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MELBOURNE, Oct. 26, 2016 /CNW/ - OceanaGold Corporation
(TSX/ASX/NZX: OGC) (the "Company") announces with great
sorrow that James Denham Shale, Lead
Non-Executive Director of the Company's Board of Directors, passed
away suddenly on October 24,
2016.
Denham was a practicing lawyer in New
Zealand where he was previously the Chairman of Kensington Swan, a leading New Zealand law firm. Denham was appointed as
a Director of OceanaGold Limited in February
2004 and in 2007, following the merger between OceanaGold
and Climax Mining, Denham was appointed as the Lead Non-Executive
Director of OceanaGold Corporation. Over the past 25 years, Denham
served on the board of a number of other prominent Australian and
New Zealand listed
companies. He was also a past President and a Distinguished
Fellow of the Institute of Directors in New Zealand.
Jim Askew, Chairman of the Board
of Directors said, "We are all deeply saddened by the unexpected
passing of Denham. He was an architype gentleman and a very highly
respected member of the Board, whose contribution, invaluable
advice, guidance and friendship will be sorely missed by everyone.
On behalf of the Board of Directors, management and everyone at the
Company, we extend our thoughts and deepest sympathies to Denham's
family and friends. He will be greatly missed."
Mr. Askew added, "On a personal note, Denham was one of the most
consummate company directors I've ever had the good fortune to work
with, he never shirked the challenges which inevitably occur in
public life, drew great joy from the wonderful community
development and environmental successes of OceanaGold and was a
constant strength to all who had the privilege to serve with him. I
will miss him very much."
About OceanaGold
OceanaGold Corporation is a mid-tier, low-cost, multinational
gold producer with assets located in the
Philippines, New Zealand
and the United States. The
Company's assets encompass its flagship operation, the Didipio
Gold-Copper Mine located on the island of Luzon in the Philippines. On the North Island of
New Zealand, the Company operates
the high-grade Waihi Gold Mine while on the South Island of
New Zealand, the Company operates
the largest gold mine in the country at the Macraes Goldfield which
is made up of a series of open pit mines and the Frasers
underground mine. In the United
States, the Company is currently constructing the Haile Gold
Mine, a top-tier asset located in South
Carolina along the Carolina Terrane. The Company expects the
Haile Gold Mine to commence commercial production in early 2017.
OceanaGold also has a significant pipeline of organic growth and
exploration opportunities in the Asia-Pacific and Americas regions.
OceanaGold has operated sustainably over the past 26 years with
a proven track record for environmental management and community
and social engagement. The Company has a strong social license to
operate and works collaboratively with its valued stakeholders to
identify and invest in social programs that are designed to build
capacity and not dependency.
In 2016, the Company expects to produce 385,000 to 425,000
ounces of gold from the combined New
Zealand and Didipio operations and 19,000 to 21,000 tonnes
of copper from the Didipio operation at All-In Sustaining Costs of
US$700 to US$750 per ounce.
SOURCE OceanaGold Corporation