For thousands of other reports visit RSC's Mineral Intellingence Map
OceanaGold Corp.
Summary
| Project: | Haile | |
|---|---|---|
| Deposit: | Haile | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 6/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Optimisation Study | |
| Project Stage: | Active Mining & Production | |
| Report details: | 26-6-2017: OceanaGold Corp. announces a Optimisation Study report for its Haile deposit at the Haile project. Study delivers enhanced value through increased Au production and robust economics. . (MELBOURNE) OceanaGold Corporation (TSX/ASX: OGC) (the “Com | |
| Resources: | (Reserve, P.+P.) 58.2 Mt @ 1.85g/t Au for 3.46Moz | |
| CP/QP: | [Resources]: Not stated (Not stated) | |
| ABSTRACT: | (MELBOURNE) OceanaGold Corporation (TSX/ASX: OGC) (the “Company”) is pleased to announce the completion of the Haile Optimisation Study (“Optimisation Study” or “Study”) where results demonstrate enhanced value through upgraded mineral reserves, increased annual gold production, longer mine life and robust economics. Mick Wilkes, OceanaGold President and CEO said, “The solid economics of the Haile Optimisation Study clearly demonstrate what we have long believed to be the inherent value of this top-tier asset in South Carolina. Mineral reserves have now increased over 70% from original estimates, supporting increased annual production while increasing mine life to at least 16 years. The maiden reserve at the Horseshoe deposit of 0.44 Moz and a larger open pit operation within our existing land package is a positive outcome.” “We expect significant cash flow generation from Haile where the Study has determined $1.4 billion in undiscounted pre-tax cash flows on current reserves only and $1.8 billion including total current mining inventory.” He added, “Very shortly, we will commence the permitting process and work closely with the regulator and all stakeholders to advance the Haile expansion project to construction. In the meantime, we continue to ramp up operations and drill targets at depth and along strike to further add to the already significant resource base. These targets include Palomino and beneath the Snake pit both of which were not included in the study and represent potential additional value of the asset.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report