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OceanaGold ( (TSE:OGC) ) just unveiled an announcement.
OceanaGold has reported a significant increase in its mineral reserves and resources for the year ending 2024, with a 27% rise in mineral reserves totaling 6.2 million ounces of gold, net of mining depletion, at a higher average grade. Key developments include the declaration of initial mineral reserves at Wharekirauponga and increases in reserves at Didipio, alongside a boost in indicated mineral resources at Waihi and Macraes. This growth reflects the company’s strategic focus on value creation through exploration, underscored by a planned $40 million investment in exploration for 2025, marking its highest budget in five years.
More about OceanaGold
OceanaGold Corporation is a multinational gold mining company, primarily engaged in the exploration, development, and operation of gold and copper mines. It operates across New Zealand, the Philippines, and the United States, focusing on the sustainable production of gold and has a market presence through its various mining projects.
YTD Price Performance: 11.72%
Average Trading Volume: 38,320
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.25B
See more data about OGC stock on TipRanks’ Stock Analysis page.
