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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 Jul 29, 2022 12:32am
171 Views
Post# 34859118

RE:OCEANAGOLD REPORTS SECOND QUARTER 2022 FINANCIAL RESULTS

RE:OCEANAGOLD REPORTS SECOND QUARTER 2022 FINANCIAL RESULTSIt's a high risc small cap low profit company know with industry record high AISC. They should shut down Waihi voluntarily, and if Gold melts down to 1350 US-$ they will have to do so with Macraes involuntarily. The PAD-issue is not solved, and the WKP - application, lodged in june, so far is no more than a vague hope. The CEO Mr. Bond's handwriting is visible in lowering costs (30 Mio reduced capex for the current year and delisting from ASX), but this by far is not offsetting the profound structural problems with the size and quality of mines the company has. So the 10 per cent declined share price on the ASX today is indicating that the results are not satisfactory.
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