So_Cynical
The Contrarian Averager
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The new Philippines president is a nutter, a complete crazy, its disgraceful...
OGC - Oceana Gold
- Thread starter yogi-in-oz
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I assume you have some OGC from that comment?
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Qldfrog - LOL
- I think you could be right on holding by So Cynical. But he is smart and surely will have his laugh at right time.More seriously yes, I do agree Philippine president is a nut. His recent comment on President Obama as son of xxore and then retracting says all. He should be thankful of so many American soldiers contribution to Philippine population growth. He should be more concerned on reported restriction by the Madagascar government to issue new work permits to Philippine nationals. That stops money inflow to Philippine as well stoppage of mining in Philippine .
Australian miners have an excellent environment record in Philippines and by hitting them hard is not going to help his own country's GDP for sure.
So_Cynical
The Contrarian Averager
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No not a holder, do have some interests in the PH.
skc
Goldmember
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I learned of him on a radio programme... he is definitely very extreme. He's by most definition a murderous legalised crime lord himself.
His environmental minister appears to be strongly anti-mining. While I do think it's a good idea to take care of the environment, you have to wonder if the audit process in Philippines is entirely fair and transparent. From what I've read, OGC's mine is of a high standard environmentally... the description by Bells was "If OGC can't meet the audit standard, no one can". Let's hope there's no other factors (e.g. corruption) at play.
It is a stark reminder for investors of sovereign risks and the importance of diversification.
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They usually wake up after some behind the scenes discussions, where international sovereigns basically hold them to international standards.
However in the mean time for politicaly point scoring they cans stretch it out a bit and it all goes back on line quietly as with Indonesia and their Nickle gymnastics over the last couple of years.
So it's not a good sentiment play.
I had a small short on it.
Gold in the mean time could get week generally so it's been a bit of a long trap if you were.
However in the mean time for politicaly point scoring they cans stretch it out a bit and it all goes back on line quietly as with Indonesia and their Nickle gymnastics over the last couple of years.
So it's not a good sentiment play.
I had a small short on it.
Gold in the mean time could get week generally so it's been a bit of a long trap if you were.
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They usually wake up after some behind the scenes discussions, where international sovereigns basically hold them to international standards.
However in the mean time for political point scoring they can stretch it out a bit and it all goes back on line quietly as with Indonesia and their Nickle gymnastics over the last couple of years.
So it's not a good sentiment play.
I had a small short on it.
Gold in the mean time could get weak generally so it's been a bit of a long trap if you were.
However in the mean time for political point scoring they can stretch it out a bit and it all goes back on line quietly as with Indonesia and their Nickle gymnastics over the last couple of years.
So it's not a good sentiment play.
I had a small short on it.
Gold in the mean time could get weak generally so it's been a bit of a long trap if you were.
bigdog
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OGC $3.960 +$0.320 +8.79% Tue 18 Oct 2016 11:43 AM (Sydney time)
The market liked this news!
http://www.stockhouse.com/news/pres...provides-update-on-its-philippines-operations
/NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES.
Read more at http://www.stockhouse.com/news/pres...ts-philippines-operations#IDlOSOWWA7EVAeT0.99
OceanaGold provides update on its Philippines operations
MELBOURNE, Oct. 18, 2016
MELBOURNE, Oct. 18, 2016 /CNW/ - OceanaGold Corporation (TSX/ASX/NZX: OGC) (the "Company") confirms that it has received a letter from the Department of Environment and Natural Resources ("DENR") along with the Didipio Audit Report ("Audit Report") that outlines the findings and recommendations from the recently completed audit of its Didipio Operations. According to the DENR letter, the Company has the opportunity to address the findings and recommendations contained within the Audit Report within seven days of receipt.
