Why the OceanaGold Corp (ASX:OGC) share price is rising today

Gold producer OceanaGold Corp (ASX:OGC) has reported a strong quarter of operating performance across all assets.

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Gold producer OceanaGold Corp (ASX: OGC) has reported a strong quarter of operating performance across all assets with a 14% quarter-on-quarter increase to consolidated production.

The announcement revealed stronger operating performance is expected out of its US-based Haile and Phillipines-based Didipio projects – with it upping its guidance range to between 500,000 ounces and 540,000 ounces.

Oceana Gold shares have seen some volatility over the last 12 months, but positive results could see its price continue its recent upward incline, especially if complete financial results delivered on July 26 are as expected.

Elsewhere in the gold sector all eyes have been on Northern Star Resources Ltd (ASX: NST) of late after UBS labelled the gold producer and explorer as a buy with a price target of $7.50.

Shares in Evolution Mining Ltd (ASX: EVN) have continued to track up as speculative player Ramelius Resources Limited (ASX: RMS) has seen its share price climb off positive June quarter results.

Shares in emerging gold player Dacian Gold Ltd (ASX: DCN) finished July 11 down 8.3% to $3.01, after the release of a $45 million equity raising investor presentation.

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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