JOHANNESBURG (miningweekly.com) – Triple-listed OceanaGold exceeded its 2015 consolidated gold production guidance range, producing 419 153 oz of gold – a 36% year-on-year increase – as well as 23 109 oz of copper.
The miner reported on Tuesday that it also delivered record yearly gold production and throughput at its Didipio operation, in the Philippines, having produced 127 086 oz of gold after processing 3.58-million tonnes of ore.
Marking 2015 as a transformational year for the company, CEO Mick Wilkes noted that the company not only exceeded expectations, but also did so at sector-leading low costs.
The company last year acquired Romarco Minerals’ Haile gold mine in the US, and Newmont Mining’s Waihi gold mine, in New Zealand.
OceanaGold also achieved an unaudited consolidated all-in sustaining cost (AISC) of $709/oz and cash costs of $458/oz, both within the 2015 cost guidance range.
It now aimed to achieve production of 385 000 oz to 425 000 oz for the year ahead, at an AISC cost of $700/oz to $750/oz per ounce.