OceanaGold to lift gold output at cheaper cost in 2013 as Didipio comes on stream

Tue, 18 Dec 2012

By Paul McBeth Dec. 19 (BusinessDesk) - OceanaGold, which operates the Macraes gold mine near Dunedin, sees gold production climbing by as much as 44 percent in 2013 and at a much cheaper production cost as its Didipio mine in the Philippines kicks off. The Melbourne-based company sees gold production of between 285,000 ounces and 325 ounces at a cash cost of between US$650 per ounce and US$800/oz, it said in a statement. The gold miner expects to extract between 225,000 ounces and 230,000 ounces this financial year at a cost of between US$1...

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