$OCANF 3.35..full year and fourth quarter 2016 production report for the year ended 31 December 2016,
OceanaGold Corporation (OCG) (OCANF)
Achieved 2016 consolidated production guidance range with 416,741 ounces of gold and 21,123 tonnes of copper.
Recorded consolidated All-In Sustaining Costs (“AISC”) of $708 per ounce sold and cash costs* of $452 per ounce sold.
Recorded 2016 consolidated gold sales of 437,146 ounces and copper sales of 21,413 tonnes.
Commenced milling at Haile in December 2016 and achieved first gold pour in January 2017.
Announced increased 2017 exploration budget reflecting strong organic growth potential of the business.
Announced 2017 production and cost guidance of 550,000 to 610,000 ounces of gold at a sector leading AISC of $600 to $650 per ounce sold.
In December 2016, OceanaGold announced its 2017 production and cost guidance that reflected significantly higher gold production at lower costs compared to 2016. The production increase year-on-year is primarily driven by the inclusion of the high margin ounces from the Haile Gold Mine as it moves into commercial production in early 2017 and increased production from Macraes where the Coronation North deposit represents higher grades than traditionally mined in the Macraes Goldfield.
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