OceanaGold on track to meet 2023 guidance
TSX-listed OceanaGold is on track to meet its 2023 consolidated production, cost and capital guidance, the company said on Tuesday, reporting its second-quarter results.
The miner, which operates the Haile mine in the US, the Didipio mine in the Philippines, and the Macraes and Waihi operations in New Zealand, produced 130 055 oz of gold and 3 400 t of copper at an all-in sustaining cost (AISC) of $1 318/oz during the three months ended June.
This compares with gold output of 112 300 oz and copper production of 3 800 t in the prior-year period.
Year-to-date gold production amounts to 248 200 oz, keeping OceanaGold on track to meet its 460 000 oz to 510 000 oz gold production guidance this year. Its AISC guidance is set at between $1 425/oz and $1 525/oz.
For the full year, OceanaGold is forecasting copper output of 12 000 t to 14 000 t.
"OceanaGold safely and responsibly delivered strong production outcomes at lower costs during the second quarter, generating strong free cash flow. Both New Zealand sites bounced back strongly, Didipio continued its steady performance, and we remain on schedule for first ore delivery from the Haile underground in the fourth quarter this year,” said president and CEO Gerard Bond.
The miner generated free cash flow of $72.3-million and reported revenue of $301-million.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation