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Oceana Gold has surprised the market with a cashless purchase of a Toronto-listed US development gold mine in South Carolina, with potential to boost gold production to more than 500,000 ounces of gold
OceanaGold says it now has the consents to start developing three new parts of its Macraes gold mine in East Otago before the end of the year. The company that runs the Macraes gold mine says it will begin work on the Golden Point underground project, Deepdell North
East Otago-based Oceana Gold has bought Newmont Mining Corp's North Island Waihi operations for $US101 million ($NZ132.3 million), offering surety Oceana's New Zealand operations will continue for
Oceana Gold has added to its growing stable of overseas mine developments, taking a 19.9% stake in Nevada-based NuLegacy Gold's development gold Oceana Gold buys chunk of Nevada prospect Otago Daily Times Online News
Cash-rich Oceana Gold has bought a 14.9% stake in Canadian gold exploration company Gold Standard Ventures Inc which is exploring for gold in northern Nevada. Oceana took a $12.1 million stake in an El Salvadorean gold and silver exploration company in late 2013, and only last week agreed to buy Newmont Mining Corp's Waihi gold and silver mine for $132.2 million.
Otago Daily Times By: Simon Hartley OceanaGold's Haile mine in South Carolina has been valued at A$1.3 billion ($1.34b) with expectations it's on target to pour first gold by December.
But a lower gold price has led Oceanagold to redesign its mine operations, shorten mine life expectations and lay off over 250 employees, the Otago Daily Times reported on Monday.
The Haile Gold Mine is the largest gold mine on the east coast of America and will reach its 200 th anniversary in 2027. “I honestly think it’s the people that have worked with us generations of families that have supported the project become a successful operations,” David said.
Oceana Gold's cash-cow Macraes mine operation in East Otago is going through tough times to rectify a concerning fall in ore tonnage and gold production while its Philippines Thank you to all those who supported the Oceana Gold Free Public Open Day. For
Higher gold grades across all operations were underpinning a "strong quarter" to December, meaning strong cash flows, which would be used to pay debt of US$40 million. Otago Daily Times Advertisement
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