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BRIEF-OceanaGold Posts Q2 Revenue Of $95.8 Million

Published 30/07/2020, 08:31 pm
© Reuters.
OGC
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July 30 (Reuters) - OceanaGold Corp OGC.AX :

* Q2 REVENUE OF $95.8 MILLION

* REVISED 2020 PRODUCTION GUIDANCE FROM 360,000 TO 380,000 TO 340,000 TO 360,000 OUNCES

* CONSOL Q2 GOLD PRODUCTION OF 58,678 OUNCES AT AISC OF $1,265 PER OUNCE

* Q2 NET LOSS $31.4 MILLION VERSUS PROFIT $15.3 MILLION

* FY CONSOLIDATED AISC REVISED DOWNWARD SLIGHTLY TO $1,050 TO $1,100 PER OUNCE SOLD

* EXPECT INCREASED PRODUCTION AT LOWER AISC IN H2 FROM BOTH HAILE AND MACRAES

* HAILE AND MACRAES Q4 EXPECTED TO BE STRONGEST QUARTER OF YEAR

* NOW EXPECT MACRAES TO PRODUCE BETWEEN 140,000 & 150,000 OUNCES OF GOLD IN FY AT CORRESPONDINGLY HIGHER CASH COST & AISC

* AS AT JUNE 30, NET DEBT INCREASED QUARTER-ON- QUARTER TO $169.6 MILLION

* CONSOLIDATED Q2 GOLD SALES OF 61,955 OUNCES

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