OceanaGold Corp T.OGC

What's really happening?

[uggg]

 

• Full year operating cash flow of $199 million , reflecting adjusted cash flow per share of $0.22 .
• New $250 million revolving credit facility with maturity date of December 31, 2024 .
• Immediately available liquidity of $229 million , including $179 million of cash on hand.

Goin forward we have;

• 2021 production range of 340,000 to 380,000 gold ounces at AISC of $1,050 to $1,200 per ounce sold, reflecting an approximate 20% increase in production from 2020 at approximately 12% lower AISC.
• Increasing five-year production to over 500,000 ounces of gold with increasing margins on lower costs and decreasing expansionary capital investment.

And going forward is really the key. If  we take the mid range of production of 360,000 multiply it by $600 per oz [gold at $1700 minus an AISC of $1100 leaving $600 per oz] we get $216,000,000.

Can the usual critics [or anyone] give me comparable gold producers with a 1.34  billion market cap [or there abouts] with a similar profile? 
Make yourselves useful, give us some alternatives.

[tigris72poo]

And going forward is really the key. If  we take the mid range of production of 360,000 multiply it by $600 per oz [gold at $1700 minus an AISC of $1100 leaving $600 per oz] we get $216,000,000. The problem is they are proposing to spend $280 to $310 million this year so where is the FREE cash flow?

[Esther1]

Tigris, the non substaining capital cost for this year is 195000 ( mid point) Substaining capital is included in AISC. Also you must take out 40,000 ounces as they are spoken for ( forward sale from last year but they obtained 77 million for them which is still on balance sheet in cash. ( better price than can get for currently)  Gold Production Koz 340 - 380 400 - 440 420 - 460 530 - 570

[uggg]

Using Esther's numbers we'll call it a break even in 2021 with the funds put to good use growing production to 500,000 oz's.  Let's look at a market favorite like SKE. Their market cap is almost 800m & they are still drilling & years away & probably 6 - 700 million dollars away from starting & then completing construction . I think the project is good but

[uggg]

Anyway give me some comparables. If I like them I would move. I'm sure there's some interesting stuff I've been too lazy to look at.

[Miner25]

Where is the Free cash flow? First the Formula for AISC; All -in Sustaining Cost =Cash cost + Sustaining Capital + Exploration expenses + G&A expenses.  So in the case for Oceana Gold, total capital investments for the full year 2021 are expected to be $280 to $310 million and that includes: $165 to $185 growth capital         2. $85 to $110 sustaining capital&

[Tradestay]

agree, this company needed to in some way reinvent themselves to avoid the business disruption risk that they are seeing in the Philippines. 2020 and 2021 is about growing other revenue sources. If didpio gets added back thats more bonus for the 2022 and beyond story in my opinion.