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US Gold Producer Boosts Output 27% in Q2

Stockhouse Editorial
1 Comment| July 16, 2021

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OceanaGold Corporation (TSX: OGC) reported on Friday that gold production in the first half of 2021 was 27% higher than the same period in 2020, and it pointed to improved performance at its Haile project on the East Coast in the Carolinas as one of the main reasons.

The gold producer released its preliminary production and costs for Q2 2021 and also said that incremental production from its Waihi project in New Zealand including the Martha Underground development, and limited impacts from COVID-19 led to 177,039 ounces of gold produced in the first half of the year, including 93,848 ounces in Q2.

The Company ended the second quarter with $92.3 million in cash and $142.3 million in liquidity, including $50.0 million in undrawn credit facilities.

OGC will release its complete second quarter and first half 2021 financial and operational results after TSX market close on Thursday July 29, 2021.



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