Last $2.16 USD
Change Today -0.073 / -3.27%
Volume 7.3K
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As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

oceanagold corp (OCANF) Snapshot

Open
$2.22
Previous Close
$2.23
Day High
$2.22
Day Low
$2.16
52 Week High
03/17/14 - $2.72
52 Week Low
06/26/13 - $1.00
Market Cap
649.1M
Average Volume 10 Days
4.0K
EPS TTM
--
Shares Outstanding
300.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for OCEANAGOLD CORP (OCANF)

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oceanagold corp (OCANF) Details

OceanaGold Corporation explores, develops, and operates gold and other mineral properties. The company holds an interest in the Didipio gold-copper project in the Philippines. It also has interests in the Macraes open pit, Frasers underground, and Reefton open pit mines located on the South Island of New Zealand; and exploration leases in New South Wales, Australia. The company is headquartered in Melbourne, Australia.

oceanagold corp (OCANF) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: $695.0K
Chief Financial Officer
Total Annual Compensation: $389.2K
Chief Development Officer
Total Annual Compensation: $424.3K
Head of Business Development
Total Annual Compensation: $298.6K
Compensation as of Fiscal Year 2012.

oceanagold corp (OCANF) Key Developments

OceanaGold Corporation Announces Updated Resource & Reserve Statement as at December 31, 2013

OceanaGold Corporation announced the updated resource & reserve statement as at December 31, 2013. Total Proven and Probable gold reserves for the company stand at 3.14 Moz of gold and 0.21 Mt of copper. Total Measured and Indicated resources for the Company stand at 202.1 Mt @ 1.28 g/t Au for 8.34 Moz of gold. The Measured and Indicated resources include 9.48 Moz of silver and 0.26 Mt of copper. Didipio Measured and Indicated resources stand at 2.06 Moz of gold and 0.26 Mt of copper (61.0 Mt @ 1.05 g/t Au and 0.42% Cu). Macraes Goldfield Measured and Indicated resources are stable at 4.01 Moz of gold (117.3 Mt @ 1.06 g/t Au, net of mine depletion) for the fourth consecutive year. Reefton Goldfield Measured and Indicated resources are stable at 0.74 Moz of gold (15.5 Mt @ 1.50 g/t Au, net of mine depletion). In the Philippines, the Didipio Proven and Probable reserves have decreased slightly since last year and stand at 45.6 Mt @ 1.09 g/t Au and 0.46% Cu for 1.59 Moz of gold and 0.21 Mt of copper. The decrease is mainly due to the depletion from open pit mining as a result of commencement of commercial production during 2013 and the lifting of the open pit cut-off grade from 0.50 g/t AuEq to 0.55g/t AuEq (where AuEq is gold equivalence of gold and copper). Measured and Indicated gold resources and 9.48 Moz increase in the silver resource compared to the prior year which is largely due to: Lower reporting cut-offs (from 0.5 g/t Au in 2012 to 0.4 g/t Au in 2013 due to the lower cost structure) and resource estimate updates at Macraes have added 0.11 Moz of gold net of mining depletion. Drilling and resource estimate updates at Reefton have added 0.04 Moz gold net of mining depletion. Open pit mining depletion at Didipio has reduced Measured and Indicated resources (including stockpiles) by 0.08 Moz gold and 27 kt copper respectively. Deep drilling during 2013 however, has increased the underground Measured and Indicated resources by 0.03 Moz of gold.

OceanaGold Corporation Reports Unaudited Consolidated Production and Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Reports Impairment Charge for the Fourth Quarter Ended December 31, 2013; Provides Production Guidance for the Year 2014

OceanaGold Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 3, 2013. For the quarter, the company reported net sales of $170,142,000 against $119,018,000 for the same period in the last year. Earnings before interest, tax, depreciation & amortization (EBITDA) (excluding gain on undesignated hedges and impairment charge) were $96,497,000 against $67,100,000 for the same period in the last year. Earnings before income tax and gain on undesignated hedges and impairment charge were $53,651,000 against $31,824,000 for the same period in the last year. Earnings after income tax and before gain on undesignated hedges and impairment charge were $45,810,000 against $23,120,000 for the same period in the last year. Net loss was $28,159,000 against net profit of $24,197,000 for the same period in the last year. Basic and diluted loss per share was $0.10 against basic and diluted earnings per share of $0.09 for the same period in the last year. Cash flows from operating activities were $89,023,000 against $60,218,000 for the same period in the last year. The increase was mainly the result of higher gold revenues in New Zealand on the back of higher gold ounces sold partly offset by lower copper revenues in Philippines and a lower average gold price received. For the year, the company reported net sales of $553,612,000 against $385,448,000 for the same period in the last year. Earnings before interest, tax, depreciation & amortization (EBITDA) (excluding gain on undesignated hedges and impairment charge) were $262,360,000 against $144,632,000 for the same period in the last year. Earnings before income tax and gain on undesignated hedges and impairment charge were $106,067,000 against $31,746,000 for the same period in the last year. Earnings after income tax and before gain on undesignated hedges and impairment charge were $92,777,000 against $20,320,000 for the same period in the last year. Net loss was $47,857,000 against net profit of $20,672,000 for the same period in the last year. Basic and diluted loss per share was $0.16 against basic and diluted earnings per share of $0.08 for the same period in the last year. Cash flows from operating activities were $159,429,000 against $115,253,000 for the same period in the last year. Payments for property, plant and equipment was $17.809 million against $20.990 million a year ago. Payments for mining assets: exploration and evaluation was $4.442 million against $7.992 million a year ago. Payments for mining assets: development was $57.607 million against $182.010 million a year ago. Payments for mining assets: in production was $80.159 million against $79.274 million a year ago. The company reported production results for the fourth quarter and full year of 2013. For the quarter, the company reported gold production of 115,219 ounces and copper production of 7,536 ounces. For the full year 2013, the company reported gold production of 325,732 ounces slightly exceeding the company's 2013 gold production guidance range of 285,000 to 325,000 ounces. The company produced 23,059 tons of copper which exceeded its 2013 copper production range of 18,000 to 20,000 tons. On a co-product basis, the company produced 447,858 gold equivalent ounces in 2013. The company reported impairment charge of $107,800,000 for the fourth quarter of 2013. The company provided production guidance for 2014. For the year 2014, the company expects gold production to be in the range of 275,000 – 305,000 and copper production to be in the range of 21,000 – 24,000. The company plans to mill 3 million tons of ore and expects to increase throughput rates to 3.5 Mtpa by the end of the year.

OceanaGold Corporation Announces Operating Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Production Guidance for 2014; Announces Revenue Results for the Fourth Quarter Ended December 31, 2013

OceanaGold Corporation announced operating results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company’s gold production was 87,506 ounces against 76,844 ounces ago. Macraes Goldfield gold production was 68,419 ounces against 58,872 ounces a year ago. Reefton Goldfield gold production was 19,087 ounces against 17,972 ounces ago. For the year, the company’s gold production was 259,455 ounces against 232,909 ounces ago. Macraes Goldfield gold production was 198,820 ounces against 169,609 ounces a year ago. Reefton Goldfield gold production was 60,635 ounces against 63,300 ounces ago. In 2014, the company is planning to produce 275,000 to 305,000 ounces of gold at cash costs of $400 to $450 per ounce net of copper by-product credits and AISC of $750 to $850 per ounce net of copper by-product credits. Copper production from Didipio is expected to be between 21,000 to 24,000 tonnes of copper in concentrate. The company’s unaudited revenue for the fourth quarter was approximately $170 million with approximately $25 million cash at year end.

 

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