10 Aug Sponsor Spotlight: OceanaGold
OceanaGold Corporation is a multinational, mid-tier gold mining company with significant operating, development and exploration experience on a global scale. The Company owns a suite of high-quality world class assets located in the United States, New Zealand and the Philippines.
The Company is publicly listed on the Toronto Stock Exchange (TSX) and the Australian Securities Exchange (ASX) under the ticker “OGC”. It delisted from the New Zealand Stock Exchange in December 2016.
OceanaGold owns the Didipio Gold-Copper Mine on Luzon Island in the Philippines. In New Zealand, OceanaGold is the country’s largest gold miner with two significant operations: the Macraes Goldfield on the South Island; and the Waihi Gold Mine on the North Island. In December 2016, the Company announced that it would fully close and rehabilitate the Reefton operation located on the West Coast of the South Island. The Company’s newest operation is the Haile Gold Mine located in South Carolina, USA.
The Company also has a significant pipeline of organic growth and exploration opportunities within the Australasia, Southeast Asia and Americas regions. In 2016, the Company produced 416,741 ounces of gold and 21,123 tonnes of copper. The Company is a high-margin producer with All-In Sustaining Costs (AISC) of $708 per ounce and cash costs of $452 per ounce on sales in 2016.
The successful commissioning of the Haile mine underpins an expected increase in total production in 2017 of approximately 550,000 to 610,000 ounces of gold, plus copper, at an AISC of US$600-US$650 per ounce.
OceanaGold’s vision is to be the Gold Mining Company of Choice operating high quality assets and delivering superior returns in a responsible manner. The Company has a 27-year track record as a responsible miner and good corporate citizen. The Company values maintaining a collaborative relationship with all its stakeholders to identify and invest in social programs that are designed to build capacity, not dependency, beyond the mine’s life cycle.
OceanaGold is the sponsor of the 2017 Emerging River Professional Award.