OceanaGold Corp T.OGC

Alternate Symbol(s): OCANF

Metals & Mining Gold

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

OceanaGold Corp

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Post by MiningMonsteron Jan 25, 2011 10:30am

388 Views

Post# 18022292

Institutional buyers spotted

Guys,

There are a number of funds and also Goldman Sachs is aggressively buying around these lows, looks like the bottom is officially in. We are buyers today preferring to be aligned with Goldman, Merrill and company.

Keep in mind that this political sabre rattling is pretty much the norm for these type of foreign operations. The stock has way over shot to the downside and the institutions are strong buyers at these levels. GLTA

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