OceanaGold secures funding for Didipio

GOLD producer OceanaGold Corporation is continuing with development of its Didipio project in the Philippines after entering into an agreement with a group of multinational banks for a $US220 million ($A215 million) credit facility.

OceanaGold secures funding for Didipio OceanaGold secures funding for Didipio OceanaGold secures funding for Didipio OceanaGold secures funding for Didipio OceanaGold secures funding for Didipio

The company said the three-year facility could be used for the repayment of two convertible bonds, while the remaining $50 million would be set aside for working capital.