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.

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.

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