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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Comment by Awardedon Apr 06, 2017 6:29pm

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Post# 26088720

RE:RE:Goodbye El Dorado.

I saw that OGC sold Gold Standard shares and I had the same thought. OGC sold 2.54 million shares of Gold Standard at 3.45 per share, yielding $8.76 million. That is close to what is owed to El Salvador for the El Dorado settlement.

Incidentally, prior to the sale, OGC owned about 38 million shares at an average cost of $0.77. Now OGC has close to 36.8 million shares. The close today on Gold Standard was $2.75. Thus, OGC's sale was at an opportune time and the paper profit of Gold Standard ownership is about $2 per share (ie about $74 million). Not bad!

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