OceanaGold full year profit falls, despite Q4 uplift; shares dip

Thu, 14 Feb 2013

Feb. 15 (BusinessDesk) - OceanaGold Corp's after-tax profit for the 2012 calendar year more than halved from the previous year despite a 55 percent increase in gold production in the fourth quarter compared to the previous three months to Sept. 30. The Melbourne-based New Zealand and Filipino gold miner declared a tax-paid profit of US$20.67 million, down from US$44.17 million the previous year, reflecting lower overall production from its South Island mines and costs of developing the Didipio project in the Philippines, which produced first...

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