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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 stockDirkon Jul 08, 2013 10:49am
140 Views
Post# 21593972

are people forgetting this hedge ?

are people forgetting this hedge ?

"The credit has come from Citibank, BNP Paribas, HSBC, Barclays, Nedbank Capital and Investec Bank (Australia), and matures at the end of June 2015.

As a condition of the credit, OceanaGold has agreed to buy "out-of-the-money put options" on about 40 per cent of its gold production at US$1400 an ounce."

Not sure if it means they are hedged till june of 2015.

from : https://www.stuff.co.nz/business/industries/7530452/Mining-firm-agrees-to-hedge-gold-price

 

Bullboard Posts