OceanaGold reports solid quarter as Didipio breaks production record
PERTH (miningweekly.com) – Dual-listed OceanaGold has increased its gold production during the three months to March 31, owing to record production from the Didipio gold mine, in the Philippines.
The ASX- and TSX-listed miner reported on Friday that gold production for the first quarter ended March had increased to 122 782 oz, compared with the 119 500 oz delivered in the previous quarter, while copper production also increased slightly to 59 722 t, compared with the 5 591 t produced in the December quarter.
OceanaGold told shareholders that the quarter-on-quarter increase in production at Didipio was a result of record quarterly mill feed and higher head grade.
Mining operations at Didipio focused on the high-grade core of Stage 5 of the openpit mine, with the majority of the ore mined stockpiled at surface.
In New Zealand, OceanaGold's Waihi operation produced 36 983 oz, while its Macraes and Reefton operations produced a combined 38 988 oz.
Production from the Macraes and Reefton operations was lower than the previous quarter owing to a decrease in production at the Reefton mine, where the operation transitioned to care and maintenance, following the depletion of stockpiles.
During the quarter under review, gold sales increased from the 143 612 oz of gold sold in the December quarter to 161 051 oz, generating revenues of A$161.1-million.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation