PRECIOUS METALS

OceanaGold Corp strengthens balance sheet

OceanaGold Corporation will receive a US$78.5 million pre-payment as part of a forward gold sale arrangement with Scotia Bank, Commonwealth Bank, Citibank and BNP Paribas.

Staff reporter
 OceanaGold's Haile gold mine in the US

OceanaGold's Haile gold mine in the US

The company will deliver 48,000 ounces of gold between September and December this year in return for the pre-payment, which equates to about $1,635 an ounce. The advanced gold ounces sold represent...

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