Last A$2.88 AUD
Change Today +0.05 / 1.77%
Volume 102.2K
As of 2:10 AM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

oceanagold corp-cdi (OGC) Snapshot

Open
A$2.85
Previous Close
A$2.83
Day High
A$2.90
Day Low
A$2.85
52 Week High
07/22/14 - A$3.62
52 Week Low
10/14/13 - A$1.31
Market Cap
867.9M
Average Volume 10 Days
312.7K
EPS TTM
--
Shares Outstanding
301.3M
EX-Date
--
P/E TM
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Dividend
--
Dividend Yield
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Current Stock Chart for OCEANAGOLD CORP-CDI (OGC)

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oceanagold corp-cdi (OGC) 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-cdi (OGC) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: $611.0K
Chief Financial Officer
Total Annual Compensation: $351.3K
Chief Operating Officer
Total Annual Compensation: $458.7K
Chief Development Officer
Total Annual Compensation: $424.7K
Head of Business Development
Total Annual Compensation: $286.6K
Compensation as of Fiscal Year 2013.

oceanagold corp-cdi (OGC) Key Developments

Oceana Gold Corp Receives "Resource Consent" to Access Historic Underground Workings at its Blackwater Gold Mine

Bayhorse Silver Inc. reported that Oceana Gold Corp, has received a "resource consent" to access historic underground workings at its Blackwater gold mine, 10 km from the Company's Alexander River gold project, Reefton Gold District, on the West Coast of New Zealand's South Island. The Reefton gold field has produced in excess of 2 million ounces of lode gold from a number of historic and operating mines, with majority of production coming from Oceana's currently operating lobe Progress gold mine, and it's historic Big River and Blackwater mines, as well as from Bayhorse' Alexander River gold mine. Access to the Blackwater is reported to be gained by twin 3.3 km declines driven from the nearby Snowy River. The Blackwater mine produced approximately 730,000 ounces of Au down to 2,900 feet. In 1951 the shaft collapsed closing the mine. Drilling at Blackwater under the historic workings has identified an inferred resource of 0.9 Mt at 23 g/t Au for 700,000 ounces of gold (Oceana 2014 Fact Book).

OceanaGold Corporation Cuts 51 Jobs

A further 50 mining jobs have been lost on the West Coast as OceanaGold Corporation downsizes its Reefton gold mine. The company made 51 employees at the mine redundant on August 4, 2014. OceanaGold announced in June that it would lose about 60 jobs as the opencast mine wound down to a 'care and maintenance' phase. Workers found out who had been made redundant in the cuts.

OceanaGold Corporation Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production Guidance for the Full Year 2014

OceanaGold Corporation reported unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2014. For the quarter, the company's sales were $127,480,000 against $131,213,000 a year ago. Earnings before interest, tax, depreciation & amortisation (excluding gain on undesignated hedges and impairment charge) were $29,602,000 against $42,495,000 a year ago. Loss before income tax and gain on undesignated hedges and impairment charge was $4,675,000 against $3,651,000 a year ago. Earnings after income tax and before gain on undesignated hedges and impairment charge were $993,000 against loss of $2,647,000 a year ago. Net loss was $2,123,000 or $0.01 basic and diluted per share against $70,491,000 or $0.24 basic and diluted per share a year ago. Cash flows from operating activities were $52,730,000 against $9,864,000 a year ago. Payments for property, plant and equipment was $1,771,000 against $3,849,000 a year ago. Payments for mining assets: exploration and evaluation was $720,000 against $1,279,000 a year ago. Payments for mining assets: development was $10,187,000 against $7,202,000 a year ago. Payments for mining assets: in production was $18,413,000 against $12,888,000 a year ago. Operating loss was $1,927,000 against operating profit $4,188,000 a year ago. Loss before income tax was $9,003,000 against $98,128,000 a year ago. For the six months, the company's sales were $297,835,000 against $226,852,000 a year ago. Earnings before interest, tax, depreciation & amortisation (excluding gain on undesignated hedges and impairment charge) were $130,632,000 against $89,570,000 a year ago. Earnings before income tax and gain on undesignated hedges and impairment charge were $60,559,000 against $7,501,000 a year ago. Earnings after income tax and before gain on undesignated hedges and impairment charge were $60,862,000 against $3,842,000 a year ago. Net profit was $56,822,000 or $0.19 basic and diluted per share against loss of $63,433,000 or $0.22 basic and diluted per share a year ago. Cash flows from operating activities was $126,018,000 against $31,305,000 a year ago. Payments for property, plant and equipment was $3,540,000 against $11,752,000 a year ago. Payments for mining assets: exploration and evaluation was $1,122,000 against $2,715,000 a year ago. Payments for mining assets: development was $16,046,000 against $37,266,000 a year ago. Payments for mining assets: in production was $34,530,000 against $39,475,000 a year ago. Operating profit was $63,564,000 against $24,243,000 a year ago. Profit before income tax was $54,948,000 against loss before income tax of $86,163,000 a year ago. For the six months, the company's reported production of 147,399 ounces of gold and 11,185 tonnes of copper. For the quarter, the company's reported production of 60,831 ounces of gold and 4,706 tonnes of copper. For the full year 2014, the company guidance is unchanged at 275,000 to 305,000 ounces of gold and 21,000 to 24,000 tonnes of copper at cash costs of $400 to $450 per ounce and AISC of $750 to $850 per ounce both net of by-product credits.

 

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