CAPITAL MARKETS

First quarter loss for OceanaGold

AS was expected, given the imposition of COVID-19 restrictions in New Zealand and the wider global economic slowdown, OceanaGold posted a deeper loss for the March quarter due to lower sales, weaker earnings, and higher costs.

Macraes produced 39,200 ounces for the quarter.

Macraes produced 39,200 ounces for the quarter.

Gold sales were down from 107,300 ounces to 91,400oz. Its net loss was almost US$26 million, with revenue down from $152 million to $138 million. Earnings eased $45.2 million to $42.4 million,...

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