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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

Post by Awardedon Nov 06, 2024 11:31pm
91 Views
Post# 36300239

Q3 2024 results

Q3 2024 resultsResults look good. 

134,900 oz produced, 33% higher than the average of the previous 2 quarters.  They are projecting 142,000 to 160,000 for the next quarter.  Even if they meet the higher limit, they will still be a little below their full-year guidance of 510,000 – 570,000 oz.

Revenue ($345 million) up 32% higher than the average of previous 2 quarters when the average gold price was 12% higher.  Thus, revenue improvements were not merely attributable to the increase in the price of gold.

One good sign is that Wahi joined the other mines in achieving a positive AISC margin.  Moreover, all mines had a lower AISC.

Should get a positive bounce in the stock price tomorrow.


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