“The Waihi Operation represents a
strong strategic fit with our existing
business, and we are excited to
welcome this high quality asset and
its talented team into OceanaGold,”
said Wilkes. “Our ambition is to be
the gold producer of choice globally
and our strategy to get there is
invest in high quality assets.”
Waihi is comprised of two areas:
the Martha Open Pit and associated
underground mines, including the
Correnso Underground mine, whichis the current active operation at
the site producing approximately
130,000 ounces of gold each year.
According to OceanaGold, Waihi
has a combined open pit and
underground Proved and Probable
Reserves estimated as 1.52 Mt
at 6.33 g/t Au and 24.0 g/t Ag
containing 310 koz of gold and 1,173
koz of silver.
“We purchased Waihi with a three
year mine life and we fully expect to
extend that through exploration andWaihi underground mineInterchem Agencies Limited
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