OceanaGold Corporation
(ASX:OGC) says it has capitalised on the design of its Haile Gold Mine in the US and has had more encouraging results from its explorations programs.
Construction in the top-tier Haile mine is on schedule for first ore through by the end of the year with drill results showing high grade mineralisation at the site.
The Waihi mine in New Zealand is also offering up significant intersections and mine extension opportunities.
The company says it is financially strong with good operating margins and a focus on low cost business despite the recent spike in the gold price.
OceanaGold reported a net profit of $72.63 million to the end of December 2015
