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.

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OceanaGold Corp

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Comment by rideitouton May 07, 2020 12:41pm

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Post# 30998482

RE:Re: RE:Time to load up?

Now that the workers are laid off and Didipio placed on care and maintenance, per the article in the link below dated Feb 27, 2020:

"OceanaGold also expressed in the report that, should the renewal process be “protracted beyond current expectations” and then it transitions into full care and maintenance, “holding costs are expected to be in the order of $3 million, or P151.6 million, per quarter.”

https://angminero.com/oceanagold-faces-mounting-losses-amid-ftaa-uncertainties

I am just wondering how long OGC will hold this at a $3M per qtr loss. There must be some definitive timeline for a cut-off at some point, I would think.

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