OceanaGold: Successful IPO of the Didipio Mine in the Philippines and Chart Analysis

OceanaGold is a gold producer with a high leverage on the gold price. With an expected production capacity of 510,000 - 570,000 ounces of gold at all-in sustaining costs of US$ 1,475 - 1,600 per ounce of gold sold, this medium-sized gold producer participates disproportionately in the rising gold price. It was recently announced that its wholly-owned subsidiary, OceanaGold Philippines, Inc., has completed the initial public offering of 20% of the outstanding common shares of OGPI on the Philippine Stock Exchange. The share price has benefited well from the performance of the gold price and we expect the share price to continue to rise.