COMPANIES

OceanaGold reserves slide

OceanaGold’s (CN:OGC) annual reserve and resource statement today showed a drop of more than 8% to 5.04 million gold reserves, though the numbers did not include any likely increase from the Haile mine in the US and silver reserves actually increased considerably to 5Moz.

The Waihi mine in New Zealand had a mixed year in terms of depleted reserves and new resources added

The Waihi mine in New Zealand had a mixed year in terms of depleted reserves and new resources added

Measured and indicated gold resources were also down by more than 14% to 9.93Moz.  All reserves and resources were calculated using a US$1,300 per ounce gold price. Chief executive Mick Wilkes said...

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