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/Not for dissemination or distribution United States And it is not distributed to the US News Service. /
(Unless otherwise stated, all financial data are in U.S. dollars)
Brisbane, Australia, July 16, 2021 / CNW /-OceanaGold Corporation (Toronto Stock Exchange:OGC) (ASX: OGC) (the “Company”) is pleased to announce preliminary production and costs as of this quarter June 30, 2021The company will release its complete financial and operating results for the second quarter and first half of 2021 after the Toronto Stock Exchange market closes. Thursday, July 29, 2021 (Toronto, Eastern Daylight Time).
Main highlights
- Consolidated production of 177,039 ounces of gold at all maintenance costs in the first half of 20211 (“AISC”) 1,227 USD Sales of 178,781 ounces of gold per ounce.
- AISC’s consolidated gold production for the second quarter was 93,848 ounces 1,226 USD 95,934 ounces of gold are sold per ounce.
- Haier’s quarterly gold production in the second quarter was 57,240 ounces, and it has produced 101,581 ounces so far this year.
- Total amount of immediate available liquidity US$142.3 million, Including 92.3 million USD Cash and 50 million USD Among the available undrawn credit lines.
- Waihi’s continuous milling operations resumed and production is carried out at Martha Underground.
- The Philippine National Government has renewed Didipio’s Financial or Technical Assistance Agreement (“FTAA”).
Michael Holmes, President and CEO said: “We achieved better operating results across our entire investment portfolio in the second quarter and are also advancing our organic growth projects. Haier achieved record production in the second quarter. Reflects the continuous improvement in productivity and the expected increase in feed grade. As mentioned earlier, we are also very pleased to appoint David London Served as the executive general manager of Haile Operations. He has 35 years of experience in the mining industry, focusing on mine management and optimization. ”
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1 AISC is temporary and may change as the final result is released. The on-site AISC is before the company’s general and management expenses; the combined AISC includes the company’s general and management expenses. |
“We are also pleased to confirm the successful completion of the upgrade of the Waihi SAG mill and the restart of continuous grinding operations. As we continue to strengthen Martha Underground and advance the Greater Waihi area through exploration and permitting, we are in our realization of the huge Potential goal approach.”
“With Didipio’s FTAA renewal for another 25 years, we expect to restart operations in phases in the next few weeks. Our top priority is to re-employ and retrain our outstanding Filipino workforce, transport and monetize finished goods inventory on site. After that. Restarting beneficiation, gold and copper production will restart the use of existing stocks, and this cash flow will fund the working capital requirements of underground development. We currently expect to achieve a full underground mining rate of 1.6 million tons per year within 12 months After that, it will produce about 10,000 ounces of gold and 1,000 tons of copper per month. We expect to provide a comprehensive update on Didipio’s restart plan in the next few weeks.”
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For the quarter ending June 30, 2021 |
Haier |
Di Di Pio |
Waihi |
McRae |
Comprehensive |
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Second quarter of 2021 |
The second quarter of 2020 |
||||||
|
Gold production |
Koz |
57.2 |
—— |
3.9 |
32.7 |
93.8 |
58.7 |
|
Gold sale |
Koz |
59.3 |
—— |
3.4 |
33.2 |
95.9 |
61.9 |
|
Average gold price |
USD/oz |
1,825 |
—— |
1,799 |
2,024 |
1,893 |
1,523(1) |
|
Copper production |
Thousand tons |
—— |
—— |
—— |
—— |
—— |
—— |
|
Copper sales |
Thousand tons |
—— |
—— |
—— |
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The full story on Benzinga.com
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