OceanaGold raises 2015 production estimate to reflect Waihi acquisition

Mon, 31 Aug 2015

By Tina Morrison Sept. 1 (BusinessDesk) - OceanaGold Corp expects 2015 production to increase while costs fall after the gold miner takes control of Waihi Gold Mine later this year. The acquisition of the Waihi mine from Newmont Mining Corp is awaiting approval from the Overseas Investment Office this month, and once completed, OceanaGold expects to assume the economic benefits and costs associated with Waihi from July 1, the Melbourne-based miner said in a statement. The company increased its 2015 production estimates, and reduced its co...

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