OceanaGold profits plummet

OCEANAGOLD recorded a 53% year-on-year decline in profits at the end of calendar year 2012 but flagged a strong Q4 as a momentum changer setting a more positive tone for 2013.

OceanaGold profits plummet OceanaGold profits plummet OceanaGold profits plummet OceanaGold profits plummet OceanaGold profits plummet

Full-year profits were $US20.7 million ($A21.4 million) in 2012, compared to $44.2 million in 2011.

Revenue from gold sales slipped to $385 million over the year, a 2.6% drop compared to 2011.

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