OceanaGold posts first-quarter loss but sees shiny future

Mon, 18 May 2020

A first-quarter loss has not tarnished OceanaGold's commitment to its New Zealand goldfields, on the back of the highest New Zealand currency-denominated gold prices on record. The company, which operates two gold mines in New Zealand at Waihi and Macraes, recorded a first-quarter net loss of US$26 million from revenues of US$138.2 million, reflecting curtailed operations at its New Zealand sites as a result of covid-19 lockdowns.Its four mines, also including Haile in the US and Didipio in the Philippines, produced a combine...

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