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 > Confused by earning statement

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Comment by Esther1on Aug 06, 2022 9:56pm

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Post# 34876779

RE:Confused by earning statement

On cursury look, I am thinking the adjustments to the NI figures were primarily from currency translation. This was a significant amount in 2nd quarter. Other than Haile, the other mines are in non US currency jurisdictions and the reporting currency is US $ .

Adjusted earnings usually reflect earnings from the operations as such, and allowances are made for things like writedowns of assets or currency valuation changes of assets etc.

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