OceanaGold to bump up gold production by 20-25%

Company News

by Jessica Amir

Gold and copper producer, OceanaGold Corporation (ASX:OGC) is expecting to bump up its gold production by 20 to 25 per cent in 2018, compared to last year, with higher throughput rates.

Its total gold production should sit between 480,000 to 530,000 ounces of gold this year.

As for copper production, OceanaGold has labeled 2018 as a year of transition and it should see a steady ramp up of mining rates, taking its guidance to 15,000 to 16,000 tonnes.

The multibillion dollar corporation company also tipped one of its mines, Macraes will see a 20 per cent rise in production from higher grades.

OceanaGold is also advancing expansionary plans and investment in the Haile and Waihi gold mines.

Its OceanaGold Corporation (ASX:OGC) closed 0.29 per cent lower yesterday at $3.42
 

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.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.