/NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO
US NEWSWIRE SERVICES/
BRISBANE, Australia,
July 19, 2021 /CNW/ - OceanaGold
Corporation (TSX: OGC) (ASX: OGC) (the "Company") today announces
the succession plan for the Chairman of the Board, where Mr
Paul Benson, currently Non-Executive
Director of the Company, will succeed Mr Ian Reid as Non-Executive Chairman with effect
from October 1, 2021.
Mr Reid joined the Company as a Non-Executive Director in
April 2018 and was appointed Chairman
in June 2019. Mr Reid said: "It has been an honour to serve
as the Chairman of the Company. I am proud of what we have
achieved despite operating in a challenging environment over the
past two years." He continued "I hold the view that the role
of the Board Chair should be reviewed regularly and the person
fulfilling that role should be the best person from the Board given
the Company circumstances. I have therefore approached the
Board with a succession proposal, and I look forward to working and
supporting Paul in his new capacity as the Chair."
Mr Benson joined the Board of the Company as a Non-Executive
Director in May 2021. Mr Benson said: "on behalf of the
Board, I would like to thank Ian for his leadership, perseverance
and dedication to the Company, and we look forward to working
with him as a valuable member of the Board."
He added "the recent renewal of the Didipio FTAA is a
significant achievement by the Company delivered under Ian's
leadership, and is a testament to the team's resilience and
determination. I am excited by the growth opportunities
within the Company and I look forward to working with the Board and
the OceanaGold leadership team to deliver on our objectives and
creating value for our shareholders."
Mr Michael Holmes, President and
CEO of OceanaGold, said "I am grateful to Ian for his unwavering
commitment to the Company and for his support over the last two
years. He took on the Chairmanship just as Didipio was suspended,
and will leave that role with the FTAA renewal complete and a
strong organic growth pipeline well advanced in New Zealand. Paul brings a wealth of expertise
to the Company and I look forward to working closely with him to
realise OceanaGold's full potential."
Authorised for release to market by Corporate Company Secretary
Liang Tang.
www.oceanagold.com | Twitter: @OceanaGold
About OceanaGold
OceanaGold is a multinational gold producer committed to the
highest standards of technical, environmental and social
performance. For 30 years, we have been contributing to
excellence in our industry by delivering sustainable environmental
and social outcomes for our communities, and strong returns for our
shareholders.
Our global exploration, development, and operating experience
has created an industry-leading pipeline of organic growth
opportunities and a portfolio of established operating assets
including Didipio Mine in the
Philippines; Macraes and Waihi operations in New Zealand; and Haile
Gold Mine in the United States of
America.
Cautionary Statement for Public Release
Certain information contained in this public release may be
deemed "forward-looking" within the meaning of applicable
securities laws. Forward-looking statements and information relate
to future performance and reflect the Company's expectations
regarding the generation of free cash flow, achievement of
guidance, execution of business strategy, future growth, future
production, estimated costs, results of operations, business
prospects and opportunities of OceanaGold Corporation and its
related subsidiaries. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions or future events or
performance (often, but not always, using words or phrases such as
"expects" or "does not expect", "is expected", "anticipates" or
"does not anticipate", "plans", "estimates" or "intends", or
stating that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved) are not
statements of historical fact and may be forward-looking
statements. Forward-looking statements are subject to a variety of
risks and uncertainties which could cause actual events or results
to differ materially from those expressed in the forward-looking
statements and information. They include, among others, the
outbreak of an infectious disease, the accuracy of mineral reserve
and resource estimates and related assumptions, inherent operating
risks and those risk factors identified in the Company's most
recent Annual Information Form prepared and filed with securities
regulators which is available on SEDAR at www.sedar.com under the
Company's name.
There are no assurances the Company can fulfil forward-looking
statements and information. Such forward-looking statements and
information are only predictions based on current information
available to management as of the date that such predictions are
made; actual events or results may differ materially as a result of
risks facing the Company, some of which are beyond the Company's
control. Although the Company believes that any forward-looking
statements and information contained in this press release is based
on reasonable assumptions, readers cannot be assured that actual
outcomes or results will be consistent with such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements and information.
The Company expressly disclaims any intention or obligation to
update or revise any forward-looking statements and information,
whether as a result of new information, events or otherwise, except
as required by applicable securities laws. The information
contained in this release is not investment or financial product
advice.
SOURCE OceanaGold Corporation