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OceanaGold's Waihi North and Macraes Listed as Proposed Projects Under the Fast-track Approvals Bill in New Zealand

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OceanaGold (TSX: OGC) (OTCQX: OCANF) has announced that two of its projects in New Zealand have been included in the list of proposed projects under the government's Fast-track Approvals Bill. The Waihi North Project, which includes the WKP proposed underground mine, and the Macraes Phase 4 Project, a mine extension permit, are among the 149 Listed Projects eligible to apply for expedited approvals.

The Fast-track Approvals Bill, expected to be passed into law later this year, aims to streamline the approval process for regionally and nationally significant infrastructure and development projects. Gerard Bond, President & CEO of OceanaGold, welcomed the inclusion, stating that it would help preserve 1,000 existing jobs, create new employment opportunities, and deliver economic benefits to local communities and the country.

OceanaGold (TSX: OGC) (OTCQX: OCANF) ha annunciato che due dei suoi progetti in Nuova Zelanda sono stati inclusi nella lista dei progetti proposti sotto il disegno di legge per le approvazioni accelerate del governo. Il Waihi North Project, che comprende la proposta di una miniera sotterranea WKP, e il Macraes Phase 4 Project, un permesso di estensione della miniera, sono tra i 149 progetti elencati idonei a richiedere approvazioni accelerate.

Il disegno di legge per le approvazioni accelerate, che ci si aspetta venga approvato entro la fine dell'anno, mira a semplificare il processo di approvazione per progetti infrastrutturali e di sviluppo di rilevanza regionale e nazionale. Gerard Bond, Presidente e CEO di OceanaGold, ha accolto con favore l'inclusione, affermando che aiuterà a preservare 1.000 posti di lavoro esistenti, a creare nuove opportunità occupazionali e a fornire benefici economici alle comunità locali e al paese.

OceanaGold (TSX: OGC) (OTCQX: OCANF) ha anunciado que dos de sus proyectos en Nueva Zelanda han sido incluidos en la lista de proyectos propuestos bajo el proyecto de ley de aprobaciones aceleradas del gobierno. El Waihi North Project, que incluye la propuesta de una mina subterránea WKP, y el Macraes Phase 4 Project, un permiso de extensión de mina, se encuentran entre los 149 proyectos listados que son elegibles para solicitar aprobaciones aceleradas.

Se espera que el proyecto de ley de aprobaciones aceleradas sea aprobado más adelante este año, y su objetivo es simplificar el proceso de aprobación para proyectos de infraestructura y desarrollo de importancia regional y nacional. Gerard Bond, Presidente y CEO de OceanaGold, dio la bienvenida a la inclusión, afirmando que ayudará a preservar 1.000 empleos existentes, a crear nuevas oportunidades laborales y a proporcionar beneficios económicos a las comunidades locales y al país.

OceanaGold (TSX: OGC) (OTCQX: OCANF)는 뉴질랜드의 두 프로젝트가 정부의 신속 승인 법안에 따라 제안된 프로젝트 목록에 포함되었다고 발표했습니다. 와이히 노스 프로젝트는 WKP 제안 지하 광산을 포함하고, 맥레이스 4단계 프로젝트는 광산 연장 허가로, 149개의 리스트 프로젝트 중 신속승인을 신청할 자격이 있습니다.

신속 승인 법안은 올해 말 법률로 통과될 것으로 예상되며, 지역 및 국가적으로 중요한 인프라와 개발 프로젝트의 승인 과정을 간소화하는 것을 목표로 하고 있습니다. OceanaGold의 사장이자 CEO인 Gerard Bond는 이 포함을 환영하며, 이는 1,000개의 기존 일자리를 유지하고 새로운 고용 기회를 창출하며 지역 사회와 국가에 경제적 혜택을 제공하는 데 도움이 될 것이라고 밝혔습니다.

OceanaGold (TSX: OGC) (OTCQX: OCANF) a annoncé que deux de ses projets en Nouvelle-Zélande ont été inclus dans la liste des projets proposés dans le cadre du projet de loi sur les approbations rapides du gouvernement. Le Waihi North Project, qui inclut la proposition d'une mine souterraine WKP, et le Macraes Phase 4 Project, un permis d'extension de mine, figurent parmi les 149 projets répertoriés éligibles pour demander des approbations accélérées.

Le projet de loi sur les approbations rapides, dont l'adoption est prévue plus tard cette année, vise à simplifier le processus d'approbation pour les projets d'infrastructure et de développement d'importance régionale et nationale. Gerard Bond, Président et CEO d'OceanaGold, a salué cette inclusion, déclarant qu'elle aiderait à préserver 1 000 emplois existants, à créer de nouvelles opportunités d'emploi et à apporter des avantages économiques aux communautés locales et au pays.

