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OceanaGold Corp T.OGC

Alternate Symbol(s):  OCANF

OceanaGold Corporation is an intermediate gold and copper producer. It has a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand. The gold, copper, and silver it produces are essential to the renewable energy and transport sectors, life-saving medical devices and technology which connects communities around the world. The Didipio gold and copper mine is in Luzon, Philippines. It produces gold and silver as dore bars and copper in concentrate. The Macraes Operation on the South Island of New Zealand is an active gold producing mine. The operation includes a large-scale surface mine, an underground mine, and an adjacent process plant inclusive of an autoclave for pressure oxidation of the ore. Its Waihi Operation in the North Island of New Zealand is an underground operation. The Haile Gold Mine, located in Kershaw, South Carolina, is a gold mine on the East Coast.


TSX:OGC - Post by User

Bullboard Posts
Post by Bobwinson Jul 30, 2009 10:22am
511 Views
Post# 16178146

Big numbers!

Big numbers!OGC had the previously reported 20.4 million cashflow from selling 75,319 oz in Q2.  This was down slightly from Q1 due to a 3 week maintenance shutdown.  Earnings were impacted by a huge hedge gain of almost 50 million.$0$0$0$0FD eps was .21 compared to.05 in Q1$0$0$0$0$0earnings after income tax and before gain on undesignated hedges was 5,397million compared to 10,639 in Q1.  $0$0$0$0$0Still a good qtr with ytd FD eps of .26.   We took the heat earlier for the hedges so why not enjoy the benefits when it goes the other way!    Bobwins$0
Bullboard Posts