Last A$2.64 AUD
Change Today +0.08 / 3.13%
Volume 1.2M
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As of 2:10 AM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

oceanagold corp-cdi (OGC) Snapshot

Open
A$2.59
Previous Close
A$2.56
Day High
A$2.65
Day Low
A$2.58
52 Week High
07/22/14 - A$3.62
52 Week Low
10/14/13 - A$1.31
Market Cap
795.6M
Average Volume 10 Days
616.1K
EPS TTM
--
Shares Outstanding
301.3M
EX-Date
--
P/E TM
--
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. Expands Activity 80 KM Northward from the Reefton Goldfield

Oceana Gold Corp. has expanded its activity 80 km northward from the Reefton Goldfield where it operates the Globe Progress gold mine, to acquire the Lyell tenement, surrounding Bayhorse's Red Queen gold project. The Red Queen project of Bayhorse consists of the historic Red Queen, Swastika, Halcyon, Guiding Star, Morning Star and Swanston gold mines. In addition to its two operating mines, Globe Progress and Macraes, Oceana proposes to reopen its Blackwater gold mine, in the Reefton Goldfield on the West Coast of New Zealand's South Island, 80 km south of the Red Queen mine. The Blackwater historically produced approximately 730,000 oz/t Au, and has a reported NI-43-101 resource of 700,000 oz of gold at a grade of 23 g /t Au. In that district Bayhorse Silver holds the historic high grade Alexander River gold mine,10 km southeast of the Blackwater mine that historically produced 41,000 oz of gold from 47,000 tons mined.

OceanaGold Corporation Announces Preliminary Results of the Didipio Optimisation Study

OceanaGold Corporation announced the preliminary results of the Didipio Optimisation Study, a project that has identified significant value from the existing operation and ore body. The study is expected to be finalized early in the fourth quarter with completion of an updated National Instrument 43-101 technical report. Based on the results of the study, the underground portion of the Didipio operation will be brought forward by one year with development expected to commence in the first quarter of 2015 subject to receiving final regulatory approvals. Access to high grade ore will be brought forward by two years with first ore delivered for processing in the third quarter of 2017. The underground crown pillar will now be established at RL2460, approximately 80 meters higher than in the original plan thus allowing for two active production areas in the underground resulting in an increase of the mining productivity rate to 1.6 Mtpa and a reduction in the cut-off grade. Additionally, the detailed study along with a comprehensive infill drill program during the last 12 months has resulted in the expansion of the underground by 170 meters deeper than originally planned to RL2010. As a result of the company's increased understanding and confidence in the geotechnical attributes of the mine, the open pit has been redesigned with a reduced stage 6 pit shell resulting in the elimination of nearly 70 million tones of waste over the life of mine. The board of directors has endorsed the study including the earlier commencement of the underground mine development, resource definition drilling and redesigned open pit. The company will seek the required approvals to commence the development of surface facilities, including the portal and ventilation infrastructure in the first quarter of 2015. Under the optimized underground design, the pre-production capital cost is now estimated to be approximately $110 million over a three-year period (2015 to 2017) and sustaining capital expenditure over the life of the underground mine is expected to average $7 to $8 million per annum.

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).

 

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