OceanaGold is a multinational, mid-tier gold mining company with significant global operating, development and exploration experience. OceanaGold’s operating assets are located in the Philippines, New Zealand and the United States.
FH20 revenue $234mn with Earnings Before Interest, Depreciation and Amortisation (“EBITDA”) of $54.8 million. Cash balance and total immediately available liquidity of $147.7 million; net debt of $169.6 million.
FH20 consolidated production of 139,385 ounces of gold at All-In Sustaining Costs (“AISC”) of $1,237 per ounce on sales of 153,343 ounces of gold.
OceanaGold is dual-listed on the Toronto Exchange, it has raised C$150mn at C$2.06 to develop the Haile gold mine in South Carolina, as well as exploration and development at OceanaGold’s New Zealand projects.
Gold prices have recovered over the past 10 days from 1865 to 1913.