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OceanaGold suspends operations in New Zealand due to a country-wide COVID-19 lockdown

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(Kitco News) - OceanaGold (TSX: OGC) (ASX: OGC) today confirmed that the Macraes and Waihi operations are complying with the New Zealand Government's directive to implement a country-wide Covid-19 Alert Level Four (lockdown).

The company said that temporary suspension of mining and most other activities at Macraes and Waihi began at 11.59pm Tuesday, August 16. Based on the Government's updated measures announced today, the company expects operations to remain curtailed until at least 11.59pm, Friday August 27.

"The health, safety and wellbeing of our workforce is paramount," said Michael Holmes, President and Chief Executive Officer. "To date we have not had any confirmed cases of Covid-19 amongst our employees or contractors in New Zealand. We have strict health and safety protocols in place to help keep our workers safe during these challenging times."

The company said it is maintaining feed from stockpile through the Macraes autoclave to ensure there are no potential health, safety or environmental hazards resulting from the unplanned shutdown. Critical personnel remain at each site to maintain important environmental and safety standards and ensure the security and maintenance of the operations.

OceanaGold noted that given the situation is dynamic and the duration of the lockdown is currently uncertain, the company was unable to determine the final impact on New Zealand production and related costs for the full year.

OceanaGold is a multinational gold producer and developer with a portfolio of established operating assets including Didipio mine in the Philippines; Macraes and Waihi operations in New Zealand; and Haile gold mine in the United States of America.

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