Australian miner OceanaGold Corp. on Friday reported a net profit of $6.9 million in the third quarter of the year, reversing a net loss of almost $1 million in the second quarter this year, although earnings for the nine months fell by half from a year ago.

In a report, OceanaGold said that the return to profitability in the third quarter came on the back of strong metals output from its Didipio copper-gold mine in the Philippines and attributable production from the Waihi gold mine in New Zealand, which the company acquired from Newmont Mining in July 2015.

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