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BRIEF-Oceanagold Corp says qtrly core earnings $66.9 mln

Published 23/02/2017, 06:07 pm
© Reuters.  BRIEF-Oceanagold Corp says qtrly core earnings $66.9 mln
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Feb 23 (Reuters) - Oceanagold Corp OGC.AX :

* "Achieved record full year revenue of $628.6 million and net profit of $136.5 million"

* "Achieved EBITDA of $283.6 million for full year and $66.9 million for Q4"

* "Reported quarterly revenue of $147.4 million and net profit of $42.6 million in Q4"

* Declared semi-annual dividend of $0.01 per common share

* "With growth in production and higher margins expected in 2017, we are further strengthening our financial results and balance sheet"

* In 2017, company expects to produce 550,000 to 610,000 ounces of gold and 15,000 to 17,000 tonnes of copper

* Commissioning of Haile continues to advance well and we expect to announce commercial production early in Q2

* Sees 2017 sector leading all-in sustaining costs range from $600 to $650 per ounce sold

* "DENR order remains under appeal with office of president in Philippines. Didipio mine continues to operate without interruption" Source text for Eikon: Further company coverage: OGC.AX

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