OceanaGold posts strong half year production and exploration result
July 30th, 2010
Filed under: Mineral - Gold, Operator - OceanaGold
MELBOURNE, Australia, July 29 /CNW/ - OceanaGold Corporation (ASX: OGC, TSX: OGC, NZX: OGC) (the “Company”) increased Second Quarter gold production to 67,541 ounces, bringing total Half Year production to 132,832 ounces.
In its Second Quarter and Half Year 2010 Results released today, the Company announced a 226% increase to its quarter on quarter cash operating margin to US$627 per ounce. This significant increase is due to closing out of the gold hedgebook in March 2010 resulting in the Company now selling 100% of its gold production into the spot market.
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