OceanaGold's Macraes gold mine misses production target

Thu, 18 Jan 2018

By Paul McBeth Jan. 19 (BusinessDesk) - OceanaGold Corp's Macraes gold mine in Otago missed its production target for 2017, taking longer to access higher grade ore than anticipated, but expects increased extraction this year. The Melbourne-based mining operator produced 160,266 ounces of gold at the Macraes site in calendar 2017, below its forecast production of between 180,000 and 190,000 ounces, it said in a statement yesterday. OceanaGold produced 149,086 ounces of gold at New Zealand's biggest gold mine in 2016, having discovered a...

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