OceanaGold: Lifts NPAT after impairment to $36M

Company News

by Jessica Amir

OceanaGold Corporation (ASX:OGC) has announced its net profit after tax and impairments lifted to $36 million in the first quarter of 2017.

The gold and copper producer’s revenue also strengthened to $161.8 million for the quarter ending 31 March 2017, up from the prior period.

OceanaGold was also able to lift its quarterly gold production to a record of 147,956 ounces after it commenced production as its Halie Gold Mine.

As a result the corporation achieved record quarterly EBITDA of $101.7 million.

Shares in OceanaGold Corporation (ASX:OGC) closed flat yesterday at $4.05.
 

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