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 > What do you think of the 2nd qtr financials.

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Comment by Esther1on Jul 30, 2021 6:05pm

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Post# 33635963

RE:RE:RE:What do you think of the 2nd qtr financials.

My view is 2nd quarter was good.
I would tend to lean towards BMO valuation (yesterday) of 3.25 at current gold price.
I am sure if things continue smotthly at Didipio and remainder of mines progress as forecast then OGC price will increase significantly from there. Lot of 'if' there, and company must prove
itself over at least 4 quarters, but doing well so far this year.
Largest hurdle I see with this company is that it uses its cash flow as fast as it makes it.
We need FREE cash flow to buy back shares, pay dividends, payback debt, etc.
Hopefullly this will happen later next year.

I am positive on stock and market agrees somewhat ,as stock up reasonably strong, on a down day for gold.

07.29.21

Buy

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