The Company notes that, of the findings and recommendations outlined in the Audit Report, a number of them were discussed as a matter of routine with the DENR audit team during the DENR close out meeting following the completion of the audit in August. The findings in the Audit Report relate mostly to a need to further educate a broader group of stakeholders on specific aspects of the operations. The vast majority of recommendations relate to the need to further expand the Company's Information, Education and Communication ("IEC") program. Furthermore, the "findings" on the Didipio operations publicised during the DENR press conference on 26 September 2016, were not included as findings outlined in the Audit Report.
The Audit Report states that the Company "has extended more than what is required by law…" and "was found to be complying its permitting requirements set forth by different Philippine Environmental Laws…Moreover its operations are being governed by an Environmental Management System that is ISO 14001:2004 compliant…" The Audit Report goes on to say that the area of Didipio, "has to deal with illegal artisanal small scale mining activities that contribute to the degradation of the immediate environment and waterbodies..." and includes a recommendation to government agencies to stop these illegal operations.
Mick Wilkes, President and CEO said, "The Didipio Mine is a world class operation that operates in accordance with the highest industry standards for health, safety, environment, community and sustainability. The results of the Audit Report and discussions we've had with the audit team and with government officials including those within the DENR clearly demonstrates this. In our discussions with the DENR and government officials, we have good alignment and we look forward to our collective efforts to advance a responsible mining sector." Mr. Wilkes added, "As such, I am very confident that our responses to the DENR will satisfy all of the findings and recommendations that have been raised."
He went on to say, "I am also pleased that the Didipio operation was nominated by the Mines and Geosciences Bureau, an agency of the DENR, for the 2016 Presidential 'Most Environmentally Responsible Mining Operation" for a third straight year. As the award recipient in 2015 and nominee again in 2016, we believe that the Didipio operation is the template for what President Duterte is seeking when stating his desire for a responsible mining sector within the Philippines."
The Didipio Mine continues to operate without interruption and 2016 guidance is firmly maintained.
8040
The market liked this news!
http://www.stockhouse.com/news/pres...provides-update-on-its-philippines-operations
/NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES.
Read more at http://www.stockhouse.com/news/pres...ts-philippines-operations#IDlOSOWWA7EVAeT0.99
OceanaGold provides update on its Philippines operations
MELBOURNE, Oct. 18, 2016
MELBOURNE, Oct. 18, 2016 /CNW/ - OceanaGold Corporation (TSX/ASX/NZX: OGC) (the "Company") confirms that it has received a letter from the Department of Environment and Natural Resources ("DENR") along with the Didipio Audit Report ("Audit Report") that outlines the findings and recommendations from the recently completed audit of its Didipio Operations. According to the DENR letter, the Company has the opportunity to address the findings and recommendations contained within the Audit Report within seven days of receipt.
The Company notes that, of the findings and recommendations outlined in the Audit Report, a number of them were discussed as a matter of routine with the DENR audit team during the DENR close out meeting following the completion of the audit in August. The findings in the Audit Report relate mostly to a need to further educate a broader group of stakeholders on specific aspects of the operations. The vast majority of recommendations relate to the need to further expand the Company's Information, Education and Communication ("IEC") program. Furthermore, the "findings" on the Didipio operations publicised during the DENR press conference on 26 September 2016, were not included as findings outlined in the Audit Report.
The Audit Report states that the Company "has extended more than what is required by law…" and "was found to be complying its permitting requirements set forth by different Philippine Environmental Laws…Moreover its operations are being governed by an Environmental Management System that is ISO 14001:2004 compliant…" The Audit Report goes on to say that the area of Didipio, "has to deal with illegal artisanal small scale mining activities that contribute to the degradation of the immediate environment and waterbodies..." and includes a recommendation to government agencies to stop these illegal operations.
Mick Wilkes, President and CEO said, "The Didipio Mine is a world class operation that operates in accordance with the highest industry standards for health, safety, environment, community and sustainability. The results of the Audit Report and discussions we've had with the audit team and with government officials including those within the DENR clearly demonstrates this. In our discussions with the DENR and government officials, we have good alignment and we look forward to our collective efforts to advance a responsible mining sector." Mr. Wilkes added, "As such, I am very confident that our responses to the DENR will satisfy all of the findings and recommendations that have been raised."
