financial performance; developments relating to Telix’s competitors and industry; the anticipated impact of U.S. and foreign tariffs and other macroeconomic conditions on Telix’s business, including as a result of war or other geopolitical conflicts; and the pricing and reimbursement of Telix’s product candidates, if and after they have been approved. Telix’s actual results, performance or achievements may be materially different from those which may be expressed or implied by such statements, and the differences may be adverse. Accordingly, you should not place undue reliance on these forward-looking statements.

Trademarks and Trade Names. All trademarks and trade names referenced in this press release are the property of Telix Pharmaceuticals Limited (Telix) or, where applicable, the property of their respective owners. For convenience, trademarks and trade names may appear without the ® or ™ symbols. Such omissions are not intended to indicate any waiver of rights by Telix or the respective owners. Trademark registration status may vary from country to country. Telix does not intend the use or display of any third-party trademarks or trade names to imply any affiliation with, endorsement by, or sponsorship from those third parties.

©2026 Telix Pharmaceuticals Limited. All rights reserved.

LingEQ Study Finds: The Most Cognitively Dense Paper in 90 Years of AI History Was Not Written About AI

 New cognitive linguistic entropy measurement finds Claude Shannon’s communications paper surpasses both the Turing Machine (1936) and the Turing Test (1950) — LingEQ Engine launched globally August 1

SILICON VALLEY, Calif., Aug. 6, 2026 /PRNewswire/ — A study applying linguistic entropy measurement to 50 landmark AI papers — spanning 1936 to 2025 — has produced a counterintuitive result: the text with the highest measured cognitive density was not written about AI. Claude Shannon’s 1948 A Mathematical Theory of Communication registers the highest LEQ (194, Linguistic Entropy Quotient) value in the entire corpus — surpassing Turing’s 1936 On Computable Numbers (LEQ 193) and Turing’s 1950 Turing Test paper (LEQ 189). GPT-3, AlphaFold, and DeepSeek-R1 cluster between 168 and 170. The 1955 Dartmouth Proposal, which named the field of artificial intelligence, registers the lowest early-period value at 150. Early AI texts created new conceptual objects and theoretical boundaries; recent landmark work, however transformative, builds within established frameworks.

90 Years Engraved by Entropy: LEQ Analysis of 50 Landmark AI Papers
90 Years Engraved by Entropy: LEQ Analysis of 50 Landmark AI Papers

The study, 90 Years Engraved by Entropy: LEQ Analysis of 50 Landmark AI Papers, is the inaugural release of the LingEQ Curation Series. Conducted using the LingEQ Engine, the study uses multiple language models as analytical instruments, calibrated against an anchor corpus to produce reproducible linguistic entropy values. Its measurements are derived entirely from the text itself, independent of authorship, publication venue, or citation history. The theoretical framework is presented in The Scale of Language, forthcoming from Springer Nature.

The research addresses a structural gap in scientific publishing. arXiv now receives over 20,000 preprints each month, while papers can spend one to two years in peer review. AI can generate increasingly polished texts, making originality and reliability harder to assess. Each submission is evaluated by two or three reviewers, introducing sampling bias and the limits of individual expertise. Foundational work may disappear into an unread database, while papers aligned with current trends can accumulate citations despite limited lasting value. Peer review measures consensus, citation counts measure influence – neither measures what a text actually contains.

LingEQ Engine opened for global public beta on August 1, 2026.

About LingEQ Technologies:

LingEQ Technologies (LingEQ.com) is an independent language measurement platform quantifying the cognitive depth of written text in the age of AI, operating across Silicon Valley, Brisbane, Hong Kong, and Shenzhen.

Media contact:
lingeqcs@lingeq.com

LingEQ
LingEQ

Diego Mesa Puyo selected as next GEF CEO and Chairperson

WASHINGTON, Aug. 6, 2026 /PRNewswire/ — The Global Environment Facility (GEF) Council today announced the selection of Diego Mesa Puyo as the family of funds’ next CEO and Chairperson. Mesa Puyo, an international leader in energy policy, economic development, and sustainability, and former Minister of Energy and Mines from Colombia, will serve an initial term of four years, aligned with the GEF-9 funding period and the last sprint towards critical 2030 environmental goals.

Diego Mesa Puyo
Diego Mesa Puyo

Before his selection as the GEF’s next CEO and Chairperson, Mesa Puyo served as Deputy Chief of the Climate Policy Division of the International Monetary Fund. As Colombia’s Minister of Energy and Mines in the 2018-2022 administration, he led one of Latin America’s most ambitious energy transition agendas, launching market reforms that mobilized more than $3 billion in private investment and accelerated the deployment of variable renewable energy from near-zero levels to one of the fastest-growing clean energy markets in the region. He also played a central role in advancing energy transition and climate action legislation, embedding sustainability objectives in economic and development policy.

