OceanaGold sees Philippine project boosting stock
Filed under: Mine - Didipio, Mineral - Copper, Mineral - Gold, Operator - OceanaGold
From: businessspectator.com.au
By Carmel Crimmins of Reuters
MANILA — Australian miner OceanaGold expects its Philippine gold-copper project to reinvigorate its sagging share price this year as the site moves closer to commissioning.
OceanaGold’s chief executive officer told Reuters on Tuesday that the Didipio site, around 270 kilometres (168 miles) north of Manila, was expected to be commissioned in early 2009.
“I’m quite confident that as we continue to deliver news and progress on the project you’ll start to see the share price re-rate and start to reflect the embedded value of having Didipio,” said Stephen Orr in an interview at the Melbourne-headquartered group’s Manila office.
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