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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 Aug 05, 2020 10:27am
194 Views
Post# 31366468

Don’t sell too cheap

Don’t sell too cheapToday a popular German magazine "Focus Money" wrote: "In 2021 a production of 500000 ounces (without Didipio) at a cost ratio declining from 788 to 649 US$ (obviously they don't refer to the AISC, cash costs??) seems possible. With the comissioning of Waihi a broadening production in the coming years can be expected." They calculate current reserves of 5,3 Mio ounces, and earnings per share in the positive for 2021 in several models POG:
1600 US$ 0,28, 1900 US$ 0,44, 2100 US$ 0,56 and 3000 US$ 1,06.

With this optimistic view without Didipio the shareprice should be able to climb between 7 and 18,75 CAD$ at a 15 gold price/earnings ratio, maybe this ratio climbs to 30, which was seen for gold stocks in 2007. If Didipio comes online again, I guess you can add a further 25% to these share price estimates.
Bullboard Posts