“I am deeply honored to serve as the next CEO and Chairperson of the Global Environment Facility at this pivotal moment for the international community,” Mesa Puyo said. “Countries need trusted partners that can help turn ambition into action. Building on the GEF’s remarkable legacy, I look forward to working with the Secretariat, member countries, and partners around the world to achieve environmental and development goals together by integrating solutions, catalyzing investment, and delivering measurable results for people and planet.”

The GEF is the world’s largest public funder for the environment and serves international conventions on biodiversity, climate change, and pollution. Donor countries have pledged an initial $3.9 billion for an ambitious ninth replenishment of the GEF Trust Fund, reflecting a strong commitment to protect and restore nature through multilateral cooperation.

The Global Environment Facility is the world’s family of funds for the environment. As the financial mechanism for six multilateral conventions, it supports countries’ efforts to tackle the root causes of environmental degradation — advancing global goals for nature, climate, and pollution. Over the past three decades, the GEF has been the largest public funder for the environment and provided more than $27 billion in financing, primarily as grants, and mobilized another $155 billion for country-driven priority projects.

Read the full press release here in English, Spanish, and French.

DXC Appoints Lisa Beaudoin as Chief Product Officer to Accelerate Product-Led Growth

  • Lisa Beaudoin appointed Chief Product Officer, leading a newly unified product development organization across DXC
  • Beaudoin most recently led the development and launch of DXC OASIS, the company’s AI-powered orchestration platform for managed services, now in production with 57 customers
  • Appointment follows the recent naming of Paul Taylor as President, Dan Gray as President, Global Infrastructure Services and Holly Grant as President, AI Innovation and Strategy & LabX, further strengthening DXC’s leadership team and operating model

ASHBURN, Va., Aug. 6, 2026 /PRNewswire/ — DXC Technology (NYSE: DXC), a leading enterprise technology and innovation partner, today announced the appointment of Lisa Beaudoin as Chief Product Officer. In this role, Beaudoin will lead a newly unified product development organization spanning DXC’s portfolio, with responsibility for product strategy, engineering, lifecycle management, and market execution. Her appointment reflects DXC’s focus on scaling AI-centric leadership and product-led innovation across the company and accelerating the delivery of differentiated offerings for customers. DXC also recently appointed Paul Taylor as President, Dan Gray as President, Global Infrastructure Services (GIS), and Holly Grant as President, AI Innovation and Strategy & LabX. She will report to Paul Taylor, President, effective immediately.

DXC Appoints Lisa Beaudoin as Chief Product Officer to Accelerate Product-Led Growth
DXC Appoints Lisa Beaudoin as Chief Product Officer to Accelerate Product-Led Growth

Beaudoin previously served as Vice President, Platform Innovation and Automation, where she led the product strategy and engineering of AI-driven enterprise platforms. Working across product, engineering, operations, and customer teams, she has overseen the full product lifecycle, from strategic positioning and development through market execution, with a focus on improving user experience, operational performance, and measurable business value for customers.

Most recently, Beaudoin co-led the development and launch of DXC OASIS alongside Dan Gray, President of GIS, helping bring together product strategy, technical innovation, and customer insight to take the company’s AI platform from concept to production in just over a year. The platform is now in production with 57 customers and serves as the foundation for a growing set of scalable, AI-enabled solutions that deliver measurable business value while transforming managed services for mission-critical enterprises at scale.

“This is a natural next step in the evolution of DXC,” said Raul Fernandez, Chief Executive Officer, DXC Technology. “We are simplifying how we operate, consolidating product development under one proven leader, and creating greater consistency across the way we build and bring products to market. Lisa has demonstrated her ability to turn customer needs into scalable platforms that deliver measurable value, and she will help accelerate how we innovate, execute, and deliver outcomes for our customers.”

In her expanded role, Beaudoin will apply the disciplined product development approach behind DXC OASIS, rooted in deep customer and user insight, across DXC’s broader portfolio. She will bring product teams together under a unified organization, strengthen the connection between customer needs and product development, and accelerate the delivery of scalable offerings that support DXC’s Core and Fast Track strategies. She will also work closely with DXC’s technology and business leaders to ensure product and engineering teams are aligned from the outset and that DXC’s offerings complement one another and fully leverage the company’s strategic partnerships. By bringing product development under a single organization, DXC aims to accelerate innovation, reduce complexity, and bring new capabilities to customers more quickly. 

