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Bullboard - Stock Discussion Forum 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... see more

TSX:OGC - Post Discussion

OceanaGold Corp > CEO fired
View:
Post by Elvis436 on Sep 08, 2021 4:52am

CEO fired

https://ogc.irmau.com/site/PDF/6399b0da-5b07-4ce1-8b78-5b51439223d3/OceanaGoldAnnouncesManagementChanges


I guess due to the Capital increase and the handling of the Didipio staff.

Comment by DirkStHouse on Sep 08, 2021 6:56am
can you explain "handling didipio staff " ?
Comment by Elvis436 on Sep 08, 2021 1:15pm
Holmes should have dismissed the staff immediately after becoming the CEO or keep the staff until the FTAA was there. So he is responsible that the issue costs the company the most. Either immediately get rid of the whole staff (what did it cost to pay all salaries per month? 10 Mio?) after suspension - may have spared 100 Mio until 5/21 or more  or keep a poker face and keep the staff ...more  
Comment by Awarded on Sep 08, 2021 1:52pm
Holmes was either fired for some reason or he had a personal reason that required him to depart immediately. The press release says it was a difficult decision for him to leave OceanaGold.  Involutary leaving is a difficult decision, one maybe he did not want.   It is now Sept 9 in Australia.  His resignation was effective September 8.  That is not an orderly or planned ...more  
Comment by Unicorn9000 on Sep 08, 2021 2:34pm
He was clearly fired with dignity. CEOs come and go you just hope better days are ahead. nothing but problems lately 
OceanaGold Corp