Business Review Australia - March 2016_

MINING

http://www.oceanagold.com 51

Philippines, the company delivered

record annual gold production and

throughput with 127,086 ounces

of gold produced along with 3.58

million tons of ore processed. The

company recorded unaudited

consolidated All-In Sustaining Costs

(“AISC”) of $709 per ounce sold and

cash costs of $458 per ounce sold,

both within the 2015 cost guidance

range.

In addition, OceanaGold

completed commissioning of the

power grid connection at Didipio.

The operation is now operating

on grid power and the Company

expects lower processing costs

than in previous years. Development

OCEANAGOLD CORP.

“Through our success, we have to be mindful to stay

humble and just keep putting one foot in front of the

other. It’s all about big vision—small steps.”

• Mick Wilkes, OceanaGold’s Managing Director and CEO