Earnings call transcript OceanaGold Corporation (OCANF) CEO Michael Holmes on Q2 2021 Results - Earnings Call Transcript
https://seekingalpha.com/article/4443762-oceanagold-corporation-ocanf-ceo-michael-holmes-on-q2-2021-results-earnings-call-transcript?source=copyToPasteboard
Didipio cash positive while ramp up
Two to three years until 650000 ounces / year
no guidance about the WKP project, feasibility study in 2022, pending permits, a lot of drilling and exploration at present
no M&A activities planned (core competence of the two new directors)
the Climax of capex spending has already happened (95 Mio. US$ in the second quarter)
no comment on the exit of Whittacker
one third of the Didipio workforce has already been rehired
macraes is expected to perform better in the second half of the year
60 Mio US$ concentrate to be sold end of third and mainly in the fourth quarter, contributing to a positive cashflow of Didipio in the restart phase
the Haile issues with PAG are addressed blurredly
31000 ounces of the presales deal were delivered in the second quarter, the deal is now completely done