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oceana gold

BusinessMay 15

Executive belts a few notches out

Belt-tightening at Oceana Gold appears not to have reached all levels of the workforce, with the combined total remuneration to its top five executives up almost 40% last year, to $US4.36 million ($NZ5.81 million).
Executive belts a few notches out
Executive belts a few notches out
BusinessMay 15

Oceana Gold buys stake in Nevada prospector

Cash-rich Oceana Gold has bought a 14.9% stake in Canadian gold exploration company Gold Standard Ventures Inc which is exploring for gold in northern Nevada.
BusinessMarch 16

Oceana spending $8m on Macraes search

Oceana Gold has indicated exploration is continuing at its mainstay Macraes site in East Otago, and spending has been boosted to $8 million during the next two years.
BusinessJanuary 4

Oceana starts to wind down NZ mines

The new year could herald the beginning of the end of Oceana Gold's New Zealand operations, with the winding down of some West Coast and Otago production.
Oceana starts to wind down NZ mines
Oceana starts to wind down NZ mines
North OtagoJanuary 25

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.
Degree of optimism at Macraes
Degree of optimism at Macraes
BusinessJanuary 22

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.
BusinessJanuary 22

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.
Oceana Gold production, cost-cutting having effect
Oceana Gold production, cost-cutting having effect
DunedinJanuary 10

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.
Potential for damage as Oceana deliberates
Potential for damage as Oceana deliberates
BusinessJanuary 8

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.
BusinessNovember 15

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 tips 'strong finish' to year
Oceana tips 'strong finish' to year
BusinessOctober 30

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.
BusinessOctober 9

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 picks up exploration company
Oceana picks up exploration company
BusinessAugust 16

Oceana review puts jobs at stake

Redundancies at Oceana Gold - whether from a sweeping company review or separate collective contract negotiations - appear inevitable.
Oceana review puts jobs at stake
Oceana review puts jobs at stake
BusinessAugust 6

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.
BusinessJuly 29

Ominous signs for Oceana staff

Speculation is mounting on the outcome of a business-wide review of all operations by Oceana Gold, one of Otago's largest employers.
Ominous signs for Oceana staff
Ominous signs for Oceana staff
BusinessJuly 26

Macraes project praised

Hopes are high the review of Oceana Gold's operations - particularly of its Macraes gold project - will not cut deeply into the Otago economy.
Macraes project praised
Macraes project praised
BusinessJuly 25

Macraes cutbacks part of review

Oceana Gold announced cutbacks at its Macraes mine yesterday as the company reduces operating expenditure by about $US100 million ($NZ125 million) over the next 18 months, as part of a company-wide review of operations.
Macraes cutbacks part of review
Macraes cutbacks part of review
BusinessJune 28

Oceana to 'mothball' Reefton gold mine

Oceana Gold will ''mothball'' its Reefton open pit mine by mid-2015 because of the declining gold price.
BusinessJune 25

Oceana likely to close Reefton early

Oceana Gold's Globe Progress open pit mine at Reefton on the West Coast could have its mine life slashed in half to about two years.
Oceana likely to close Reefton early
Oceana likely to close Reefton early
BusinessJune 21

Thrift for Oceana's NZ mines

Oceana Gold has released a bold market update, predicting it will be operating up to four mines in several countries within five years, but fired a surprise warning shot across the bows of its mainstay New Zealand operations.
BusinessJune 21

Shares hit 4-year low as minerals lose shine

Oceana Gold's share price has plunged 66% from its year-high of $4.50 last October, falling to a more than four-year low of $1.52 yesterday.
BusinessJune 13

Gold-mining shares plummet

Shares in New Zealand and Australia's largest gold producers have bombed in recent weeks, with Australian giant Newcrest Mining shedding $A9 billion ($NZ10.72 billion) in share value during the past year.
Gold-mining shares plummet
Gold-mining shares plummet
BusinessMay 20

Oceana includes first Didipio returns

Oceana Gold has formally moved to include gold and copper production from its newly commissioned northern Philippines mine on its balance sheet.
BusinessApril 30

Oceana quarterly profit down 70%

Oceana Gold has booked a $US7.1 million ($NZ8.3 million) after-tax profit for the quarter to March, but that was down 70% on the previous quarter's profit.
Oceana quarterly profit down 70%
Oceana quarterly profit down 70%
BusinessApril 12

Gold yields looking good in test-drilling for Blackwater

Oceana Gold's exploration at the historic underground Blackwater gold mine near Reefton on the West Coast has returned very high gold grades from the last phase of its deep-drilling programme.