OceanaGold Reports Fatality at the Didipio Mine

Rhea-AI Summary

OceanaGold (TSX: OGC, OTCQX: OCANF) has announced the tragic death of an employee at its Didipio Mine in the Philippines. The incident occurred on June 21, 2024, near the mine's paste plant, where the employee was found unresponsive and could not be revived. In response, OceanaGold has halted operations at the site for 24 hours to inform the workforce and initiate an investigation. Authorities and the employee's next of kin have been notified as the company offers support to the affected family and colleagues.

Positive

• None.

Negative

• Fatality at Didipio Mine.
• Operations suspended for 24 hours.
• Potential regulatory scrutiny.
• Impact on employee morale and safety perception.

VANCOUVER, BC, June 21, 2024 /PRNewswire/ - OceanaGold Corporation (TSX: OGC) (OTCQX: OCANF) ("OceanaGold" or the "Company") is deeply saddened to report that a colleague has been fatally injured at its Didipio Mine in the Philippines. The employee was found unresponsive on the ground in the vicinity of the paste plant on June 21^st local time and was unable to be revived at the onsite medical clinic. Next of kin and regulators have been notified and operations at the mine have been voluntarily suspended for approximately 24 hours to allow the workforce to be informed. An investigation is underway.

The Company is focused on supporting the family and colleagues of the employee during this difficult time.

View original content:https://www.prnewswire.com/news-releases/oceanagold-reports-fatality-at-the-didipio-mine-302179097.html

SOURCE OceanaGold Corporation

FAQ

What happened at OceanaGold's Didipio Mine on June 21, 2024?

An employee was fatally injured near the paste plant, prompting a 24-hour suspension of operations.

How is OceanaGold (OCANF) responding to the incident at Didipio Mine?

OceanaGold has suspended operations for 24 hours and is supporting the employee's family and colleagues while conducting an investigation.

What actions has OceanaGold taken following the fatality at Didipio Mine?

OceanaGold has notified next of kin and regulators, suspended operations, and initiated an investigation.

How might the fatality at Didipio Mine affect OceanaGold's stock (OCANF)?

The incident may lead to regulatory scrutiny, affect employee morale, and could potentially impact market perception of the company.