OceanaGold Reports Second Quarter 2016 Operational and Financial Results

OceanaGold (TSX:OGC) has released its financial and operational results for the quarter and half year ending June 30, 2016.
As quoted in the press release:

Key Highlights

• Continued to advance the construction of the Haile Gold Mine which remains on track for first ore in the mill at the end of 2016.
• Consolidated production of 225,339 ounces of gold and 12,244 tonnes of copper in the first half of 2016 including 102,557 ounces of gold and 6,272 tonnes of copper produced in the second quarter.
• Consolidated year-to-date All-In Sustaining Costs of $722 per ounce and cash costs of $456 per ounce on sales of 233,293 ounces of gold and 10,858 tonnes of copper.
• Revenue of $330.8 million with an EBITDA of $155.2 million and a net profit of $63.2 million in the first half of 2016.  Revenue of $169.8 million with an EBITDA of $77.3 million and a net profit of $39.7 million in the second quarter.
• Increased liquidity through amendment of the revolving credit facility from $250 million to $300 million with existing multinational banking group.
• Exited the second quarter with $221 million in total liquidity including $104 million in cash.
• Continued exploration success at Coronation North with significant intersections.
• Recorded Total Recordable Injury Frequency Rate of 3.37 per million man hours worked.

Click here to read the full press release.