OceanaGold (TSX: OGC) (OTCQX: OCANF) hat angekündigt, dass zwei seiner Projekte in Neuseeland in die Liste der vorgeschlagenen Projekte unter dem Fast-Track-Genehmigungsgesetz der Regierung aufgenommen wurden. Das Waihi North Project, das die vorgeschlagene unterirdische Mine WKP umfasst, und das Macraes Phase 4 Project, eine Genehmigung zur Erweiterung der Mine, gehören zu den 149 gelisteten Projekten, die berechtigt sind, Anträge auf beschleunigte Genehmigungen zu stellen.

Das Fast-Track-Genehmigungsgesetz, das voraussichtlich noch in diesem Jahr in Kraft treten wird, zielt darauf ab, den Genehmigungsprozess für regional und national bedeutende Infrastruktur- und Entwicklungsprojekte zu straffen. Gerard Bond, Präsident und CEO von OceanaGold, begrüßte die Aufnahme und erklärte, dass sie dazu beitragen werde, 1.000 bestehende Arbeitsplätze zu erhalten, neue Beschäftigungsmöglichkeiten zu schaffen und wirtschaftliche Vorteile für die lokalen Gemeinschaften und das Land zu bieten.

Positive
  • Inclusion of Waihi North and Macraes Phase 4 projects in the Fast-track Approvals Bill list
  • Potential for expedited permitting process for significant projects
  • Preservation of 1,000 existing jobs in New Zealand
  • Potential for new job creation and economic benefits for local communities
Negative
  • None.

VANCOUVER, BC, Oct. 6, 2024 /PRNewswire/ - OceanaGold Corporation (TSX: OGC) (OTCQX: OCANF) ("OceanaGold" or the "Company") welcomes the inclusion of projects at both our Waihi and Macraes mines in the list of proposed projects under the New Zealand Government's Fast-track Approvals Bill for regionally and nationally significant infrastructure and development projects.

Yesterday, the New Zealand Government released the names of 149 Listed Projects that will be eligible to apply for approvals through processes under the proposed Fast-track Approvals Act. Included in the list was the Waihi North Project, which includes the highly prospective Wharekirauponga (WKP) proposed underground mine, as well as the Macraes Phase 4 Project, a mine extension permit.

Gerard Bond, President & CEO of OceanaGold, said "I am delighted to see both of our projects on the list for consideration under the new Fast-track Approvals Bill. We welcome a clear and timely regulatory process in New Zealand which supports the development of projects that can provide economic benefits while respecting important environmental, cultural and social protections. Expediting the permitting of our projects will preserve the jobs of 1,000 employees we have in New Zealand, provides new jobs and will deliver wider economic benefits for the local communities and the country."

The Fast-track Approvals Bill is expected to be passed into law later this year, allowing listed projects to apply directly to a Government-appointed expert panel for final decision.

www.oceanagold.com 

About OceanaGold

OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.

Cautionary Statement for Public Release

Certain information contained in this public release may be deemed "forward-looking" within the meaning of applicable securities laws. Forward-looking statements and information relate to future performance and reflect the Company's expectations regarding the generation of free cash flow, execution of business strategy, future growth, future production, estimated costs, results of operations, business prospects and opportunities of OceanaGold Corporation and its related subsidiaries. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those expressed in the forward-looking statements and information. They include, among others, the accuracy of mineral reserve and resource estimates and related assumptions, inherent operating risks and those risk factors identified in the Company's most recent Annual Information Form prepared and filed with securities regulators which is available on SEDAR+ at www.sedarplus.com under the Company's name. There are no assurances the Company can fulfil forward-looking statements and information. Such forward-looking statements and information are only predictions based on current information available to management as of the date that such predictions are made; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Company's control.  Although the Company believes that any forward-looking statements and information contained in this press release is based on reasonable assumptions, readers cannot be assured that actual outcomes or results will be consistent with such statements. Accordingly, readers should not place undue reliance on forward-looking statements and information. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements and information, whether as a result of new information, events or otherwise, except as required by applicable securities laws. The information contained in this release is not investment or financial product advice.  

OceanaGold logo (CNW Group/OceanaGold Corporation)

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SOURCE OceanaGold Corporation

FAQ

What projects from OceanaGold were included in New Zealand's Fast-track Approvals Bill list?

The Waihi North Project, including the WKP proposed underground mine, and the Macraes Phase 4 Project, a mine extension permit, were included in the list of proposed projects under New Zealand's Fast-track Approvals Bill.

How many projects were listed in total under the Fast-track Approvals Bill in New Zealand?

The New Zealand Government released a list of 149 Listed Projects that will be eligible to apply for approvals through processes under the proposed Fast-track Approvals Act.

When is the Fast-track Approvals Bill expected to be passed into law for OCANF projects?

The Fast-track Approvals Bill is expected to be passed into law later in 2024, allowing listed projects, including those of OceanaGold (OCANF), to apply directly to a Government-appointed expert panel for final decision.

How many jobs could be preserved in New Zealand due to OceanaGold's projects being fast-tracked?

According to Gerard Bond, President & CEO of OceanaGold, expediting the permitting of their projects will preserve the jobs of 1,000 employees they have in New Zealand.

OCEANAGOLD CORP

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