With the new Haile gold operation in South Carolina ramping up, $89 million of the profit came in the fourth quarter.
Earnings for the year came in at $408 million, with net debt reduced by $88 million in the fourth quarter.
OceanaGold’s revolving credit facility was down to $200 million at the end of 2017.
The full year profit could have been $18 million higher but for an impairment reported for the company’s El Salvador misstep.
The multi-national miner paid out shareholders $12 million in dividends for the full year.
The financial results came after record annual production of 574,606 ounces of gold and 18,351t of copper.