Decision imminent „
MELBOURNE, Sept. 13, 2019 /CNW/ - OceanaGold Corporation (TSX: OGC) (ASX: OGC) ("the Company") informs the Philippines Court of Appeals in Manila (the Court) has set Wednesday 18 September 2019 as the hearing date for the Company's application for a Writ of Preliminary Injunction ("Injunction") as part of the Company's appeal against the Nueva Vizcaya Provincial Court ruling denying its request to end the unlawful restraint of operations. Since 1 July 2019, local government units from the Province of Nueva Vizcaya have impeded access to and from the mine site in response to an unlawful directive from the Governor to 'restrain any operations' of the Company. The Company maintains the regulatory authority over the Didipio Mine rests with the National Government. The Local Government Code of 1991 (Republic Act No. 7160) does not grant the power or authority to the Provincial Governor or any local government officer to restrain any aspect of the Didipio operation.
The processing plant is currently undergoing scheduled maintenance and is expected to resume operations on 24 September. The Company will then make a decision with respect to the ongoing operation of the processing plant.
The Company will provide further updates to the market on the outcome of the Injunction application, and any impact to group production and cost guidance when the information becomes available.“