OGC PROVIDES OPERATIONS UPDATE INCLUDING DIDIPIO RESTART Didipio restart activities advancing ahead of plan:
Inventory sales well underway with 1,096 ounces of Dor sold and $25 million (or 40%) of
concentrate inventory transported to port and invoiced to date. 90% of revenue expected to be
received by mid-October.
65% of workforce expected to be in place by end the of the third quarter.
Processing and underground ore stoping both scheduled to commence in November.
2021 production guidance of 5,000 to 10,000 ounces of gold and 1,000 tonnes of copper.
2021 sales of 23,000 to 28,000 gold ounces and 3,500 to 4,500 tonnes of copper.
New Zealand operations impacted by 15-day national COVID-19 lockdown with Macraes guidance
revised to 135,000 to 145,000 gold ounces at AISC of $1,300 to $1,350 per ounce sold.
Haile technical reviews advancing, operational performance well on track to deliver full year guidance.