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Oceana operating profit up despite paper loss

AFTER completing its merger with Climax Mining, Oceana Gold has reported an operating profit afte...

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Oceana operating profit up despite paper loss

The company's earnings increase came despite an on-paper loss of $106 million due to unrealised hedge losses and impairment of goodwill on the Climax acquisition. Oceana acquired Climax for a $243 million...

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