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OceanaGold raising to shore up balance sheet

Having been hit by COVID-19 issues at both its Haile operation in South Carolina and its Macraes operation in New Zealand, OceanaGold will further shore up its balance sheet with a C$150 million equity raising now underway.

OceanaGold raising to shore up balance sheet OceanaGold raising to shore up balance sheet OceanaGold raising to shore up balance sheet OceanaGold raising to shore up balance sheet OceanaGold raising to shore up balance sheet

OceanaGold's Haile mine in North Carolina

Pricing of the new shares has been put at $2.06, with the stock above $3 in July-August.

In late-August OceanaGold reduced annual guidance for Haile to 135,000-175,000oz.