OceanaGold 1Q profit falls; still upbeat about full year

Tue, 30 Apr 2019

By Rebecca Howard April 30 (BusinessDesk) - OceanaGold Corp's first-quarter profit fell 72 percent as operating costs rose but it remains upbeat that full-year production will improve. The mining company has extended the life of its cornerstone Macraes mine in Otago and is still looking for ways to extract more from the site. "The company expects production in the second half of 2019 to be stronger than in the first half while costs are expected to be lower," it said in a release to the Australian stock exchange. Net profit was U...

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