OceanaGold shoring up balance sheet with fundraising

HAVING been hit by COVID-19 issues at both its Haile operation in South Carolina and its Macraes operation in New Zealand, OceanaGold will further shore up its balance sheet with a C$150 million equity raising now underway.

OceanaGold shoring up balance sheet with fundraising OceanaGold shoring up balance sheet with fundraising OceanaGold shoring up balance sheet with fundraising OceanaGold shoring up balance sheet with fundraising OceanaGold shoring up balance sheet with fundraising

OceanaGold's Haile mine in North Carolina

Pricing of the news shares has been put at $2.06, with the stock above $3 in July-August.

In late-August OceanaGold reduced guidance for Haile to 135,000-175,000oz.