OceanaGold Reports Fatality at the Didipio Mine

Rhea-AI Summary

OceanaGold (TSX: OGC) (OTCQX: OCANF) has reported a fatality at its Didipio Mine in the Philippines. A contractor sustained serious head injuries while attempting to remove a metal blockage from a jaw crusher in late July and subsequently passed away in hospital. This incident follows another recent fatality at the same mine.

In response, OceanaGold is taking immediate action to improve safety measures, including enhancing the OurSafe Behaviours program, increasing hazard identification training, and expanding in-field coaching. The company is also providing support to the family and colleagues of the deceased. Despite these tragic events, there has been no impact on production at the Didipio Mine.

Positive

• No impact on production at the Didipio Mine reported

Negative

• Fatality of a contractor at the Didipio Mine
• Second fatality at Didipio Mine in a short period
• Potential increased scrutiny and costs related to safety measures

News Market Reaction

+4.85%

1 alert

+4.85% News Effect

On the day this news was published, OCANF gained 4.85%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

VANCOUVER, BC, Aug. 9, 2024 /PRNewswire/ - OceanaGold Corporation (TSX: OGC) (OTCQX: OCANF) ("OceanaGold" or the "Company") regrets to inform that, as reported in our second quarter results, a contractor working at our Didipio Mine in the Philippines sustained serious head injuries while attempting to remove a metal blockage from a jaw crusher in late July. Despite medical efforts and care, he recently passed away in hospital. There has been no impact to production as a result of this event.

Gerard Bond, President & CEO of OceanaGold, said "We are all deeply saddened by this tragic event, especially those at Didipio who have lost two colleagues in a short period. Although the two events are unrelated, we are taking immediate action at Didipio to improve the effectiveness of the OurSafe Behaviours safety program, increase hazard identification training - particularly in relation to stored energy - and expand in-field coaching on the identification of critical and high-risk tasks and verification of critical controls. Ensuring the safety of our workforce is paramount."

The Company is supporting the family and colleagues of the deceased during this difficult time.

View original content to download multimedia:https://www.prnewswire.com/news-releases/oceanagold-reports-fatality-at-the-didipio-mine-302219148.html

SOURCE OceanaGold Corporation

FAQ

What recent incident occurred at OceanaGold's Didipio Mine?

A contractor at OceanaGold's Didipio Mine in the Philippines sustained serious head injuries while attempting to remove a metal blockage from a jaw crusher in late July and subsequently passed away in hospital.

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

OceanaGold is taking immediate action to improve safety measures, including enhancing the OurSafe Behaviours program, increasing hazard identification training, and expanding in-field coaching on critical and high-risk tasks.

Has the recent fatality at OceanaGold's Didipio Mine affected production?

According to the press release, there has been no impact on production at the Didipio Mine as a result of this incident.

How many recent fatalities have occurred at OceanaGold's (OCANF) Didipio Mine?

The press release indicates that this is the second fatality at the Didipio Mine in a short period, although the two events are reported to be unrelated.