OceanaGold Corp. is pleased to announce it has completed contractual close on a refinance of its Revolving Credit Facility. The new Facility is supported by a group of six leading international banks including previous lenders Scotiabank, Citibank, BNP Paribas and Commonwealth Bank of Australia, plus new entrants the Bank of Montreal and the Canadian Imperial Bank of Commerce . Key Highlights Facility of $250 million [...]
OceanaGold Corp. has been notified that the Office of the President of the Philippines has instructed the Department of Environment and Natural Resources to engage with the Company and the Department of Finance to finalise the renewal of the Financial or Technical Assistance Agreement. This follows the recent granting of a Certification of Non-Overlap to the Company which states that the FTAA area is outside of ancestral [...]
OceanaGold Corp. is pleased to announce the receipt of permits for the Golden Point Underground Mine, Deepdell North Stage III open pit extension, and the Frasers West expansion. These permits allow the Company to proceed with the development of new and extended open pit and underground mining opportunities at Macraes, including the new GPUG mine. These projects are expected to extend the mine life of the Macraes [...]
OceanaGold Corp. is pleased to announce it has released a position statement on climate change, including an emissions reduction goal to achieve net zero emissions from our operations by 2050. The goal is core to OceanaGold's environmental management strategy to mitigate the risks associated with climate change, establish measures and targets to improve the efficiency of its energy use and to minimise its greenhouse gas [...]
OceanaGold Corp. today announced the appointment of Sandra Dodds to the Board of Directors as a Non-Executive Director of the Company effective 5 November 2020. "We are pleased to welcome Sandra to the Board of Directors at OceanaGold," said Ian Reid, Chairman of the Board. "She brings with her extensive Executive experience working in New Zealand, a strong understanding of ESG and a broad industrial background. We look [...]
OceanaGold Corp. reported its financial and operational results for the quarter ended September 30, 2020. Details of the consolidated financial statements and the Management Discussion and Analysis are available on the Company's website at www.oceanagold.com Highlights Total Recordable Injury Frequency Rate of 2.9 per million hours worked compared to 2.7 per million hours worked at the end of the second quarter of 2020 [...]
OceanaGold Corp. announces that the underwriters for its previously completed bought deal equity financing have partially exercised and concluded the over-allotment option and today purchased a further 8,550,000 common shares at a price of C$2.06 per common share for further aggregate gross proceeds of C$17,613,000. The Offering was co-led by Scotiabank and BMO Capital Markets. and included Citigroup Global Markets Canada [...]
OceanaGold Corp. will release its full financial and operational results for the third quarter ending September 30, 2020 before the TSX market open on Thursday October 29, 2020 . The results will be available on the Company's website at www.oceanagold.com. The Company will also host a conference call / webcast to discuss the results at 8:00 am on Friday October 30, 2020 / 5:00 pm on Thursday October 29, 2020 . Webcast [...]
OceanaGold Corp. announces that it has today closed its previously announced bought deal equity financing. The Company has issued 73,000,000 common shares at a price of C$2.06 per Offered Share for aggregate gross proceeds of C$150,380,000 . The Offering was co-led by Scotiabank and BMO Capital Markets. and included Citigroup Global Markets Canada Inc., Raymond James Ltd., National Bank Financial Inc., Cormark Securities [...]
OceanaGold Corp. announces that it has today filed a final short form prospectus in connection with its previously announced bought deal financing. The Company previously entered into an agreement with a syndicate of underwriters , led by Scotiabank and BMO Capital Markets, who have agreed to purchase, on a bought deal basis, an aggregate of 73,000,000 common shares of the Company at a price of C$2.06 per Offered Share [...]
OceanaGold Corp. announces effective today that it has implemented the permanent layoff of 496 OceanaGold Inc. employees. The employees are predominantly from local communities in the Provinces of Nueva Vizcaya and Quirino. Along with the termination of direct employees, approximately 400 people working with contractors are also impacted. The Company may be required to implement a second-round of permanent lay-offs in [...]
OceanaGold Corp. announces that it has entered into an agreement with a syndicate of underwriters , led by Scotiabank and BMO Capital Markets, who have agreed to purchase, on a bought deal basis, an aggregate of 73,000,000 common shares of the Company at a price of C$2.06 per Offered Share , for aggregate gross proceeds of C$150 million . The Company has also granted the Underwriters the option, exercisable in whole or in [...]
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