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News: OGC Oceanagold Corp Says Annual Gold Production 470,601 Ounces

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    Jan 30 (Reuters) - OceanaGold Corp (OGC) :

    • ANNUAL GOLD PRODUCTION OF 470,601 OUNCES
    • ANNUAL COPPER PRODUCTION OF 10,255 TONNES
    • FULL YEAR 2019 ALL-IN SUSTAINING COSTS OF $1,061 PER OUNCE
    • EXPECTS INCREASED GOLD PRODUCTION WITH CONTINUED DECREASE IN AISC FOR 2020
    • PRODUCTION IN SECOND HALF OF YEAR IS EXPECTED TO DELIVER TWO-THIRDS OF YEAR'S GOLD OUTPUT AT SIGNIFICANTLY LOWER AISC
    • VARIABILITY IN PRODUCTION AND COSTS RELATE TO MINE SEQUENCING
    • Q4 EXPECTED TO DELIVER HIGHEST PRODUCTION; Q1 EXPECTED TO HAVE LOWEST PRODUCTION FOR YEAR
    • EXPECTS TO HAVE 15 KOMATSU 730-E HAUL TRUCKS IN OPERATION IN Q2 TO SUPPORT MINING ACTIVITIES
    • FOR 2020, WILL BRING FORWARD MINING OF HAILE AND MILL ZONE PHASE 2 PITS, BOTH PREVIOUSLY SCHEDULED FOR MINING IN 2021
 
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