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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

Comment by Awardedon Feb 12, 2021 10:40pm
136 Views
Post# 32560518

RE:Re:Gold mine fined $100,000. Toxic air pollution found.....

RE:Re:Gold mine fined $100,000. Toxic air pollution found.....
Akram123 and Psych01.

Akram123 – you bring to our attention a Feb 12 article saying OGC’s Haile operations have been fined $100,000 for:
  1. releasing excessive amounts of mercury
  2.  failing to submit pollution test results,
  3. providing misleading statements and
  4. failing to get an environmental permit.
Needless to say, that is disconcerting, especially for a company that prides itself on its ESG ratings.

 Psych01. You do not dispute the misdemeanor but claim the problem is already fixed.  You go on to question the point of Akram’s post.  I hope you are right about the problem being resolved.  However, I think Akram’s point was to bring this transgression to our attention.  I appreciate that information.  I would also appreciate more information from you about why you say the problem has been solved.

I believe OGC is an ethical and well-run. Nonetheless, I am looking for all information that supports or refutes my opinion. While I realize that any company can commit periodic errors, if a pattern emerges, I become concerned. 
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