OceanaGold Corp. says its mines will produce a total of between 500,000 and 550,000 ounces of gold and 14,000 to 15,000 tonnes of copper this year.
OceanaGold Mining News
The Blackwater mine was once the most prolific mine in the Reefton Goldfield, producing 700,000 ounces of gold between 1908 and 1951.
The Highland project consists of 102 Federal lode claims for a total of 825 hectares and is located along the Walker Lane Gold trend.
The Martha pit was shut down in 2015 when a major slip and a rockfall affected the area.
The Melbourne-based miner is interested in the Highland gold/silver project, located within the Walker Lane Gold trend.
Victoria's government wants to spend $220 million on exploration and drill one million metres by 2023.
Mining at the site stopped in April 2015 when a major slip and a rockfall affected the area.
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.
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.