OceanaGold Corporation
OceanaGold Corporation
Full text is available to Level 2 subscribers only
Subscribe to Mining Business Media
Full access to Mining Business Media's unique blend of global mining sector news and commentary is available by subscription only.
$A275.00 per year*
(*up to 10 users)
GST included in Australia
Direct debit/cheque/credit card:
Click here
Subscription inquiries, email subscribe@miningbusiness.net or call 61+413 772 044.
Related Content
Unlisted explorer Federation Mining is targeting potential first gold production in 2024 as it advances on mineralisation beneath the historic operations at the Snowy River gold mine in New Zealand’s Reefton goldfield.
Precious metals explorer Santana Minerals has struck what appears to be the sweet spot at the Bendigo-Ophir project in New Zealand’s Central Otago goldfields, one of the few bright lights for gold exploration across the Tasman.
Experienced mining journalist and commentator Ross Louthean, a long-time observer of the New Zealand minerals industry, explores the current and past influences behind Santana Minerals' drilling successes on the historic Bendigo-Ophir district in Otago.
(TRADING)
International miner OceanaGold has signalled its intention to transfer its corporate headquarters from Brisbane in Australia to Vancouver in Canada following its decision to delist its shares from the ASX. Ross Louthean reports
International miner OceanaGold has reaffirmed its FY2022 consolidated gold production guidance of 445,000-495,000oz after posting June qtr (Q2) output of 112,296oz, down from 134,035oz in the previous period. Copper production was 3,800t (Q1: 3,500t), prompting a guidance lift to 12,000-14,000t.
Q2 AISC rose to $US1,430/oz ($1,084/oz), resulting in OceanaGold raising its FY forecast by 7.5% to $1,475/oz due to higher costs and lower by-product credits due to lower copper prices.
Higher sales volumes coupled with higher average gold and copper prices have enabled international miner OceanaGold to more than double its attributable NPAT for the six months to end-June (H1FY2022) to $US98M, from $47.4M a year earlier.
The result was achieved on revenue from ordinary activities of $515.1M (H1FY2021: $331.5M).
Its stronger profit was also boosted by the revival of operations at its Didipio mine in the Philippines, offsetting higher costs of sales, depreciation and administration.
New Talisman shareholders have backed a $3.5M capital raise and recovery plan to advance its long-delayed plans to reopen its historic gold mine in New Zealand’s Coromandel Peninsula.
Ross Louthean reports
Siren Gold has taken a further step towards its ambition of following in the footsteps of New Zealand’s only major gold producer, OceanaGold, with this month’s acquisition of the Sams Creek gold project at Golden Bay in the NW South Island.
But commentator Ross Louthean warns it will need to spend big and well on the historic mining area to meet mining status.
(COMMENTARY)
An investor presentation last week by Australian explorer Siren Gold shows it is hoping to walk in the footsteps of New Zealand’s only major gold producer, OceanaGold Corporation. By Ross Louthean
International gold miner, Australia-based OceanaGold has lifted Mar 2022 qtr (Q1 22) net profit to $US78.6M from Q1 21’s $16M, fuelled by a record 42% production qtr-on-qtr jump to 60,249oz at Haile in the US and a solid qtr at Didipio, in the Phillipines, partially offset by decreased output at Waihi, New Zealand.