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OceanaGold posts Q1 loss

As was expected, given the imposition of COVID-19 restrictions in New Zealand and the wider global economic slowdown, OceanaGold posted a deeper loss for the March quarter due to lower sales, weaker earnings, and higher costs.

OceanaGold posts Q1 loss OceanaGold posts Q1 loss OceanaGold posts Q1 loss OceanaGold posts Q1 loss OceanaGold posts Q1 loss

Macraes in New Zealand produced 39,200 ounces in the March quarter

Gold sales were down from 107,300 ounces to 91,400oz.
 
OceanaGold's net loss was almost US$26 million, with revenue down from $152 million to $138 million. 
 
Earnings eased $45.