Oceana looks for production boost
August 11th, 2008
Filed under: Mine - Didipio, Mineral - Copper, Mineral - Gold, Operator - OceanaGold, Region 02 - Nueva Vizcaya
From: www.odt.co.nz
By Simon Hartley
Oceana Gold’s Macraes mine operation in East Otago is going through “tough times” in an attempt to rectify a fall in ore tonnage and gold production.
The market capitalisation of the country’s largest gold producer has plummeted 85% from $A668 million to $A97 million over 14 months, following restructuring and moving its principal listing to the Toronto Stock Exchange in June 2007 - making it ripe for a takeover.
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