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OceanaGold Haile Optimisation study delivers enhanced value
Jun. 26, 2017 08:51AM PST
Precious MetalsOceanaGold Corporation (TSX/ASX: OGC) (the “Company”) is pleased to announce the completion of the Haile Optimisation Study (“Optimisation Study” or “Study”) where results demonstrate enhanced value through upgraded mineral reserves, increased annual gold production, longer mine life and robust economics. As quoted in the press release: Mick Wilkes, OceanaGold President and CEO said, “The solid …
OceanaGold Corporation (TSX/ASX: OGC) (the “Company”) is pleased to announce the completion of the Haile Optimisation Study (“Optimisation Study” or “Study”) where results demonstrate enhanced value through upgraded mineral reserves, increased annual gold production, longer mine life and robust economics.
As quoted in the press release:
Mick Wilkes, OceanaGold President and CEO said, “The solid economics of the Haile Optimisation Study clearly demonstrate what we have long believed to be the inherent value of this top-tier asset in South Carolina. Mineral reserves have now increased over 70% from original estimates, supporting increased annual production while increasing mine life to at least 16 years. The maiden reserve at the Horseshoe deposit of 0.44 Moz and a larger open pit operation within our existing land package is a positive outcome.”
