This article is 8 years old. Images might not display.
The miner has flagged output for the year of between 550,000 and 610,000 ounces of gold and 15,000-17,000t of copper at all-in sustaining costs (AISC) of $US600-650/oz.
Of that total, Haile will contribute 150,000-170,000oz at AISC of $500-550/oz.
OceanaGold produced 419,153oz and 23,109t of copper in (at AISC of $709/oz) in 2015, and flagged 385,000-425,000oz (and 19,000-21,000t of copper) in the current year.
Regarding exploration, OceanaGold said it had increased its footprint in the Carolinas by 50%, with the hunt on for more Haile-like orebodies.
It also has a “medium-term” discovery target at Waihi in New Zealand of an additional 1 million ounces.
At the end of the third quarter, OceanaGold had total immediate available liquidity of $145.3 million including approximately $88.1 million in cash and $57.2 million undrawn from its revolving credit facility.
Total debt at the end of the quarter stood at approximately $298 million. In addition, the company held approximately $118 million in marketable securities as at the end of the third quarter from the previous investments it had made in junior exploration companies.
Shares in OceanaGold were up 1.6% to $A3.82 in morning trade, capitalising the stock at $2.39 billion.
It started the year trading at about $2.75 per share, and reached a 12-month high of more than double that in July.
