/NOT FOR DISSEMINATION OR DISTRIBUTION IN
THE UNITED STATES AND NOT FOR
DISTRIBUTION TO US NEWSWIRE SERVICES./
MELBOURNE, April 28, 2020 /CNW/ - OceanaGold Corporation
(TSX: OGC) (ASX: OGC) (the "Company") informs that at
midnight Tuesday April 28, the New
Zealand Government decreased the Country's COVID-19 alert level
from alert level four, where only essential businesses and work is
permitted, to alert level three, at which additional businesses can
resume operating if they can demonstrate required safe operating
practices.
The Company is well prepared to operate under alert level three
and has clearly demonstrated this through its strict health and
hygiene protocols and safe operating practices at Macraes and
Waihi.
At Waihi, the development of the Martha Underground along with
regional exploration activities have resumed while adhering to the
required safe practices. At Macraes, the Company has resumed mining
and processing activities under strict and safe operating
practices.
All administrative staff and other employees that can work from
home will continue to do so for the duration of the level three
alert period. Any of the Company's employees or contractors with
underlying health concerns, or those deemed at risk, will remain at
home until it can be established that it is safe and appropriate
under government guidelines to return to work.
As a result of these changes, and with Haile operating at full
capacity, the Company reaffirms its 2020 guidance.
Michael Holmes, President and CEO
of OceanaGold said, "We continue to recognise and support the New
Zealand Government's strong action to stop the spread of COVID-19.
The health and wellbeing of our workforce is paramount and the safe
working practices at both the Waihi and Macraes operations align
well with the Government's directives."
"At OceanaGold, safe operating practices include effective
health screening procedures, physical distancing, contact tracing
and restricted site access to essential employees and contractors
only. With these strict protocols in place, we have resumed mining
and processing at Macraes and development of the Martha
Underground."
"We continue to be focused on managing the near-term risks while
executing on our operational plans, working with the Philippine
government to renew our FTAA and resume operations at Didipio, and
advancing our solid pipeline of organic growth opportunities
including the Martha Underground. Our ongoing capital investments
in New Zealand will not only
create long-term value for our shareholders but will also create
jobs and significant regional socio-economic benefits for
New Zealand."
To date, the Company has not had any confirmed cases of COVID-19
among any of its employees or contractors. 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, and subject to the cautionary statement below, 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, achievement of
guidance, 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
outbreak of an infectious disease, 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 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