Is OceanaGold / OGC Halal?
OceanaGold Corporation (TSX: OGC) is a global intermediate gold and copper producer operating four mines — the wholly-owned Haile Gold Mine in the US, Macraes and Waihi in New Zealand, and the 80%-owned Didipio Mine in the Philippines. The business has no verified haram lines — and the company reported no debt at quarter end, 0.0% of the ~C$8.50 billion market cap, with interest income of just ~0.60% of revenue. PASS.
The two-gate Shariah screen
Every screener on this site runs the same two gates: first, the business must be halal (no conventional insurance, banking, alcohol, gambling, weapons manufacturing, and the like); second, the financial ratios must clear (debt under roughly 33% of market cap, non-compliant income under roughly 5%).
Gate one: the business — passes
OceanaGold is a global intermediate gold and copper producer: the wholly-owned Haile Gold Mine (USA), the wholly-owned Macraes and Waihi operations (New Zealand), and the 80%-owned Didipio Mine (Philippines). No verified involvement in weapons/defence, gambling, alcohol, tobacco, pork or adult entertainment was found. Gate one: passes.
Gate two: the ratios — pass comfortably
The debt gate passes. As at June 30, 2026: the company reported no debt and an undrawn revolving credit facility, with a cash balance of US$655 million. Market cap is about C$8.50 billion (C$38.21 TSX close on September 29, 2026 × about 222.4 million shares) — putting debt at 0.0% of market cap, far below the ~33% ceiling. The income gate passes. The Q2 2026 income statement reports standalone interest income of US$3.9 million against revenue of US$647.3 million — ~0.60% of revenue, far below the ~5% ceiling. (Interest expense and finance costs of US$4.6 million is a separate line and is not counted as income.) Gate two: passes.
What other screeners say
No publicly verifiable rating for OGC was found on Zoya, Musaffa, or ShariaPortfolio — their assessments, if any, sit behind apps or APIs and could not be confirmed. No rating is reported here.
The bottom line
This screener gives OceanaGold Corporation (TSX: OGC) a PASS. Gold and copper mining has no verified haram lines, debt is 0.0% of market cap, and interest income is ~0.60% of revenue — both far below the ceilings. Snapshot dated September 29, 2026; re-checked quarterly after earnings.
The purification angle: even on a PASS, interest income of ~0.60% of revenue means a small non-compliant share — run the purification calculator to estimate it on any dividends or gains.
Frequently asked questions
Is OceanaGold stock halal?
This screener gives OceanaGold Corporation (TSX: OGC) a PASS. The gold and copper miner (Haile in the US, Macraes and Waihi in New Zealand, Didipio in the Philippines) has no verified haram business lines, and the ratios clear comfortably: the company had US$0 in debt at quarter end — 0.0% of the ~C$8.50 billion market cap — and interest income of US$3.9 million is about 0.60% of quarterly revenue.
What are OceanaGold's debt and market-cap figures?
As at June 30, 2026 (Q2 2026): the company reported no debt and an undrawn revolving credit facility, with a cash balance of US$655 million. Market cap is about C$8.50 billion (C$38.21 TSX close on September 29, 2026 × about 222.4 million shares). The debt-to-market-cap ratio is 0.0% — far below the ~33% ceiling.
Does OceanaGold earn interest income?
A small amount, explicitly disclosed. The Q2 2026 income statement reports standalone interest income of US$3.9 million against revenue of US$647.3 million — about 0.60% of revenue, far below the ~5% ceiling. (Interest expense and finance costs of US$4.6 million is a separate line and is not counted as income.)
Do any third-party screeners cover OceanaGold?
No publicly verifiable rating for OGC was found on Zoya, Musaffa, or ShariaPortfolio — their assessments, if any, sit behind apps or APIs and could not be confirmed. No rating is reported here.
What could change OceanaGold's halal screener?
Drawing on the revolving credit facility or taking on new debt for expansion could push debt-to-market-cap toward the ~33% ceiling — it sits at 0.0% today. Interest income rising above roughly 5% of revenue would also change the screen. This screener is a snapshot dated September 29, 2026 and is re-checked quarterly after earnings.