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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

Post by psych01on Jan 18, 2021 12:13pm
201 Views
Post# 32320241

Re:didipio

Re:didipioDirk--very encouraging language for sure; I think it more important, or equally as important, that the language from resistance groups has changed from implying that they have been successful in preventing the FTAA ---to sort of resigning themselves to the reality of mining being part of the Philippine economic recovery plans (basically the whole world as well) post covid.  Note in the article I posted from Mining Watch Canada, stating that there is no 'social license' to operate.  In fact the opposite is true---the vast majority of people in the vicinity of Didipio are in favour of Oceana getting the FTAA--for obvious economic and social reasons.
       With respect to the gradual restart Oceana is appropriately cautious; it will be time consuming and expensive..However, Oceana has the new credit facility from big established lenders and although cash flow has been significantly hindered, there is some organic cash.  Should POG remain above $1800 things will only get better as 2021 progresses.  IMO
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