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BRIEF-Oceanagold Corp Says Annual Gold Production 470,601 Ounces

Published 30/01/2020, 05:59 pm
© Reuters.  BRIEF-Oceanagold Corp Says Annual Gold Production 470,601 Ounces
OGC
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Jan 30 (Reuters) - OceanaGold Corp OGC.AX :

* ANNUAL GOLD PRODUCTION OF 470,601 OUNCES

* ANNUAL COPPER PRODUCTION OF 10,255 TONNES

* FULL YEAR 2019 ALL-IN SUSTAINING COSTS OF $1,061 PER OUNCE

* EXPECTS INCREASED GOLD PRODUCTION WITH CONTINUED DECREASE IN AISC FOR 2020

* PRODUCTION IN SECOND HALF OF YEAR IS EXPECTED TO DELIVER TWO-THIRDS OF YEAR'S GOLD OUTPUT AT SIGNIFICANTLY LOWER AISC

* VARIABILITY IN PRODUCTION AND COSTS RELATE TO MINE SEQUENCING

* Q4 EXPECTED TO DELIVER HIGHEST PRODUCTION; Q1 EXPECTED TO HAVE LOWEST PRODUCTION FOR YEAR

* EXPECTS TO HAVE 15 KOMATSU 730-E HAUL TRUCKS IN OPERATION IN Q2 TO SUPPORT MINING ACTIVITIES

* FOR 2020, WILL BRING FORWARD MINING OF HAILE AND MILL ZONE PHASE 2 PITS, BOTH PREVIOUSLY SCHEDULED FOR MINING IN 2021

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