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MELBOURNE,
June 21, 2017
/CNW/ - OceanaGold Corporation (TSX/ASX: OGC) (the "Company")
is pleased to announce the appointment of Scott McQueen to the role of Chief Financial
Officer. Mr. McQueen has over 25 years of experience in finance and
general management in the energy and mining sectors. He is a
Certified Professional Accountant with a Bachelor's Degree in
Accounting and Economics from Monash University and a Master's
Degree in Tax Law from Melbourne
University. Mr. McQueen joined OceanaGold in
2016.
Mark Chamberlain, current
Chief Financial Officer has been appointed Executive Vice
President, Corporate Development and will relocate from
Australia to Canada following the departure of Darren Klinck, Executive Vice President,
Corporate Development to pursue his career in the
industry.
Mick Wilkes, OceanaGold
President and CEO said, "I thank Darren for his invaluable
contribution to OceanaGold over the past 10 years. He has been an
instrumental part of the leadership team and a consummate
professional who helped put the Company on the map in North America and led the Corporate
Development team over the past several years through two
significant acquisitions."
Mr. Wilkes added, "I am also pleased to welcome
Scott McQueen to the Executive
Management Committee at OceanaGold where his strong experience and
background will be a valuable addition to the leadership team. I
also wish to thank Mark Chamberlain
for playing a pivotal role as Chief Financial Officer, where he
restructured the Company's debt structure and helped strengthen our
balance sheet over the past several years. His strong financial
acumen and experience will serve him and the team well in Corporate
Development."
About OceanaGold
OceanaGold Corporation is a mid-tier, high-margin,
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 commissioning the Haile
Gold Mine, a top-tier asset located in South Carolina. The Company expects the Haile
Gold Mine to commence commercial production in the third quarter of
2017. OceanaGold also has a significant pipeline of organic growth
and exploration opportunities in the Americas and Asia-Pacific regions.
OceanaGold has operated sustainably over the past 27 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 2017, the Company expects to produce 550,000 to 610,000
ounces of gold and 15,000 to 17,000 tonnes of copper with sector
leading All-In Sustaining Costs that range from $600 to $650 per ounce sold.
Cautionary Statement for Public Release
Certain information contained in this public release may
be deemed "forward-looking" within the meaning of applicable
securities laws. Forward-looking statements and information relate
to future performance and reflect the Company's expectations
regarding the generation of free cash flow, execution of business
strategy, future growth, future production, estimated costs,
results of operations, business prospects and opportunities of
OceanaGold Corporation and its related subsidiaries. Any statements
that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (often, but not always, using words
or phrases such as "expects" or "does not expect", "is expected",
"anticipates" or "does not anticipate", "plans", "estimates" or
"intends", or stating that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be
achieved) are not statements of historical fact and may be
forward-looking statements. Forward-looking statements are subject
to a variety of risks and uncertainties which could cause actual
events or results to differ materially from those expressed in the
forward-looking statements and information. They include, among
others, the accuracy of mineral reserve and resource estimates and
related assumptions, inherent operating risks, sovereign risks,
risk of suspension and those risk factors identified in the
Company's most recent Annual Information Form prepared and filed
with securities regulators which is available on SEDAR at
www.sedar.com under the Company's name. There are no
assurances the Company can fulfil forward-looking statements and
information. Such forward-looking statements and information are
only predictions based on current information available to
management as of the date that such predictions are made; actual
events or results may differ materially as a result of risks facing
the Company, some of which are beyond the Company's control.
Although the Company believes that any forward-looking statements
and information contained in this press release is based on
reasonable assumptions, readers cannot be assured that actual
outcomes or results will be consistent with such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements and information. The Company expressly
disclaims any intention or obligation to update or revise any
forward-looking statements and information, whether as a result of
new information, events or otherwise, except as required by
applicable securities laws. The information contained in this
release is not investment or financial product advice.
SOURCE OceanaGold Corporation