News Bureau

OceanaGold sales over 91K Oz in 1Q

OceanaGold reports production and costs for the first quarter ended March 31, 2020. Key highlights of the Company said Michael Holmes appointed President and Chief Executive Officer, following nearly eight years as Chief Operating Officer.

Consolidated gold and silver production of 80,707 ounces and 54,134 ounces, respectively, consolidated All-In Sustaining Costs of $1,218 per ounce and cash costs of $802 per ounce on gold sales of 91,388 ounces in 1Q. The year-on-year increase in Measured and Indicated Resources of 800K ounces and Inferred Resources of 700K ounces, both net of mining depletion OceanaGold Reports.

Subsequent to quarter-end, fully resumed operations at Macraes and continued development of the Martha Underground with COVID-19 safeguards in place. Full-year 2020 guidance reaffirmed at OceanaGold.

Michael Holmes, President, and CEO said, “Despite the emergence of the Covid-19 pandemic creating additional and varied risks across our global operational footprint, we delivered a good quarter of operational performance while safeguarding the health and wellbeing of our workforce.”

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