He went on to say, "I am also pleased that the Didipio operation was nominated by the Mines and Geosciences Bureau, an agency of the DENR, for the 2016 Presidential 'Most Environmentally Responsible Mining Operation" for a third straight year. As the award recipient in 2015 and nominee again in 2016, we believe that the Didipio operation is the template for what President Duterte is seeking when stating his desire for a responsible mining sector within the Philippines."
The Didipio Mine continues to operate without interruption and 2016 guidance is firmly maintained.
8040
bigdog
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http://oceanagold.cmail19.com/t/Vie...EF23F30FEDED/03653AA4E639CD2A4AB3169DA1FD82E9
OceanaGold Reports Third Quarter 2016 Operational and Financial Results
27 October 2016
MEDIA RELEASE
(All financial figures in US Dollars unless otherwise stated)
(MELBOURNE) OceanaGold Corporation (TSX/ASX/NZX: OGC) (the “Company”) is pleased to release its financial and operational results for the quarter ended 30 September 2016. Details of the consolidated financial statements and the Management Discussion and Analysis (“MD&A”) are available on the Company’s website at www.oceanagold.com .
Key Highlights of the Haile Underground PEA
• Completed construction of the Tailings Storage Facility at Haile and commenced dry commissioning activities including the crusher and conveyor circuits. The project remains on budget and schedule for first ore through the mill before the end of 2016.
• Consolidated Year-to-Date production of 314,313 ounces of gold and 17,358 tonnes of copper, including 88,975 ounces of gold and 5,114 tonnes of copper produced in the third quarter.
• Consolidated Year-to-Date All-In Sustaining Costs of $730 per ounce and cash costs of $477 per ounce on sales of 331,489 ounces of gold and 16,453 tonnes of copper.
• Revenue of $150.4 million with an EBITDA of $61.6 million and a net profit of $30.7 million in the third quarter.
• Strong balance sheet with immediate liquidity of $145.3 million including $88.1 million in cash.
• dentified Didipio underground design enhancements resulting in projected capital cost savings over the life of mine.
• Received DENR Audit Report and provided Company response on findings and recommendations; awaiting a formal response from the DENR.
• On track to achieve 2016 production and cost guidance.
Mick Wilkes, President and CEO said, “Our financial performance continued to be strong in the third quarter and we are well on track to achieve our 2016 production and cost guidance. With a strong balance sheet, we are well placed ahead of 2017 where we expect to generate even stronger cash flows with Haile being added to our stable of strong cash-flow generating operations.”
He added, “I am pleased to report that we have commenced commissioning activities of the crushing circuit at Haile. We completed the construction of the Tailings Storage Facility ahead of schedule, which is a remarkable achievement for what was a critical path item for much of the year. Focus now has turned to completing the piping, instrumentation and electrical works, all of which are proceeding according to schedule. The project is in the final stretch of development and remains on time and on budget, and I am confident we will meet our goal to mill first ore before the end of this year.”
Also
http://www.asx.com.au/asxpdf/20161028/pdf/43cd2n0crtg7cz.pdf
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01795063
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01794890
OceanaGold Reports Third Quarter 2016 Operational and Financial Results
27 October 2016
MEDIA RELEASE
(All financial figures in US Dollars unless otherwise stated)
(MELBOURNE) OceanaGold Corporation (TSX/ASX/NZX: OGC) (the “Company”) is pleased to release its financial and operational results for the quarter ended 30 September 2016. Details of the consolidated financial statements and the Management Discussion and Analysis (“MD&A”) are available on the Company’s website at www.oceanagold.com .
Key Highlights of the Haile Underground PEA
• Completed construction of the Tailings Storage Facility at Haile and commenced dry commissioning activities including the crusher and conveyor circuits. The project remains on budget and schedule for first ore through the mill before the end of 2016.
• Consolidated Year-to-Date production of 314,313 ounces of gold and 17,358 tonnes of copper, including 88,975 ounces of gold and 5,114 tonnes of copper produced in the third quarter.
