PMEA Blog

MARTA STEEMAN - BusinessDay
Leading gold miner OceanaGold is aiming to raise US$75m to buy out its gold hedging contracts and sell its gold on the spot market.
The equity raising announcement comes as OceanaGold completes a record year of gold sales and production of more than 300,000 ounces from its New Zealand mines in the South […]

Leonardo Perante II / Correspondent
DIADI, Nueva Vizcaya—After crossing borders to provide assistance to victims of typhoons that hit Northern Luzon recently, OceanaGold Philippines Inc. (OGPI) the ensuing day conducted another medical mission in this hilly town.
Spearheaded by community-relations manager Jun Floresca of OGPI’s exploration division, a team of doctors, dentists, nurses and social workers from […]

By Riza T. Olchondra
Philippine Daily Inquirer
MANILA, Philippines–Australian miner Oceanagold Corp. is proceeding with a study concerning the Didipio gold-copper project in Nueva Vizcaya, according to the company’s third-quarter report.
“The successful equity raising during the quarter has enabled the company to advance the technical and optimization study for the project,” the company said.
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The Philippines’ Premier […]

Robert Smith
OceanaGold’s year to date gold sales are up 20% as the price continues well past the magic $US1000 an ounce mark.
Its third quarter results were also up 14% on the 2008 result, with the mining group selling 71.492 oz worth of gold.
Interim chief executive Marcus Engelbrecht said production so far this year was ahead […]

Manila Bulletin August 27, 2009

ROUTINE CLEANING. Blue guards securing the OceanaGoId Philippines gold-copper project in Didipio, Kasibu, Nueva Vizcaya spend two hours for routine cutting of tall grasses alongside a mining road before they go on security duty. They do the same maintenance work for two hours after duty. (Ceasar M. Perante)

Manila Bulletin August 25, 2009

EVALUATION OF MINING PROJECT. OceanaGold Philippines Vice President for Communications Chito Gozar (fourth from right) presents a blueprint of the Didipio gold-copper project to an evaluation team of the Cagayan Valley office of the Mines and Geosciences Bureau (MGB) before the Dinkidi Hill, which hosts the mining project in Didipio, Kasibu, […]

Mining firm OceanaGold Corp. may expand activities of its ongoing exploration of its gold prospect in Didipio, Nueva Vizcaya
The company was able to renew six exploration permits from the Department of Environment and Natural Resources late in the second quarter.
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MELBOURNE, Australia, July 30 /CNW/ - OceanaGold Corporation (ASX: OGC, TSX: OGC, NZX: OGC) (the “Company”) is pleased to announce record half year gold production of 158,277 ounces at an average cash cost of US$349 per ounce.
Second quarter gold sales of 75,319 ounces were up 28 per cent over the same period last year, while […]

By Simon Hartley on Thu, 23 Jul 2009
Oceana Gold has raised $A24.2 million ($NZ30 million) in a funding boost designed to expand its exploration programme which could ultimately add three years to the mine life of its Macraes and Reefton operations.
Oceana shares, which were placed on a trading halt on Tuesday at $1.45, resumed trading […]

Robert Smith | Wednesday July 22 2009 - 10:52am
New Zealand’s largest listed gold miner has had little trouble finding capital for new local exploration and drilling, with OceanaGold raising more than $30 million through a non-underwritten placement.
The trading halt placed on the mining company has now lifted, after it was suspended yesterday to allow for […]