“Lisa brings the product discipline we need to strengthen execution across DXC,” said Paul Taylor, President, DXC Technology. “Putting our customers at the center of every product decision will help us focus on the opportunities that matter most, connect product, technology and engineering more effectively, and move with greater speed and clarity. By bringing product development together under one leader, we’ll build better solutions, execute with greater consistency, and ensure innovation is always driven by the needs of our customers.”

“DXC has deep industry expertise, strong engineering capabilities, and an unmatched understanding of the complex technology and business environments in which our customers operate,” said Beaudoin. “My focus will be on bringing those strengths together through a more unified product organization that starts with a clear understanding of customer and operator needs, focuses on the highest-value opportunities, and moves with speed. By connecting disciplined product strategy with our strong technology leadership, we can build products that are technically feasible, operationally scalable, work together across our portfolio, and directly tied to the outcomes our customers and partners need.”

Before joining DXC, Beaudoin co-founded Brightspot, an enterprise software company, and held senior product, design, and creative leadership roles at WebMD, AOL, and The Wall Street Journal/Dow Jones. Across these roles, she led the development of digital platforms, publishing tools, and consumer applications for global organizations. She is a graduate of Parsons School of Design.

About DXC Technology

DXC Technology (NYSE: DXC) is a leading enterprise technology and innovation partner delivering software, services, and solutions to global enterprises and public sector organizations — helping them harness AI to drive outcomes at a time of exponential change with speed. With deep expertise in Managed Infrastructure Services, Application Modernization, and Industry-Specific Software Solutions, DXC modernizes, secures, and operates some of the world’s most complex technology estates. Learn more on dxc.com.

Media Contact: Ashley Houk-Temple, DXC Technology, ashley.houktemple@dxc.com

 

OiiOii AI Launches AI Music Video Creator That Turns Songs Into Fully Produced Music Videos in Minutes

New end-to-end AI workflow analyzes music, understands lyrics, builds storyboards, generates cinematic visuals, and delivers professionally edited music videos in one creative process

LOS ANGELES, Aug. 5, 2026 /PRNewswire/ — OiiOii AI, the AI-powered creative platform designed to help creators produce professional-quality content with teams of intelligent AI agents, today announced the launch of its AI Music Video feature—an end-to-end production system that transforms a song into a complete, professionally produced music video in minutes.


Feed it a song. OiiOii AI hears the structure, the emotion, the rhythm, the lyrics, and turns it into a complete visual story.

Unlike traditional AI video tools that generate isolated clips from text prompts, OiiOii listens to an entire song, analyzes its musical structure, emotional tone, rhythm and lyrics, then automatically develops a complete visual narrative. The platform generates the script, storyboard, character and scene assets, cinematic camera direction, video sequences and post-production elements—including subtitles, effects and color grading—within a single integrated workflow, while giving creators full editorial control throughout the process.

“Creating a compelling music video has traditionally required an entire production team—from directors and storyboard artists to editors and motion designers,” said NaoNao, founder of OiiOii AI. “We wanted to build an AI creative partner that understands music first, then translates that understanding into cinematic storytelling. OiiOii doesn’t simply generate video—it interprets the song.”

The AI Music Video feature supports three distinct creative modes, each optimized with its own visual language and production logic:

Narrative for story-driven cinematic music videos

Abstract for experimental, artistic, and dreamlike visual expression

Performance for artist-focused videos designed around live performance and music promotion

The platform’s AI agents orchestrate every stage of production, including:

  • Intelligent analysis of the complete song
  • Automatic scene segmentation and storyboard development
  • AI-generated scripts and visual direction
  • Character and environment creation
  • Cinematic video generation with dynamic camera movement
  • Built-in editing with subtitles, visual effects, and color grading
  • Final rendering and export

The result is a polished first cut that can be produced in approximately three minutes, dramatically reducing production time while preserving creative flexibility.

OiiOii has already partnered with musicians, DJs, and independent artists to produce custom AI music videos for original releases, live performances, and online promotion. Recent projects include a narrative music video created for a DJ’s album launch, a cinematic visual experience for an original electronic music track by a Stanford University musician, and performance visuals tailored to each artist’s individual style and creative vision.

Beyond music videos, the technology demonstrates the broader potential of agentic AI for creative production—where specialized AI agents collaborate across scripting, visual design, animation, and editing to complete sophisticated creative projects from beginning to end.

The AI Music Video feature is the latest addition to OiiOii’s growing suite of AI-powered creative tools designed to empower filmmakers, musicians, marketers, brands and creators to transform ideas into professional content faster than ever before.

