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OceanaGold: Second-Quarter Gold Production Rises

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(Kitco News) - OceanaGold Corp. (TSX, ASX: OGC) reports that gold production rose in the second quarter. The company lists consolidated output of 142,950 ounces that is up from 125,600 in the first quarter and 124,400 in the same period a year ago. Copper output of 3,919 tonnes was comparable to the first quarter but down from some 4,300 tonnes in the year-ago period. The company last month hiked its 2018 gold-production guidance range to between 500,000 and 540,000 ounces. “Expansion of the process plant at Haile is also progressing well and we expect to complete commissioning of the Pebble Crusher before the end of the month, while at Didipio, production was stronger on the back of continued ramp-up of underground operations and mining of higher grades in the breccia zone,” says Mick Wilkes, president and chief executive officer.

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