Business Review Australia - March 2016_

(WallPaper) #1

a solid return for shareholders and
made significant social investment
in the communities where we
operate,” said Mick Wilkes,
President and CEO.
“We not only exceeded our
gold production guidance but
did so at sector leading low costs
while further improving on our
environment, health and safety
record.”


Acquisitions and
Developments
Last year also saw OceanaGold
complete the acquisition of


Romarco Minerals, securing
ownership of the Haile Gold Mine
in South Carolina, USA, as well as
completing the acquisition of the
Waihi Gold Mine in New Zealand
from Newmont Mining.
Waihi produced 69,973 ounces
of gold in the second half of 2015,
being production attributable to
OceanaGold. In the fourth quarter,
Waihi produced 34,987 ounces
of gold which was slightly higher
than in the previous quarter on
the back of a higher mill feed and
better recoveries. The Company
completed the Waihi transaction

MINING

http://www.oceanagold.com 55

MINING

Mill zone starter pit - Haile Gold Mine
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