For more information, visit https://www.oiioii.ai/ and to demo, visit https://bit.ly/4vXD9qJ

About OiiOii AI

OiiOii AI is the world’s first AI animation agent platform, built to democratize animation creation and put the power of filmmaking directly in creators’ hands. Founded in 2025, OiiOii enables a single creator to guide the entire animation production pipeline while keeping full creative control in human hands. By streamlining complex production workflows, OiiOii serves as a creative partner, helping filmmakers, studios, and independent creators bring high-quality animated stories to life more efficiently. OiiOii is on a mission of creative equality — to empower 100 million people by 2030 to create their own animations and games.

Learn more at • Instagram @oiioii_ai • YouTube @OiiOii_AI• X @OiiOii_AI.

Media Contact:

Big Picture PR
Amy Cunha
amy@bigpicpr.com
415-350-3154

HOGI.AI
Sherry Liu
sherry@hogi.ai
626-975-8455

First Phosphate Signs Agreements for $4.84 Million Non-Repayable Contributions with the Government of Canada for Road Infrastructure and Power Transmission Line

Saguenay, Québec – Newsfile Corp. – August 5, 2026 – First Phosphate Corp. (CSE: PHOS) (OTCQX: FRSPF) (OTCQX ADR: FPHOY) (FSE: KD0) (“First Phosphate” or the “Company“) is pleased to announce that it has finalized additional agreements for a total of $4.84 million non-repayable contributions from the Government of Canada through Natural Resources Canada’s (“NRCan”) First and Last Mile Fund (“FLMF”) for the development of the Bégin-Lamarche Phosphate Deposit.

These contributions for $4.84 million comprise two components (power transmission infrastructure and road infrastructure) and build, in addition, to the $16.7M in funding already made available by NRCan in March 2026 through the Global Partnerships Initiative to support the advancement of First Phosphate’s Bégin-Lamarche deposit.

Power Transmission Line for the Sustainable Development of the Bégin-Lamarche Phosphate Deposit

First Phosphate will conduct a study to confirm the viability of clean energy infrastructure, including site selection and the identification of connection corridors, a feasibility study, and the design of a 161-kV transmission line and substations in the Saguenay-Lac-Saint-Jean region. The Project will include technical analyses, cost estimates, environmental studies, and public and Indigenous consultation. The total non-repayable contribution for this project will be approximately $3.07 million.

Road Infrastructure for the Responsible Development of the Bégin-Lamarche Phosphate Deposit

First Phosphate will carry out the preparatory work necessary for the construction of a new access road and will identify the preferred option for upgrading bypass roads to support transportation between the Bégin-Lamarche phosphate mine and regional infrastructure, including rail links and the Port of Saguenay. The Project will include pre-feasibility and feasibility studies (technical, environmental, and economic), design of the work, required environmental studies, as well as a traffic analysis and public and indigenous consultation. The total non-repayable contribution for this project will be approximately $1.77 million.

“Canada has what the world wants, and we are building the infrastructure required to get those resources to diverse markets,” said the Honourable Tim Hodgson, Minister of Energy and Natural Resources. “Investments like these help unlock our full potential by connecting projects to the infrastructure they need to move forward – creating jobs, strengthening supply chains and delivering lasting prosperity for Quebec and Canada.”

“Canada and Quebec have an opportunity to become a reliable supplier of the critical minerals the world needs for the technologies and industries of the future,” said Claude Guay, Parliamentary Secretary to the Minister of Energy and Natural Resources. “We are supporting critical minerals projects in Saguenay-Lac-Saint-Jean and beyond to strengthen Canadian supply chains, create economic opportunities, and build Canada Strong.”

“This support from the Government of Canada for First Phosphate sends a strong message to our investors and partners in Quebec, Canada, and internationally,” said Armand MacKenzie, President of First Phosphate. “It reinforces confidence in our ability to carry out this strategic mining project and deliver our high-purity igneous phosphate to the market on schedule.”

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8917/308103_fpen.jpg

These projects will support the production of critical minerals in the Saguenay-Lac-Saint-Jean region of Quebec and address gaps in clean energy and transportation infrastructure that limit the production and expansion of critical minerals in the Saguenay-Lac-Saint-Jean region of Quebec. The financial contribution covers eligible activities planned through 2030, in accordance with the terms of the agreement.

Qualified Person

The scientific and technical disclosure for First Phosphate included in this news release has been reviewed and approved by Steeve Lavoie, P.Geo. Mr. Lavoie is Chief Geologist of First Phosphate and a Qualified Person under National Instrument 43-101 – Standards of Disclosure of Mineral Projects (“NI 43-101”).

