OGC - Oceana Gold

The new Philippines president is a nutter, a complete crazy, its disgraceful...

So_Cynical said:

The new Philippines president is a nutter, a complete crazy, its disgraceful...

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I assume you have some OGC from that comment?

So_Cynical said:

The new Philippines president is a nutter, a complete crazy, its disgraceful...

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qldfrog said:

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.

qldfrog said:

I assume you have some OGC from that comment?

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No not a holder, do have some interests in the PH.

So_Cynical said:

The new Philippines president is a nutter, a complete crazy, its disgraceful...

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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.

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.

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.

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

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.

Is there life in this stock? It's been plumetting nonstop even with small bounces in gold price.

joeno said:

Is there life in this stock? It's been plumetting nonstop even with small bounces in gold price.

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With no contact and isolation, OGC expats are probably at lowest ebb of their productivity. Wait for better days .

Thanks for your opinion. I fear we're in a death spiral. I don't have much in this stock but there are other gold miners are looking more attractive

joeno said:

Thanks for your opinion. I fear we're in a death spiral. I don't have much in this stock but there are other gold miners are looking more attractive

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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


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

Telamelo said:

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.

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

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Thanks mate for breaking the drought on OGC thread after 16 months from last posting.
Surely lady luck will cherish your investment.

Miner said:

Thanks mate for breaking the drought on OGC thread after 16 months from last posting.
Surely lady luck will cherish your investment.

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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.

Scott Sullivan, Chief Operating Officer & Acting CEO of OceanaGold said, "I am very pleased with the financial performance of the business driven by strong EBITDA and profits.

Can't believe OGC was thinly traded after releasing yesterday's Q3 results

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.

release 04/11/21 @ 16:20

• 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