/NOT FOR DISSEMINATION OR DISTRIBUTION IN
THE UNITED STATES AND NOT FOR
DISTRIBUTION TO US NEWSWIRE SERVICES./
MELBOURNE, April 1, 2020 /CNW/ - OceanaGold Corporation
(TSX: OGC) (ASX: OGC) (the "Company") wishes to inform that
the Government of South Carolina
announced that all "non-essential" businesses are required to shut
down effective April 1, 2020 and for
a duration of 14 days.
Under the state guidelines, the status of the Haile Gold Mine
remains unchanged and operations are not impacted by this state
government directive. The Haile operation has demonstrated strict
protocols and controls it has in place to maintain a high standard
of health and safety.
The Haile operation has not had any confirmed cases of COVID-19
among any of its employees or contractors. For the past three
weeks, the Haile operation has only permitted entry to essential
employees and contractors. All administrative staff have been
working at home where possible and in self-isolation. The Haile
leadership team have implemented schedule rotations on and off site
to ensure the continuity of leadership for the operation. All
equipment and facilities are regularly cleaned and disinfected.
All employees and contractors entering and exiting the site
undergo a health screening process that includes the taking of
temperatures. Any employee or contractor exhibiting symptoms are
required to self-isolate for 14-days. Any employee or contractor
who has been in close contact with anyone that has tested positive
for COVID-19, awaiting testing results or have symptoms are
required to self-isolate for 14 days.
Each shift has been split into smaller groups of less than three
with social distancing implemented within these smaller groups
which also allows the Company to isolate smaller teams if any
member of the smaller team exhibits symptoms or tests positive for
the virus.
Michael Holmes, Acting President
and CEO of OceanaGold said, "We will continue monitoring the health
and safety situation across the business and will move swiftly to
continue protecting the health and wellbeing of our workers and
supporting them through these challenging times. We remain engaged
with public health authorities in all jurisdictions."
Additional information related to the Company's COVID-19
response including specific protocols to protect the health and
safety of the workforce and local communities can be found on the
Company's website at www.oceanagold.com. The Company will use
its website and social media to provide regular updates as to the
status of its operations and workforce.
Authorised for release to market by OceanaGold Corporate Company
Secretary, Liang Tang.
www.oceanagold.com | Twitter: @OceanaGold
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 since 1990 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.
For 2020, the Company expects to produce between 360,000 and
380,000 ounces of gold from Haile, Waihi and Macraes combined at a
consolidated All-In Sustaining Costs ranging from $1,075 to $1,125
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 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 th; e 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