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 yogi33on Sep 07, 2020 6:15pm

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Post# 31518426

RE:Re:RE:manila times on didipio situation

Some napkin math:
- Didipio produces "about" 120,000 annual gold ounces @$1900/oz, and the Philippine govt gets 60%...so Philippine's get about $136 million per year from OGC.
- Philippines economy is abour $340 billion in GDP.
- OGC is about half a percent of their countries GDP.

If my math is right (never my strongest subject ), the Didipio mine is fairly material to the Philippine economy.

Someone correct my math please.

yogi...

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