Oceanagold Corporation

( ASX:OGC ) - Materials


Didipio Wins Gold For Oceana

OceanaGold (OGC) has fulfilled hopes that Didipio will provide the cornerstone to value creation going forward. The mine in the Philippines was the star performer in the September quarter, delivering stronger production in the face of a weaker outcome in the other assets in New Zealand. The production increase at Didipio occurred as stage 3 of the open pit accessed higher grade ore and lifted mill grades, supported by higher throughput. Further improvements are expected in the December quarter and management expects full year guidance will be exceeded.

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Oceana's Free Option

OceanaGold’s (OGC) core mining operations are centred in New Zealand, but the company’s exciting prospect for expansion comes in the form of its Didipio project in the Philippines. OGC has recently been revising its mine plan for Didipio, and brokers are enthusiastic about the changes.

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