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 DirkStHouseon Oct 13, 2020 4:08pm

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Post# 31708713

RE:RE:RE:RE:RE:RE:Cash smash

Seems my memory left me. This is what I was thinking about : ( a reply from april from IR )
I didn't look at balance sheets or numbers.
"
urther to my previous email, I neglected to mention to you in my previous email that during the conference call, $18m was referenced as the one-time cost to go into care & maintenance at Didipio. This figure was quoted incorrectly. Per my email to you, the correct figure is $7m to $8m for the one-time cost to permanently lay-off the workforce at Didipio. This cost relates to severance payments. Again, we do not require to pay this amount for 6 months or if the FTAA renewal is denied. For the next six months, our expected monthly cost is $1.5m compared to the $3.5m it was before. "

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