NZ mines help OceanaGold surpass $1.5b in sales

NZ mines help OceanaGold surpass $1.5b in sales
The Macraes mine in Otago is expected to take a production hit. (Image: OceanaGold)
Brent Melville
OceanaGold has reported a 30% increase in annual revenues to a record US$967.4 million (NZ$1.56 billion) for the year to December 2022 on higher gold sales out of its two New Zealand mines and ramped-up operations at its Didipio mine in the Philippines.The Toronto stock exchange-listed gold operator, the only operational gold miner in NZ, saw earnings before interest, tax, depreciation and amortisation (Ebitda) of US$382.1m, a 16% increase year-on-year with higher revenue partially offset by higher costs of sales.That was on the back of overall...

More Primary Sector

Zespri on track for 'moderate increase' in volume next year
Primary Sector

Zespri on track for 'moderate increase' in volume next year

Zespri's producer vote to expand global supply passed this week.

Riley Kennedy 12 Dec 2024
Yashili NZ revenue dropped 42%
Primary Sector

Yashili NZ revenue dropped 42%

The Chinese-owned dairy processor’s accounts were due in May.

Riley Kennedy 12 Dec 2024
Zespri growers vote in favour of expanding global supply
Primary Sector

Zespri growers vote in favour of expanding global supply

Zespri’s growers have voted to support the expansion of the kiwifruit marketer’s global supply.A total of 90.6% of voting growers and 93.3% by fruit weight voted in favour of the resolution, which will allocate up to 420 hectares of SunGold fruit per year over six years in Italy,...

Riley Kennedy 11 Dec 2024