About Natural Resources Canada
Natural Resources Canada (“NRCan”) is the federal department responsible for developing policies and programs to ensure the sustainable and responsible development of Canada’s natural resources. Through its initiatives and funding programs, including the First and Last Mile Fund, NRCan supports projects that contribute to stronger supply chains, industrial innovation, and Canada’s competitiveness in the energy, mining and forest products sectors.

About First Phosphate Corp
First Phosphate (CSE: PHOS) (OTCQX: FRSPF) (OTCQX ADR: FPHOY) (FSE: KD0) is a mineral exploration and development and clean technology company dedicated to building and reshoring a vertically integrated mine-to-market supply chain for the production of LFP batteries in North America. Target markets include energy storage, data centers, robotics, mobility, and national security.

First Phosphate’s flagship Bégin-Lamarche property, located in Saguenay-Lac-Saint-Jean, Québec, Canada, represents a rare North American igneous phosphate resource producing high-purity phosphate characterized by very low levels of impurities.

For further information, please contact:
Armand MacKenzie
President
Tel: +1 (514) 618-5289

Investor Relations: investor@firstphosphate.com
Media Relations: media@firstphosphate.com
Website: www.FirstPhosphate.com

Follow First Phosphate:
X: https://x.com/FirstPhosphate
LinkedIn: https://www.linkedin.com/company/first-phosphate

Forward-Looking Information and Cautionary Statements
This release includes certain statements that may be deemed “forward-looking information”. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. In particular, this press release contains forward-looking information relating to, among other things: completion and results of studies preparatory work, and the future production of critical minerals and the benefits arising therefrom.

Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, development and exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions that engineering and construction timetables and capital costs for the Company’s, exploration, development and expansion projects are correctly estimated and not affected by unforeseen circumstances; the ability to obtain financing for its proposed operations on acceptable terms; no material deterioration in general business and economic conditions; no material delays in obtaining permits and other approvals; no significant disruptions affecting the activities of the Company or its ability to access required project equipment and services, and operating supplies in sufficient quantities and on a timely basis; inflation and prices for Company project inputs being approximately consistent with anticipated levels; the ability to complete the exploration and development programs consistent with the Company’s expectations; commodity price expectations including assumptions for P2O5; the Company’s relationship with local municipalities and First Nations remaining consistent with the Company’s expectations; the Company’s relationship with other third-party partners and suppliers remaining consistent with the Company’s expectations; and government relations and actions being consistent with Company expectations. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. The Company does not assume any obligation to update or revise its forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. All forward-looking information contained in this release is qualified by these cautionary statements.

The issuer is solely responsible for the content of this announcement.

Wizstar Among the First to Integrate Seedance 2.5

NEW YORK, Aug. 5, 2026 /PRNewswire/ — Wizstar will be among the first platforms to integrate Seedance 2.5, bringing the next generation of AI video creation to creators and enterprises. As AI video technology continues to evolve, users are demanding longer, higher-quality, and more controllable video generation. The integration of Seedance 2.5 will further expand Wizstar’s AI video capabilities, giving users early access to one of the industry’s latest video generation models.


Seedance 2.5 on Wizstar

As an all-in-one AI content creation platform built for enterprise, Wizstar combines AI video generation, AI avatars, real-time interactive avatars, and AI live streaming to help businesses streamline content creation and scale AI across marketing, customer service, training, and live commerce. By continuously integrating leading AI models, Wizstar enables creators and enterprises to access advanced AI capabilities within a single platform.

Seedance 2.5 introduces significant improvements in long-form video generation, multimodal understanding, prompt accuracy, and overall visual quality, enabling more natural, efficient, and reliable AI video creation. Once integrated with Wizstar, users will be able to create high-quality videos more efficiently while taking advantage of the platform’s end-to-end AI content creation workflow.

Beyond video generation, Wizstar also supports Image-to-Video, multilingual video generation, Lip Sync, Product to Video, Text to Video, real-time interactive AI avatars, and enterprise APIs, allowing businesses to seamlessly integrate AI capabilities into their own products and workflows. Today, Wizstar’s solutions are already used by leading brands including Samsung, Midea, and FAW-Volkswagen to improve content production efficiency and enhance customer engagement.

With the upcoming Seedance 2.5 integration, Wizstar is launching a limited-time early access program. Users can unlock Seedance 2.5 by paying US$0.99 or by subscribing to any Wizstar membership plan, and receive a minimum of 30‑seconds of video generation credits as a bonus.

Wizstar will continue integrating leading AI models and expanding its platform capabilities to provide creators and enterprises with a more open, efficient, and comprehensive AI content creation experience.

For more information about the upcoming Seedance 2.5 integration and the latest Wizstar product updates, please visit https://wizstar.com/