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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 Elvis436on Sep 08, 2021 1:15pm
206 Views
Post# 33825312

RE:RE:CEO fired

RE:RE:CEO fired Holmes should have dismissed the staff immediately after becoming the CEO or keep the staff until the FTAA was there. So he is responsible that the issue costs the company the most.

Either

immediately get rid of the whole staff (what did it cost to pay all salaries per month? 10 Mio?) after suspension - may have spared 100 Mio until 5/21 or more 

or

keep a poker face and keep the staff (the reopening of the mine will last about 12 month, 120000 ounces of gold for competitive AISC ... the delay now costs the company about 160 Mio).

With Holmes the company has to pay both bills, one should have been enough.

It's simple arithmetic a CEO should be able to perform, a task for a MBA student. Holmes was not, it's ok to get rid of too many dull sleepers in the company. It's a good job of the new Director team, and I guess a mayor shareholder pulls the strings.
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