Its distinct advantage is having both producing and developing mines, with operations on the South Island of New Zealand and development and exploration activities in New Zealand and the Philippines.
A proven low cash-cost operator, the company is recognised as a leader in recovering gold from low-grade metallurgically complex ore bodies in environmentally sensitive areas. To date, it’s achieved some of the lowest mining and processing costs in the world.
The company has embarked on a growth strategy that will see production increase from 182,000 gold ounces in 2006 (achieved from a single mine in New Zealand), to ~500,000 ounces of gold equivalent in 2009 (from four operations across New Zealand and the Philippines). Additionally, the Company has embarked on an aggressive exploration program for 2007 across the extensive land tenement package in the Philippines as well as two regional goldfields the Company controls in New Zealand.
For further information on the company, visit www.oceanagold.com.