OceanaGold Corporation
(ASX:OGC) says its growth outlook is strong owing to an increase in production and decreases in its cash cost profile.
The gold producer expects its Dipidio project in the Phillipines to achieve its first copper gold concentrate this month.
Oceana Gold has also told investors cash flows are increasing from four of its other operating mines which are achieving an improved leverage to gold.
The company says strong cash flows heading into fiscal 2013 will aid in repaying debt, funding studies on possible expansions of its Dipidio and other projects and considering other development stage project acquisitions.
OceanaGold reported a $3.1 million loss for the first half of its 2012 financial year.
