Oceana Gold

Degree of optimism at Macraes

Degree of optimism at Macraes

There appears to be a degree of optimism among 70 Oceana Gold employees, despite learning yesterday they are to lose their jobs at the Macraes gold mine.

Oceana Gold production, cost-cutting having effect

Oceana Gold production, cost-cutting having effect

Cost savings across Oceana Gold's operations, including about 150 recent redundancies, appear set to flow through its balance sheet.

Hedging of gold price resumed

Oceana Gold's share price remains volatile as it re-enters a partial forward hedging programme covering some gold production during the next two years.

Potential for damage as Oceana deliberates

Potential for damage as Oceana deliberates

The wait for more information about the scale of Oceana Gold's cutbacks may be damaging local contractors' businesses, a Dunedin business leader says.

Oceana moves to shield itself

Oceana Gold, the operator of the East Otago Macraes gold project, is attempting to shield itself from further gold-price falls by introducing a ''collar'' around the price it will receive for gold over the next two years.

Oceana tips 'strong finish' to year

Oceana tips 'strong finish' to year

After a troubled start to its calendar financial year East Otago-based Oceana Gold is reaping benefits from cost savings and predicting a ''strong finish'' to the year, underpinned by better-than-expected copper production from ramping up its Philippines gold-copper mine.

Oceana boost from third quarter production

Ocenana Gold's third quarter production has underpinned a guidance boost with the crucial cash cost to produce each gold ounce falling further.

Oceana picks up exploration company

Oceana picks up exploration company

East Otago-based Oceana Gold has bought a Central American gold and silver mine exploration company for $12.1 million in a cashless share transaction.

Oceana review puts jobs at stake

Oceana review puts jobs at stake

Redundancies at Oceana Gold - whether from a sweeping company review or separate collective contract negotiations - appear inevitable.

Oceana Gold seeks consent for pit and stack

Oceana Gold is proposing a three-year development of a new pit for ore extraction to the north of its existing East Otago mine site, which could add a year to the mine's life.

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