PRECIOUS METALS

OceanaGold reduces production guidance

OCEANAGOLD has revised down its 2020 production guidance by around 20,000 ounces to between 340,000-360,000oz, with costs reduced from US$1075-1125 to $1050-1100/oz after it had a chance to assess its first half performance and second half outlook.

Waihi

Waihi

It pinned the blame on lower Macraes production, primarily related to the impact of the five-week COVID-19 restrictions which were lifted in New Zealand on April 27. Macraes has recovered since the...

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