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OceanaGold: Five-Year Plan to Increase Production and Reduce Costs

05:56 MIN 336

Corporate update from the global gold producer. The 2021 production range is 340,000 to 380,000 gold ounces with AISC of $1,050 to $1,200 per ounce sold, reflecting a production increase of approximately 20% over 2020 at approximately 12% lower AISC.

 Five-year production is expected to increase to over 500,000 ounces of gold with higher margins at lower costs and declining expansionary capital investment. The strong production outlook is supported by the completion of low-cost organic growth projects in favorable jurisdictions in North America and New Zealand.