Currently viewing Global edition

Haile hit by rain; OceanaGold maintains confidence in asset

Rain has ruined OceanaGold’s March quarter at the Haile operation in South Carolina, reducing output from the newish mine to 25,717 ounces at unsustainable all-in sustaining costs of nearly US$1,800 per ounce.

Haile hit by rain; OceanaGold maintains confidence in asset Haile hit by rain; OceanaGold maintains confidence in asset Haile hit by rain; OceanaGold maintains confidence in asset Haile hit by rain; OceanaGold maintains confidence in asset Haile hit by rain; OceanaGold maintains confidence in asset

OceanaGold wants to see long durations of blue skies at Haile in South Carolina, USA

Half that output was achieved in the month of March, "a function of improvements made at the mine, significantly better weather, improvements in staffing and access to higher grade ore zones".