Wednesday, August 9, 2017

OceanaGold Corporation - OGC.t

OceanaGold Corporation - OGC.t has built a strong business in New Zealand, operating three mines – Macraes Open Pit, Frasers Underground and the Reefton Open Pit mines. Production from the high grade gold-copper Didipio Project in the Philippines commenced in 2013.

On July 30, 2015 the company released News

Key Highlights
 Consolidated production of 272,352 ounces of gold and 10,277 tonnes of copper in the first half of 2017, including 124,396 ounces of gold and 4,322 tonnes of copper in the second quarter.
 Consolidated year-to-date All-In Sustaining Costs of $599 per ounce on sales of 228,214 ounces of gold (excluding Haile) and 9,976 tonnes of copper.
 Consolidated second quarter All-In Sustaining Costs of $681 per ounce on sales of 114,192 ounces of gold (excluding Haile) and 5,828 tonnes of copper.
 First half revenue of $333.5 million with EBITDA of $186.4 million and a net profit of $61.4 million.
 Second quarter revenue of $171.7 million with an EBITDA of $84.7 million and a net profit of $25.4 million.
 Completed the Haile Optimisation Study which demonstrated significant value enhancement through increased production and cash flows over a longer mine life and a 70% increase in total reserves.
 Immediate liquidity of $126.8 million including $81.6 million in cash, excluding $71.6 million of marketable securities held in strategic investments.

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http://pennystockjournal.blogspot.com/2014/07/oceanagold-corporation-ogct.html





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