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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
Comment by konzelmannon Dec 23, 2010 10:19am
454 Views
Post# 17887774

RE: more bad news...

RE: more bad news...Costs are certainly getting a little out of hand with this one.

Was taking profits on our recent pop, and now I'm going to stay out of this until the dust settles.    Looking to see if OGC heads back to the low $3's or below.  I think things would be worse today if everybody wasn't on holidays.  It's too bad, because I had high hopes for this one.  I can't predict the future, it's unfortunate that management didn't play this better.  I'm happy to take my profits and run for now.

I think possibly as gold seasonal strength comes to an end, I'm going to start looking more at some of my favorite oil stocks such as Ithaca Energy (IAE.V).  Oil high already and we're not even into the summer yet, Ithaca going to be a 20,000 boe/d producer in the next little while, tons of cash in the bank, no debt, it's a great little stock.

Also still have a small position in OMI.V which is a 55,000 oz gold producer with a PE of 5 based on current earnings.  Their costs are OGC level, but coming down instead of up.  Great potential with a PE of 5.  I'm going to stick with that one just because of the value that's there. 

GLTA
Bullboard Posts