OceanaGold returns to FY profit, declares dividend

Thu, 19 Feb 2015

By Suze Metherell Feb. 20 (BusinessDesk) - OceanaGold Corp, the gold and copper miner, returned to annual profit after its mine in the Philippines mine beat production targets. Profit was US$111.5 million in the year ended Dec. 31, from a loss of US$47.9 million a year earlier when it recognised a US$193.3 million impairment, the Melbourne-based miner said in a statement. Sales rose 1.8 percent to US$563 million, while cost of sales increased 11 percent to US$289.9 million. The board declared a 4 US cents-per-share dividend, double its an...

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