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OceanaGold cuts production guidance

OceanaGold has revised down its 2020 production guidance by around 20,000 ounces to between 340,000-360,000oz, with costs reduced from US$1,075-1,125/oz to $1,050-1,100/oz after it had a chance to assess its first half performance and second half outlook.

OceanaGold cuts production guidance OceanaGold cuts production guidance OceanaGold cuts production guidance OceanaGold cuts production guidance OceanaGold cuts production guidance

Waihi in New Zealand

It pinned the blame on lower Macraes production, primarily related to the impact of the five-week COVID-19 restrictions which were lifted in New Zealand on April 27.

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