11 minutes ago by MT Newswires
11:15 AM EDT, 09/21/2022 (MT Newswires) -- National Bank Financial on Wednesday reiterated its outperform/speculative-risk rating on the shares of OceanaGold (OGC.TO) with a C$3.50 price target following a presentation from company management at an investor forum.
"Tuesday afternoon, OceanaGold's President & CEO, Gerard Bond, presented at the Denver Gold Forum (DGF) Americas 2022," analyst Mike Parkin said in a note. "The presentation highlighted Oceana's potential to grow production by ~25% over the next couple of years, which is largely driven by bringing online the Haile underground mine. Copper production was signaled to be holding steady over the same time period. Mr. Bond also confirmed that the 30-day comment period for the Haile SEIS is now completed and the US Army Corp has entered a 15-day window to issue the Record of Decision (ROD), which in combination with some associated permits allows Oceana to begin developing the underground mine. On another positive note from Haile, we understand that local weather around site has been favourable over the quarter. Management continues to expect a strong Q4 to round out 2022, with Q3 proving to be a softer quarter due to grade sequencing."
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 2.06, Change: +0.07, Percent Change: +3.52
IMO
11 minutes ago by MT Newswires
11:15 AM EDT, 09/21/2022 (MT Newswires) -- National Bank Financial on Wednesday reiterated its outperform/speculative-risk rating on the shares of OceanaGold (OGC.TO) with a C$3.50 price target following a presentation from company management at an investor forum.
"Tuesday afternoon, OceanaGold's President & CEO, Gerard Bond, presented at the Denver Gold Forum (DGF) Americas 2022," analyst Mike Parkin said in a note. "The presentation highlighted Oceana's potential to grow production by ~25% over the next couple of years, which is largely driven by bringing online the Haile underground mine. Copper production was signaled to be holding steady over the same time period. Mr. Bond also confirmed that the 30-day comment period for the Haile SEIS is now completed and the US Army Corp has entered a 15-day window to issue the Record of Decision (ROD), which in combination with some associated permits allows Oceana to begin developing the underground mine. On another positive note from Haile, we understand that local weather around site has been favourable over the quarter. Management continues to expect a strong Q4 to round out 2022, with Q3 proving to be a softer quarter due to grade sequencing."
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 2.06, Change: +0.07, Percent Change: +3.52