• Consolidated Year-to-Date All-In Sustaining Costs of $730 per ounce and cash costs of $477 per ounce on sales of 331,489 ounces of gold and 16,453 tonnes of copper.
• Revenue of $150.4 million with an EBITDA of $61.6 million and a net profit of $30.7 million in the third quarter.
• Strong balance sheet with immediate liquidity of $145.3 million including $88.1 million in cash.
• dentified Didipio underground design enhancements resulting in projected capital cost savings over the life of mine.
• Received DENR Audit Report and provided Company response on findings and recommendations; awaiting a formal response from the DENR.
• On track to achieve 2016 production and cost guidance.
Mick Wilkes, President and CEO said, “Our financial performance continued to be strong in the third quarter and we are well on track to achieve our 2016 production and cost guidance. With a strong balance sheet, we are well placed ahead of 2017 where we expect to generate even stronger cash flows with Haile being added to our stable of strong cash-flow generating operations.”
He added, “I am pleased to report that we have commenced commissioning activities of the crushing circuit at Haile. We completed the construction of the Tailings Storage Facility ahead of schedule, which is a remarkable achievement for what was a critical path item for much of the year. Focus now has turned to completing the piping, instrumentation and electrical works, all of which are proceeding according to schedule. The project is in the final stretch of development and remains on time and on budget, and I am confident we will meet our goal to mill first ore before the end of this year.”
Also
http://www.asx.com.au/asxpdf/20161028/pdf/43cd2n0crtg7cz.pdf
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01795063
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01794890
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Am I posting after last posting of OCt 2016 ??
That sounds strange unless time flies and I have not visited myself OGC thread.
Any way today report has just been released on ASX. Do not understand how it became a solid performance. If you look into AISC comparison (24.3% gone up unless I did wrong arithmatic) itself, means they are worse than few reports just came in the market. So OGC is definitely going to be belted on Friday.
Disclaimer : Do HOld it.
That sounds strange unless time flies and I have not visited myself OGC thread.
Any way today report has just been released on ASX. Do not understand how it became a solid performance. If you look into AISC comparison (24.3% gone up unless I did wrong arithmatic) itself, means they are worse than few reports just came in the market. So OGC is definitely going to be belted on Friday.
Disclaimer : Do HOld it.
Attachments
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With no contact and isolation, OGC expats are probably at lowest ebb of their productivity. Wait for better days .
brerwallabi
The Oracle
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Well it’s doubled in price like many others since you posted joeno
Bollinger band squeeze on might take this onwards and upwards.
The Philippines surely will have to take a different view on mining now with their economic woes.
Oceana Gold OGC chart indicators are looking bullish
asx.swingtradebot.com
https://www.marketindex.com.au/asx/ogc
Q3 report due later this week with re-start of Didipio Copper mine etc. bodes very well imo
DYOR .. Cheers tela
OGC Share Technical Analysis | OceanaGold Corporation
Current Technical Analysis and interactive chart for $OGC stock / shares. See the current trading strategy, trend(s), rating and buy and sell signals.
https://www.marketindex.com.au/asx/ogc
Q3 report due later this week with re-start of Didipio Copper mine etc. bodes very well imo
DYOR .. Cheers tela
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Thanks mate for breaking the drought on OGC thread after 16 months from last posting.Oceana Gold OGC chart indicators are looking bullish
OGC Share Technical Analysis | OceanaGold Corporation
Current Technical Analysis and interactive chart for $OGC stock / shares. See the current trading strategy, trend(s), rating and buy and sell signals.
https://www.marketindex.com.au/asx/ogc
Q3 report due later this week with re-start of Didipio Copper mine etc. bodes very well imo
DYOR .. Cheers tela
Surely lady luck will cherish your investment.
OGC delivers Q3 Profit!
- Didipio's Financial or Technical Assistance Agreement ("FTAA") renewed for 25 years.
