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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 Elvis436on Sep 13, 2019 2:34am
153 Views
Post# 30122615

Decision imminent

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.“

Bullboard Posts