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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 Awardedon Feb 06, 2021 3:39pm
132 Views
Post# 32493822

Civility

CivilityWow!  Nice quality from everyone on the most recent posts.  Differing views were expressed and all of them were devoted to the prospects of OGC, not the person sending the message.

And, now an apology from Esther1 for not keeping posts “focused completely on the subject matter and not the poster.”  Nice acknowledgement!  More important, however are the following words: “We are all trying to contribute in our own ways, and as long as the criticism is based on the subject matter and not the messenger, it is valid, in my opinion.”  I endorse that.

 Let us all attempt to focus on the subject matter (OGC) and not on extraneous things like the number of shares we own, when we buy or sell, or how much we have made or lost. I am interested in reading facts about the company or thoughtful opinions about the company’s performance and prospects.

Regarding the company’s prospects at Didipio, I would like to add a fifth question to Esther1’s concerns.   

5) If the FTAA is renewed, presumably it will be for another 25 years. During that time the ore at Didipio will be depleted.  Didipio reserves at the end of 2019 were 1.26 million ounces of gold which means about 9 more years at 140,000 ounces per year. I know there are other very good sites near Didipio.  Will OGC be able to explore, develop and replace their reserves?

As well as questions of profit sharing and ability to operate unhindered by local government, I will be looking for answers about the longevity of Didipio.

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