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MELBOURNE, April 26, 2018 /CNW/ - OceanaGold Corporation
(TSX/ASX: OGC) (the "Company") advises that non-executive
directors Dr Diane Garrett, Mr
William Myckatyn and Mr Jose P
Leviste Jr will not be seeking re-election to the Board of
Directors (the "Board") at the Company's upcoming Annual General
and Special Meeting of Shareholders scheduled for 1 June 2018.
The Company is pleased to announce the appointment of Mr Ian M
Reid to the Board as a Non-Executive Director with immediate
effect.
Jim Askew, Chairman of the Board
said, "We acknowledge the decision of our colleagues to retire from
the Board at the upcoming AGM, as they pursue other opportunities.
Diane joined the OceanaGold Board in 2015 and has been a valued
contributor to the Company particularly in relation to our Haile
operation as we developed this world-class asset into commercial
production last year. Bill has served on the Board for over 8 years
providing us with the benefit of his many decades of technical and
management experience in the mining industry."
Mr Askew added, "Since joining the Board in 2007, Joey has
worked tirelessly, not only around the Board table, but on the
ground in the Philippines playing
an important role for the Company through development and
operations of the Didipio Mine. The Board appreciates that Joey has
agreed to remain with the Company in an ongoing consulting
capacity.
On behalf of the Board, I sincerely thank Diane, Bill and Joey
for their Board service to OceanaGold and wish them all the very
best in their future endeavours."
Mr Askew said further, "It is with great pleasure that I
announce the appointment of Mr Ian M Reid. Ian has a long and
proven track record of running successful heavy equipment
businesses serving the mining and construction industries in
Canada and elsewhere, plus
extensive Board experience. Ian's appointment, along with that of
Nora Scheinkestel earlier this month, adds many decades of
business, Board service and mining experience to the OGC
Board."
Ian Reid held several senior
management positions in Caterpillar distributors culminating in his
appointment as President of Finning (Canada) in 1997 and retiring from that
position in 2008. Mr Reid led Finning to become one of the
largest and most successful Caterpillar equipment distributors in
the world, with 4,500 employees in more than 100 service operations
and revenues that tripled during his tenure.
Mr Reid currently serves as a non-executive director at Canadian
Western Bank, Stuart Olson Inc., Fountain Tire Ltd (Chairman),
Associated Engineering and Voice Construction OPCO ULC.
Mr Reid has a Bachelor of Commerce degree from the University of Saskatchewan in Canada and has completed the Advanced
Management Program at Harvard.
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 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 operates the Haile Gold Mine, a
top-tier, long-life, high-margin asset located in South Carolina. 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 2018, the Company expects to produce 480,000 to 530,000
ounces of gold and 15,000 to 16,000 tonnes of copper with All-In
Sustaining Costs that range from $725
to $775 per ounce sold.
SOURCE OceanaGold Corporation