Increase to OceanaGold guidance

OCEANAGOLD has increased its gold output forecast for 2018 as all operations including the new Haile operation in the US state of South Carolina performs well.

Increase to OceanaGold guidance Increase to OceanaGold guidance Increase to OceanaGold guidance Increase to OceanaGold guidance Increase to OceanaGold guidance

Output from Haile is on the up.

Output is now estimated at 500,000-540,000 ounces versus previous guidance of 480,000-530,000oz.

OceanaGold said operating performance at Haile has been strong with recent solid plant performance and mining activities are gradually improving, while improvement to the mine plan had seen Didipio continue to outperform.

In New Zealand, after a slow start Waihi is back on track while Macraes is slightly exceeding expectations with improved plant performance and a steady feed of higher grade ore from Coronation North, the company said.

Shares in OceanaGold are up more than 10% on levels earlier this month, well ahead of the performances of its gold mining peers on the ASX over the same period.

At its closing price Tuesday of OceanaGold was capitalised at $2...