OceanaGold Corporation is pleased to announce first gold production at the Haile Gold Mine. Today, the operation poured its first gold doré bars totalling 445 ounces.
OceanaGold Mining News
The deal also includes a $5 million contingent payment and a 1% royalty on a recent discovery north of Waihi’s current operations.
Analysts are not sure what to make of El Salvador’s recent move that saw its central bank sell about 80% percent of its gold reserves last month.
Oceanagold (TSX, ASX:OGC), an Australia-based gold producer, will start winding down its New Zealand mines to focus on lower-cost production in the Philippines, where it runs the Didipio copper-gold mine north of Manila.
An article published in the Australian Finance Review has prompted OceanaGold to confirm that OceanaGold had unsuccessfully pursued a business combination with Alacer Gold.
Six-year-old mining dispute between El Salvador and Vancouver-based miner still seeking a conclusion
A $315 million damage claim.
Melbourne-based company sets profit and production records from mines in New Zealand and the Philippines. Stock is already up 67% in 2014.