- Total Recordable Injury Frequency Rate ("TRIFR") increased from 3.7 to 3.9 per million hours worked.
- Year-to-date ('YTD') consolidated gold production of 256,216 ounces at All-In Sustaining Costs ("AISC") of $1,218 per ounce on gold sales of 276,226 ounces.
- Consolidated third quarter gold production of 79,177 ounces at AISC of $1,200 per ounce on gold sales of 97,445 ounces, including 19,151 ounces of gold sold at Didipio.
- YTD revenue of $536.1 million with adjusted Earnings before Interest, Depreciation and Amortisation ("EBITDA") of $259.2 million and adjusted net profit of $111.7 million or $0.16 per share
- Third quarter revenue of $204.6 million with adjusted EBITDA of $97.3 million and adjusted net profit of $53.0 million or $0.07 per share.
- Total immediate available liquidity of $143.2 million, including $113.2 million in cash and $30.0 million in available undrawn credit facilities as at September 30, 2021.
- Successfully completed transport of Didipio gold-copper concentrate in inventory early in the fourth quarter.
- Commenced underground mining at Didipio, one month ahead of schedule and delivery of underground ore underway.
- Paul Benson appointed Chairman of the Board effective from 1 October 2021.
- Full year 2021 production guidance of 350,000 to 370,000 gold ounces at AISC of $1,200 to $1,250 per ounce sold reaffirmed.
Can't believe OGC was thinly traded after releasing yesterday's Q3 results
OceanaGold Corp (OGC) :
"Patience is a virtue" as they say..
Cheers tela
OceanaGold Corp (OGC) :
- Q3 NET PROFIT A$53.0 MILLION
- CONSOLIDATED Q3 GOLD PRODUCTION OF 79,177 OUNCES
- Q3 REVENUE OF A$204.6 MILLION
- FULL YEAR 2021 PRODUCTION GUIDANCE OF 350,000 TO 370,000 GOLD OUNCES
- Q3 ADJUSTED NET PROFIT OF A$53.0 MILLION
- EXPECTS A STRONGER Q4 AND 2022
- EXPECTS MACRAES' GOLD PRODUCTION FOR FULL YEAR BETWEEN 138,000 -143,000 OUNCES OF GOLD
- RAMPING UP DIDIPIO COPPER MINE OUTPUT DURING REMAINDER OF 2021/22
"Patience is a virtue" as they say..
Cheers tela
OGC: Outlook Improving On Didipio Restart
Oct. 31, 2021 1:20 AM SeekingAlpha article
Summary:
OceanaGold released its Q3 results last week, reporting quarterly production of ~79,200 ounces at all-in sustaining costs of $1,200/oz.
The major news was the restart of mining at Didipio, following a 25-year renewal of the Financial or Technical Assistance Agreement.
With significant contribution from Didipio once it reaches full production, and operations continuing to improve at Haile with a focus on free cash flow, the outlook is improving considerably.
Given OceanaGold's path towards higher production at significantly lower costs starting in 2023, I would view any pullbacks below US$1.60 as low-risk buying opportunities.
Oct. 31, 2021 1:20 AM SeekingAlpha article
Summary:
OceanaGold released its Q3 results last week, reporting quarterly production of ~79,200 ounces at all-in sustaining costs of $1,200/oz.
The major news was the restart of mining at Didipio, following a 25-year renewal of the Financial or Technical Assistance Agreement.
With significant contribution from Didipio once it reaches full production, and operations continuing to improve at Haile with a focus on free cash flow, the outlook is improving considerably.
Given OceanaGold's path towards higher production at significantly lower costs starting in 2023, I would view any pullbacks below US$1.60 as low-risk buying opportunities.
release 04/11/21 @ 16:20
Download/read this announcement available on link below
https://www.marketindex.com.au/asx/ogc
Cheers tela
- OceanaGold OGC Announces Start of Processing at Didipio !
Download/read this announcement available on link below
https://www.marketindex.com.au/asx/ogc
Cheers tela
