OceanaGold Corp. has increased its 2018 consolidated gold production guidance on the back of strong operating performance and improvements to the mine plan at the Didipio Operation, the company said. As a result, the company’s 2018 gold production guidance range has been revised upward and now sits at 500,000 ounces (oz) to 540,000 oz.
“We have had a strong operating and financial performance in the first half of this year with our operations achieving better than expected results,” said Mick Wilkes, president and CEO, OceanaGold. “With the improvement to the mine plan, Didipio continues to outperform and present opportunities for further optimization while ramp-up of the underground is progressing nicely.”
Haile has seen a strong performance with recent solid plant performance and mining activities are gradually improving, he said. “In New Zealand, after a slow start Waihi is back on track while Macraes is slightly exceeding expectations with improved plant performance and a steady feed of higher grade ore from Coronation North,” he added.
With the increase to its production guidance and its financial performance, OceanaGold fully expects to maintain its standing as one of the most profitable gold companies globally.