OceanaGold achieve consolidated guidance for 7th year

Company News

by Rachael Jones

OceanaGold Corporation (ASX:OGC) released its full year and fourth quarter 2018 production report for the year ended 31 December 2018 showing they had achieved consolidated guidance for the 7th consecutive year.

The company produced 533.3k ounces of gold, including 126.7k ounces in the fourth quarter.

Consolidated gold production in 2018 represented higher production from Macraes and Haile gold mines, with Haile in its first full year of commercial operations, while production decreased year-on-year as expected at Didipio and Waihi.

Gold production for the fourth quarter of 2018 decreased quarter-on-quarter due to this and to lower than expected production from Haile due to the weather-related impacts. The decrease in production was partially offset by stronger production from Macraes.

Shares in OceanaGold Corporation (ASX:OGC) closed 0.63 per cent higher at $4.83 yesterday.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.