An announcement from OceanaGold ( (TSE:OGC) ) is now available.
OceanaGold has announced a significant new discovery and high-grade drill results at its Haile Gold Mine in the United States. The exploration success at Haile, particularly the Pisces and Horseshoe areas, has led to an increase in the 2025 exploration budget by 20% to $10 million, the largest since the mine’s production began. This move underscores the company’s strategy to enhance shareholder value through exploration, with the new findings potentially benefiting mining operations due to their proximity to existing infrastructure.
More about OceanaGold
OceanaGold Corporation is a multinational gold mining company that operates in the mining industry, focusing on the exploration, development, and production of gold. The company is listed on the Toronto Stock Exchange and the OTCQX market, with a significant emphasis on increasing shareholder value through strategic exploration and resource development.
YTD Price Performance: -1.40%
Average Trading Volume: 38,448
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.98B
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