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MELBOURNE , Nov. 25, 2019 /CNW/ – OceanaGold Corporation (TSX: OGC / ASX: OGC) (the “Company”) is admiring to advertise it has adapted its absolute $200 actor Revolving Acclaim Ability (“Facility”) with its cyberbanking partners: Scotiabank, Citi, HSBC, Commonwealth Coffer of Australia , Natixis and BNP Paribas.

The key changes accommodate the abolishment of the 2019 amortisation or “step-down” with the Ability absolute at $200 actor , accumulated with an addendum of the Ability now crumbling in December 31, 2021 . All added altitude abide banausic and claim of any fatigued bulk above-mentioned to ability charcoal at the Company’s discretion.



Mick Wilkes , President and CEO of OceanaGold said, “The amendments to the acclaim ability reflect the able aplomb that our lenders accept in our business. We are admiring to extend our abiding affiliation with our bunch coffer group, the majority of whom accept partnered with OceanaGold for abounding years.”



“We are aflame about our advance opportunities, decidedly at the Waihi Gold Abundance in New Zealand area we are transitioning from the absolute Correnso Underground to the Martha Underground. We apprehend a 12-month gap in assembly from aback Correnso finishes in aboriginal 2020 to the alpha of assembly from the new Martha Mine, appearance a new era for the ample Waihi operation. In addition, the Waihi commune study, due out in the aboriginal bisected of 2020, will outline the broader amount conception befalling that exists for investors and added stakeholders.”

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“We abide to accomplish solid analysis after-effects from Martha Underground, area we accept developed the Martha Underground ability from aught alone a few years ago to 331,000 ounces in M&I and 667,000 in Inferred.  In addition, we are targeting accession 8 to 10 actor tonnes allocation 4 to 6 grams per tonne. Conduct additionally continues arctic of Waihi at Wharekirauponga (WKP) area added recently, conduct of the East Graben attitude intersected a beauteous 25 metres @ 38.7 g/t gold. We apprehend to absolution a new broadcast ability at WKP in the abutting few months.”

“There is no agnosticism it has been a arduous year for the Company, but we still accept a abundant business and abide to assignment adamantine to bear the constant absolute achievement and allotment that we accept delivered for so abounding years.”

“In the Philippines we accept been alive with Government and authoritative authorities on the Banking or Technical Assistance Agreement (FTAA) face-lifting aback March 2018 , and our regulators accept accustomed the face-lifting aback to the Office of the President, based on our abounding acquiescence with the FTAA agreement and conditions. Although it has taken some time, we accept acceptable assurance and abutment from the Government of the Philippines and abide to see progress. Our Didipio Abundance is a arrangement for amenable mining in the Philippines and globally, carrying aberrant operating performance, safety, ecology achievement and abutment from the bounded community.”

Our Haile Gold Abundance is a abundant asset and we are in the action of authoritative it an outstanding asset. It hasn’t been after its challenges about we accept able operational administration in abode that will abide to drive improvements by accretion productivities and abbreviation our amount abject while continuing to aggrandize the mine. We abide to apprehend college assembly and bigger achievement in the fourth division at Haile.”

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About OceanaGold

OceanaGold Corporation is a mid-tier, high-margin, bunch gold ambassador with assets amid in the Philippines , New Zealand and the United States . The Company’s assets beset the Didipio Gold-Copper Abundance amid on the island of Luzon in the Philippines . On the Arctic Island of New Zealand , the Company operates the high-grade Waihi Gold Abundance while on the South Island of New Zealand , the Company operates the better gold abundance in the country at the Macraes Goldfield which is fabricated up of a alternation of accessible 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 amid in South Carolina . OceanaGold additionally has a cogent activity of amoebic advance and analysis opportunities in the Americas and Asia-Pacific regions.

Story continues

OceanaGold has operated sustainably aback 1990 with a accurate track-record for ecology administration and association and amusing engagement. The Company has a able amusing authorization to accomplish and works collaboratively with its admired stakeholders to analyze and advance in amusing programs that are advised to body accommodation and not dependency.

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In 2019, the Company expects to aftermath amid 460,000 to 480,000 ounces of gold and 10,000 to 11,000 tonnes of chestnut at All-In Sustaining Costs alignment amid $1,040 and $1,090 per ounce sold.

Cautionary Statement for Accessible Absolution

Certain admonition independent in this accessible absolution may be accounted “forward-looking” aural the acceptation of applicative balance laws. Advanced statements and admonition chronicle to approaching achievement and reflect the Company’s expectations apropos the bearing of chargeless banknote flow, beheading of business strategy, approaching growth, approaching production, estimated costs, after-effects of operations, business affairs and opportunities of OceanaGold Corporation and its accompanying subsidiaries. Any statements that accurate or absorb discussions with account to predictions, expectations, beliefs, plans, projections, objectives, assumptions or approaching contest or achievement (often, but not always, application words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or advertence that assertive actions, contest or after-effects “may”, “could”, “would”, “might” or “will” be taken, action or be achieved) are not statements of absolute actuality and may be advanced statements. Advanced statements are accountable to a array of risks and uncertainties which could account absolute contest or after-effects to alter materially from those bidding in the advanced statements and information. They include, amid others, the accurateness of mineral assets and ability estimates and accompanying assumptions, inherent operating risks and those accident factors articular in the Company’s best contempo Annual Admonition Form able and filed with balance regulators which is accessible on SEDAR at www.sedar.com beneath the Company’s name. There are no assurances the Company can fulfil advanced statements and information. Such advanced statements and admonition are alone predictions based on accepted admonition accessible to administration as of the date that such predictions are made; absolute contest or after-effects may alter materially as a aftereffect of risks adverse the Company, some of which are above the Company’s control.  Although the Company believes that any advanced statements and admonition independent in this columnist absolution is based on reasonable assumptions, readers cannot be assured that absolute outcomes or after-effects will be constant with such statements. Accordingly, readers should not abode disproportionate assurance on advanced statements and information. The Company especially disclaims any ambition or obligation to amend or alter any advanced statements and information, whether as a aftereffect of new information, contest or otherwise, except as appropriate by applicative balance laws. The admonition independent in this absolution is not advance or banking artefact advice.  

OceanaGold Corporation (CNW Group/OceanaGold Corporation)

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SOURCE OceanaGold Corporation

View aboriginal agreeable to download multimedia: http://www.newswire.ca/en/releases/archive/November2019/25/c3826.html

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