OceanaGold reports record first-quarter gold output from Didipio, group sales rise 25%

Thu, 28 Apr 2016

By Jonathan Underhill April 29 (BusinessDesk) - OceanaGold, the gold and copper miner, said it achieved record gold production from its Didipio mine in the Philippines in the first quarter and lifted group sales by 25 percent, although accounting adjustments dented profit. Sales climbed to US$161 million in the March quarter, from US$129 million a year earlier, the Melbourne-based company said in a statement. While earnings before interest, tax, depreciation and amortisation jumped 28 percent to US$77.9 million, higher depreciation and am...

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