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MELBOURNE, Dec. 20, 2013 /CNW/ - OceanaGold Corporation (ASX: OGC) (TSX: OGC) (NZX: OGC) (the "Company") announces the maturity and repayment of the December
2013, 7% convertible bond.
The principal amount of A$110 million has been repaid in full and was
financed through cash and the term facility specifically provided for
this repayment which was put in place and announced on 21 August 2012.
The term facility was provided by a multinational banking syndicate
made up of Citibank N.A, Barclays Bank plc, BNP Paribas, HSBC and
Nedbank Capital.
The Company has no outstanding convertible bonds.
About OceanaGold
OceanaGold Corporation is a significant multinational gold producer with
mines located on the South Island of New Zealand and in the
Philippines. The Company's assets encompass New Zealand's largest gold
mining operation at the Macraes goldfield in Otago which is made up of
the Macraes Open Pit and the Frasers Underground mines. Additionally,
on the west coast of the South Island, the Company operates the Reefton
Open Pit mine. The Company's Didipio Mine in northern Luzon,
Philippines commenced commercial production on April 1, 2013 and is
expected to produce 100,000 ounces of gold and 14,000 tonnes of copper
per year on average over an estimated 16 year mine life. OceanaGold
expects to produce 285,000 to 325,000 ounces of gold in 2013 from the
New Zealand and Philippine operations combined and 18,000 to 20,000
tonnes of copper in 2013 from the Philippine operations.
OceanaGold is listed on the Toronto, Australian and New Zealand stock
exchanges under the symbol OGC.
Cautionary Statement
Statements in this release may be forward-looking statements or
forward-looking information within the meaning of applicable securities
laws. Any statements that express or involve discussions with respect
to predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance (often, but not always,
using words or phrases such as "expects" or "does not expect", "is
expected", "anticipates" or "does not anticipate", "plans", "estimates"
or "intends", or stating that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be achieved) are
not statements of historical fact and may be forward-looking
statements. Forward-looking statements such as production forecasts are
subject to a variety of risks and uncertainties which could cause
actual events or results to differ materially from those reflected in
the forward-looking statements. They include, among others, the
accuracy of mineral reserve and resource estimates and related
assumptions, inherent operating risks and those risk factors identified
in the Company's most recent Annual Information Form prepared and filed
with securities regulators which is available on SEDAR at www.sedar.com under the Company's name. There are no assurances the Company can
fulfil such forward-looking statements and, subject to applicable
securities laws, the Company undertakes no obligation to update such
statements. Such forward-looking statements are only predictions based
on current information available to management as of the date that such
predictions are made; actual events or results may differ materially as
a result of risks facing the Company, some of which are beyond the
Company's control. Accordingly, readers should not place undue
reliance on forward-looking statements. The information contained in
this release is not investment or financial product advice.
SOURCE OceanaGold Corporation
