Welcome to our dedicated page for OCEANAGOLD news (Ticker: OCANF), a resource for investors and traders seeking the latest updates and insights on OCEANAGOLD stock.
OceanaGold Corporation (OCANF) is an intermediate gold and copper producer dedicated to responsibly maximizing Free Cash Flow from its operations. With four operational mines in the U.S., Philippines, and New Zealand, OceanaGold focuses on delivering shareholder value through strong financial performance.
The company recently reported positive operational and financial results for Q1 2024, showcasing a commitment to growth and profitability. OceanaGold's key projects, like the Haile Gold Mine and Didipio Mine, are poised for increased production and enhanced performance in the coming quarters.
By maintaining a robust balance sheet and seeking new opportunities for exploration and development, OceanaGold remains positioned for sustained success in the mining industry.
Rhea-AI Summary
OceanaGold reports positive results from exploration and resource conversion drilling at Haile and Didipio mines. The company's President & CEO, Gerard Bond, highlights the growth potential within existing mine footprints. Significant drill highlights include high-grade gold intersections at Haile and Didipio, indicating mineralization extensions at depth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.56%
Tags
-
Rhea-AI Summary
OceanaGold announces the filing of its Annual Information Form and updated technical reports for Haile and Macraes mines. The reports highlight growth opportunities at Haile, projecting increased gold production to 315koz in 2026 with an AISC of $1,000 per ounce. Macraes aims to extend mine life and generate strong cash flow despite the removal of Round Hill Open Pit. OceanaGold focuses on enhancing economics at Haile and exploring further potential at both mines.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.25%
Tags
-
Rhea-AI Summary
OceanaGold Corporation (OCANF) announces positive drill results at Wharekirauponga (WKP), New Zealand, with an indicated resource of 1.0 million ounces at a grade of 15.9 g/t gold. The company is optimistic about the new one-stop-shop fast track consenting regime in New Zealand, which could benefit the Waihi North Project.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.61%
Tags
Rhea-AI Summary
OceanaGold Corporation (OCANF) announces its Mineral Reserves and Resources statement for 2023, highlighting increased reserves at Haile and a new reserve estimate at Palomino. CEO Gerard Bond expresses optimism for the company's future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.85%
Tags
-
Rhea-AI Summary
OceanaGold Corporation reported strong operational and financial results for Q4 2023 and full year 2023, achieving production targets and revenue milestones. The company's CEO highlighted improved performance across all operations, with a focus on production growth and cost efficiency. OceanaGold's 2024 outlook includes a 13% increase in gold production and a lower unit cost of gold produced, positioning the company for continued growth and value creation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.85%
Tags
-
Rhea-AI Summary
OceanaGold Corporation announces the execution of a Sale and Purchase Agreement with Tasman Mining Limited to acquire OceanaGold's interest in the Blackwater project in New Zealand. The agreement includes a cash payment of US$30 million upon closing of the transaction, subject to regulatory approval and expected to close in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.9%
Tags
Rhea-AI Summary
OceanaGold Corporation (OCANF) will release its operational and financial results for Q4 and year ending December 31, 2023, on February 21, 2024. A conference call/webcast to discuss the results will be held on February 22, 2024. Webcast and conference call details are available on the Company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.06%
Tags
-
Rhea-AI Summary
OceanaGold Corporation (OGC) appoints Bhuvanesh Malhotra as Chief Technical and Projects Officer, bringing over 25 years of experience in operational and technical roles across multiple commodities and mining methods. Malhotra's most recent role was as Technical Director for Rio Tinto, where he championed technical and operational excellence to maximize asset performance. OceanaGold President and CEO Gerard Bond expressed excitement about Malhotra's appointment, highlighting the value he will bring to the company during an exciting growth phase.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.08%
Tags
-
Rhea-AI Summary
OceanaGold Corporation (TSX: OGC) (OTCQX: OCANF) has announced the refinancing of its revolving credit facility, with a new facility providing committed bank credit totaling US$200 million, plus a US$50 million accordion, replacing the previous facility. The four-year facility is maturing on December 31, 2027, with improved commercial terms compared to the previous facility. Marius van Niekerk, Chief Financial Officer of OceanaGold, expressed satisfaction with the commitment of a highly reputable and global banking group to provide the new facility, allowing the company to maintain significant financial flexibility at a lower cost, right-sizing liquidity requirements in line with the capital management plan and recognizing projected growth in production and an exciting organic growth pipeline.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.62%
Tags
Rhea-AI Summary
OceanaGold Corporation reported its operational and financial results for Q3 2023. Despite challenges at the Haile pit, the company remains on track to meet its full-year production guidance. Exciting milestones were achieved, including the millionth ounce produced at Haile and the repair of the Macraes ball mill. The company is focused on delivering on its production guidance for the final quarter and preparing for a strong 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.1%
Tags
FAQ
What is the current stock price of OCEANAGOLD (OCANF)?
The current stock price of OCEANAGOLD (OCANF) is $2.75 as of January 10, 2025.
What is the market cap of OCEANAGOLD (OCANF)?
The market cap of OCEANAGOLD (OCANF) is approximately 2.0B.
What is OceanaGold Corporation known for?
OceanaGold is recognized as an intermediate gold and copper producer with a focus on maximizing Free Cash Flow from its mining operations.
How many mines does OceanaGold operate?
OceanaGold currently operates four mines across the United States, Philippines, and New Zealand: Haile Gold Mine, Didipio Mine, Macraes, and Waihi operations.
What recent achievements has OceanaGold reported?
OceanaGold recently announced positive operational and financial results for Q1 2024, demonstrating strong growth potential and a commitment to enhancing shareholder value.
What are OceanaGold's key projects for future development?
Key projects for OceanaGold include the Haile Gold Mine and Didipio Mine, both of which are expected to drive increased production and profitability in the upcoming quarters.
How does OceanaGold ensure responsible mining practices?
OceanaGold upholds a commitment to safety, environmental stewardship, and community engagement in its mining operations, reflecting its dedication to sustainable and ethical practices.
OCEANAGOLD CORP