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OceanaGold Corporation (OGC.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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2.9700-0.1200 (-3.88%)
At close: 04:00PM EDT
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  • A
    All American
    it's been a long wait, but HGM in South Carolina is OCANF's full production.
  • L
    Leon
    OGC will reach $4 at the end of this year.
  • Y
    Yahoo Finance Insights
    OGC.TO reached a 52 Week high at 2.93
  • Y
    Yahoo Finance Insights
    OGC.TO reached a 52 Week high at 3.05
  • Y
    Yahoo Finance Insights
    OGC.TO reached a 52 Week high at 2.97
  • J
    John
    Fellow investors my advice research may be time to get out
  • Y
    Yahoo Finance Insights
    OGC.TO reached a 52 Week high at 3.13
  • Y
    Yahoo Finance Insights
    OGC.TO is up 6.04% to 2.81
  • D
    Denis
    Finally some good news, OGC has waken up today from weeks of sleeping

    CANADA NEWSWIRE

    OceanaGold Announces Receipt of Permits for Macraes Mine Life Extension to 2028
    12/01/2020 7:04:00 PM

    /NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES./

    (All financial figures in US Dollars unless otherwise stated)

    BRISBANE, Australia, Dec. 1, 2020 /CNW/ - OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the "Company") is pleased to announce the receipt of permits (consents) for the Golden Point Underground Mine ("GPUG"), Deepdell North Stage III ("Deepdell") open pit extension, and the Frasers West expansion. These permits allow the Company to proceed with the development of new and extended open pit and underground mining opportunities at Macraes, including the new GPUG mine. These projects are expected to extend the mine life of the Macraes operation to 2028.

    Michael Holmes, President and CEO of OceanaGold said, "We are pleased to announce that we have consents in hand to develop three deposits that are critical opportunities to achieve the mine life extensions at Macraes, currently to 2028. The receipt of consents for the three projects are a testament to our 30-year history of responsible mining and outstanding environmental stewardship in one of the greenest countries in the world. We continue to seek out additional opportunities through organic growth and exploration in New Zealand and work closely with government officials and other stakeholders to contribute to the national and local economy in a responsible manner."

    "Collectively, these projects are forecasted to produce 1.1 million ounces of gold over an eight-year mine life. Open pit and underground operations are expected to produce on average 150,000 to 170,000 ounces of gold per year at All-in Sustaining Costs of around $1,000 per ounce as outlined in the recent technical report. With no New Zealand dollar gold hedges in place beyond 2020, we expect the operation to generate significant free cash flow in 2021 and beyond."

    "Development of the Golden Point Underground and expansion of the existing open pit at Macraes are among several organic growth projects in OceanaGold's pipeline. We believe progressing our organic growth is key to delivering shareholder value over the long-term, and the receipt of consents at Macraes is another step along a critical path to achieving this goal."

    "The consents facilitate the development of Golden Point Underground, Deepdell North Stage III, and the expansion of the Frasers West pit beginning this quarter. Services and earthworks around the GPUG portal are underway, and the first cut of the portal is expected before year-end. The Company expects first production from GPUG in the fourth quarter of next year, which will supplement and eventually replace existing underground production at Frasers when mining there is completed. Pre-stripping of the Deepdell open pit and expansion of the Fraser open pit is also underway."
    Bullish
  • J
    Joel
    its clear the sale on mining stocks is on . this is one with much side and good price at the moment.
  • G
    George
    gold at $1880 per oz, the Fed printing more and more money ( so gold will probably at least hold steady if not go up), Operations in SC improving, New discovers extending life of mines in NZ and coming online with in the year, mine in Phillippians looking to be restarted soon, what is not to like? should at least return to its previous highs.
  • J
    Jazenevd
    According to today’s Philippine press, President Duterte ordered to start re-negotiating mining agreement with OceanaGold with the goal to bring Didipio mine back to production. Government agency responsible for mining in the country made a statement expressing willingness to reopen the mine as fast as possible to contribute to the country economic development.
  • J
    Jazenevd
    FWIW. Philippine press announces today big turnaround in government policies for mining. President Duterte announced mining as one of the most important industries for economic recovery and instructed government agencies to speed up mining development in the country.
  • E
    Erica
    OGC almost 4% up today, is in the green numbers! Gold rises, steady over 1,700 at the moment… influence on global logistic issues playing a hand? Saw this article on that: https://smallcapcanada.com/articles/articles/as-china-is-restarting-coronavirus-caused-supply-disruptions-might-support-metals-prices-in-the-short-term
  • G
    George
    If the thing is all settled ,How long does it take for Secretary Roy Cimatu of the Department of the Environment and Natural Resources to sign his name and the president sign his? What are they waiting for?
    Is it to give them time to buy shares in OCANF? Are they waiting for a gratitude gift?
  • A
    Anthony
    jic you guys haven't seen this posted on ceo.ca https://mb.com.ph/2021/04/15/govt-finalizes-ftaa-renewal-for-oceanagold/
  • C
    CRAWFORD
    I really do not understand why OCANF is not making a good return on its equity considering that gold prices are very high. I have a lot of shares and want to buy more at the current low price but I wonder what I must be missing. I need some opinions.
  • R
    ResearchGuru
    Philippine is OKing and OGC is getting the green light for operations to start again. Just search "Mining Sector to aid in Philippine economic recovery".
  • J
    Jason
    just bought some at 1.70 ...lots of bargains available in the market right now, but I choose this one...
    Bullish
  • J
    Jazenevd
    Perhaps, it was missed here. CIBC raised target price last Wednesday from C$2.85 to $3.00. New target equals to US$2.44
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