OceanaGold Corporation
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Local blockade halts OceanaGold’s Didipio mine in the Philippines
OceanaGold (TSX: OGC; ASX: OGC) has suspended underground mining at its Didipio gold-copper mine on the island of Luzon in the Philippines due to restraints imposed by the provincial government of Nueva Vizcaya. Local government units have impeded access to the…
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American Pacific signs JV with OceanaGold
In its fourth joint-venture deal in Nevada over the last six months, OceanaGold (TSX: OGC; ASX: OGC) will invest US$4 million over the next four years to earn a 51% stake in American Pacific Mining’s (CSE: USGD; US-OTC: USGDF) Tuscarora…
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EXPLORATION: The Americas, West Africa and Australasia remain popular
While gold miners have been making substantial profits in recent quarters thanks to rising gold prices and better operational and financial discipline, they continue to seek new ounces via the drill bit to fill their production pipeline. Below is look…
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GOLD: OceanaGold tables resource at WKP prospect
NEW ZEALAND – OceanaGold of Melbourne, Australia, has tabled a maiden resource at its WKP gold prospect, 10 km north of its Waihi gold mine in New Zealand. WKP’s East Graben vein contains 410,000 indicated tonnes grading 18 g/t gold and…
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GOLD: OceanaGold forecasts similar production, slightly higher costs for 2019
AUSTRALIA – OceanaGold says its mines in the Philippines, New Zealand and the U.S. will produce a total of between 500,000 and 550,000 oz. of gold and 14,000 to 15,000 tonnes of copper this year at all-in sustaining costs (AISC) ranging…
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GOLD: OceanaGold drills high grade gold at Martha
NEW ZEALAND – OceanaGold has announced new high grade gold intersections from its Martha gold project at its Waihi gold mine in New Zealand. The company will include the latest results in an underground resource model for Martha it will release…
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Global Gold Snapshot: Nine explorers and miners pushing forward with new projects
With gold prices remaining strong over the past couple of years and showing no signs of abating, gold exploration and mine development are in high gear, with substantial projects and new mines underway across the globe. Here is a look…
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OceanaGold, B2Gold scramble as Philippines gov’t may suspend 20 more mines
VANCOUVER — The socio-political situation in the Philippines is volatile for miners following the conclusion of a national mining audit by president Rodrigo Duterte’s newly elected administration. On Sept. 27, environment secretary Regina Lopez revealed that 20 more metallic mines in the…
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Goldcorp invests in Gold Standard Ventures
Goldcorp (TSX: G; NYSE: GG) has become the second gold miner in less than a year to take a strategic stake in Gold Standard Ventures (TSXV: GSV; NYSE: GSV) and its Railroad land package in Nevada. The gold major is acquiring 16.1 million…
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OceanaGold to buy Romarco for $856M
OceanaGold (TSX: OGC; ASX: OGC) is offering to buy Romarco Minerals (TSX: R) in an all-share $856 million deal to secure low cost growth with the junior’s Haile gold mine, which is currently under construction.
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GOLD: OceanaGold-Romarco fusion to create low cost producer
MELBOURNE, Australia, and TORONTO – OceanaGold Corp. and Romarco Minerals have agreed to a deal that will see OceanaGold acquire all of the issued and outstanding Romarco common shares. The all-share deal puts a value of about C$856…
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OceanaGold is firing on all cylinders
There aren’t many companies in the mining sector these days that are able to pay off large chunks of debt from operating cash flow and embark on sizable acquisitions at the same time. OceanaGold (TSX: OGC) is one of them.