OCEANAGOLD CORPORATE UPDATE
2010年12月23日 - 7:13AM
PR Newswire (Canada)
MELBOURNE, Australia, Dec. 22 /CNW/ -- /NOT FOR DISSEMINATION OR
DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO US
NEWSWIRE SERVICES./ MELBOURNE, Australia, Dec. 22 /CNW/ -
OceanaGold Corporation (ASX: OGC, TSX: OGC, NZX: OGC) ("the
Company") is pleased to provide a corporate update. Highlights --
Didipio project development team continues to be expanded in
preparation for re-commencement of construction in H1 2011 --
Detailed engineering design for Didipio set to re-commence in
January 2011 -- Updated resource/reserve statement will be released
in late January/early February 2011 which is expected to increase
reserves net of mine depletion -- FY2011 production guidance for NZ
operations set at 260,000-280,000 oz Au @ cash costs of US$645-$685
/ oz. Cash costs are moderately higher year on year to account for
increased material movements consistent with the Company strategy
to extend the mine life at the New Zealand operations. Costs are
expected to decline significantly to below US$400/oz by 2013 with
the commissioning of the Didipio project. Didipio Project Work has
been initiated on a number of fronts in preparation to re-commence
construction on Didipio in H1 2011. Following the equity financing
and appointment of Martyn Creaney as Project Director in early
October, the Company has been assembling the project management and
construction team while evaluating various contractors and
consultants to assist with the build-out. Detailed engineering
design of infrastructure and the process plant will restart in
January 2011 using much of the previous work as the basis for a
head start toward completion. Upgrades to the site access road will
also be undertaken in the New Year. In parallel with the
establishment of an owner's project management and construction
team, Mark Cadzow, COO is recruiting an Operations General Manager
to establish recruitment and training of an operations team well in
advance of commissioning. It is expected that much of the
operations, health and safety and environmental training will be
undertaken at the Company's New Zealand mines where the incoming
Filipino operating team will be trained and then will return back
to roll-out the processes at Didipio. Operations and Production
Guidance The exploration programs in New Zealand over the past
twelve months have been successful in expanding the resource and
reserve base. In line with Company practice, an updated
resource/reserve statement is expected to be published by early
February 2011, which will utilize US$950 / oz Au and the same cut
off grades as used in the previous estimate for the calculation of
reserves. Consistent with earlier statements, OceanaGold
expects to further expand the reserves across the New Zealand
operations net of mining depletion for the second year in a row.
The approved FY2011 operations plan provides for an increase in the
mining rate at both the Macraes and Reefton open cuts in order to
remove adequate overburden to maintain access to run-of-mine ore. A
new excavator and two new trucks will be commissioned at Macraes to
assist increasing total mining to 59 million tonnes (from 52
million tonnes). Reefton will also receive additional equipment to
facilitate an increase in movements from 15 million tonnes to 20
million tonnes. This is part of an overall strategy to ensure that
the New Zealand business remains robust for years to come and that
the mine life increases out to 7-8 years. The increased movements
will result in higher amounts of expensed overburden stripping and
thus cash costs are expected to increase in FY2011. Under our
current mine plan, costs in FY2012 are expected to reduce slightly
and then in FY2013, decline significantly to below US$400 per ounce
on average across the business due to the commencement of gold and
copper production from the Didipio project in The Philippines. FY
2011 Production Guidance has been set at 260,000 - 280,000 oz Au @
cash costs = US$ 645 - $685 per ounce. Jim Askew, Executive
Chairman commented, "The decision to increase the mining rates at
both the Macraes and Reefton open cut mines is important to ensure
a stable operating platform over a longer mine life in New Zealand.
With this extended mine life, capital can be allocated more
efficiently when managing operating fleet requirements to maintain
the highest level of mining efficiency at the operations." Mr Askew
went on to say, "While costs are expected to increase this year
with the increased movements, this can also be attributed to some
creeping of input costs such as diesel and labour, in addition to
the strengthening New Zealand dollar against the US dollar. In
spite of this, strong gold prices continue to drive expanding
margins and healthy operating cash flows which will continue to
underpin the business as we execute on our long term growth
strategy." About OceanaGold OceanaGold Corporation is a significant
Pacific Rim gold producer with projects located on the South Island
of New Zealand and in the Philippines. The Company's assets
encompass New Zealand's largest gold mining operation at the
Macraes goldfield in Otago which is made up of the Macraes open pit
and the Frasers Underground mines. Additionally on the west coast
of the South Island, the Company operates the Reefton open-pit
mine. OceanaGold produces approximately 270,000 ounces of gold per
annum from the New Zealand operations. The Company also owns the
Didipio Project in northern Luzon, Philippines where construction
is scheduled to re-commence in H1 2011. OceanaGold is listed on the
Toronto, Australian and New Zealand stock exchanges under the
symbol OGC. To view this news release in HTML formatting, please
use the following URL:
http://www.newswire.ca/en/releases/archive/December2010/22/c7480.html
pMr Darren Klinckbr/ Vice President, Corporate and Investor
Relationsbr/ Tel: +61(3) 9656 5300/p
Copyright
OceanaGold (TSX:OGC)
過去 株価チャート
から 6 2024 まで 7 2024
OceanaGold (TSX:OGC)
過去 株価チャート
から 7 2023 まで 7 2024