OGC.v production update shows increased production costs (probably higher than expected) in 2011-12 as they expand NZ operations, then Didipio in Philippines will bring costs back down toward $400/oz when it comes online in 2013 (at the earliest, but these things always take more time and money than originally planned).
Down in Australia early as the rising production costs could limit upside on the price of stock for a couple of years.
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