Oceanagold Announces First Round of Permanent Lay-Offs at Didipio
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MEDIA RELEASE
13 October 2020
OCEANAGOLD ANNOUNCES FIRST ROUND OF PERMANENT LAY-OFFS AT
DIDIPIO
(BRISBANE) OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the “Company”) announces effective today
that it has implemented the permanent layoff of 496 OceanaGold (Philippines) Inc. (OGPI) employees. The
employees are predominantly from local communities in the Provinces of Nueva Vizcaya and Quirino. Along
with the termination of direct employees, appro ximately 400 people working with contractors are also
impacted. The Company may be required to implement a second-round of permanent lay -offs in mid -
November and has provided notices to affected employees.
Michael Holmes, President and CEO of OceanaGold s aid, “Today is a sad day for the Company and for the
many hundreds of workers and their families whose livelihoods have been impacted by the local government
blockade of the public road pending the FTAA renewal , which ha s constrained our ability to continu e
operations over the past 15 months. The Company has actively participated in community-led dialogue
supported by the majority of village and municipal governments along with the majority of local residents in
Didipio. Despite these efforts, a small group of local leaders have refused to consider access arrangements
that would have preserved these jobs. We thank local employees and local government leaders for their
strong support and efforts to avoid permanent layoffs, especially during this difficult tim e with COVID-19.”
“The FTAA renewal remains with the Office of the President for decision. We continue to engage with the
National Government who express their support and endorsement of the renewal.”
“The Didipio operation is a world -class mine that has operated to the highest of responsible mining,
environmental and social sta ndards. In my 30 years of mining experience, the Didipio Mine stands out as
one-of-a-kind. With a world class workforce that is predominantly Filippino, Didipio has had one of the best
safety records globally and represent s how mining can contribute to ski lls development, job creation and
livelihood opportunities for local communities.”
“We will work as quickly and safely as we can to rehire hundreds of workers and restart operations should
the FTAA be renewed or the blockade lifted. The Didipio operation looks forward to contributing to the
Philippines post-COVID economic recovery. We’re ready and waiting for that opportunity.”
– ENDS –
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Authorised for release to market by Acting Company Secretary, Chris Hansen .
For further information please contact:
Investor Relations Media Relations
Sam Pazuki
Tel: +1 720 602 4880
Melissa Bowerman
Tel: +61 407 783 270
www.oceanagold.com | Twitter: @OceanaGold
About OceanaGold
OceanaGold is a multinational gold producer committed to the highest standards of technical, environmental
and social performance.
For 30 years, we have been contributing to excellence in our industry by delivering sustainable environmental
and social outcomes for our communities, and strong returns for our shareholders . Our global exploration,
development, and o perating experience has created a significant pipeline of organic growth opportunities
and a portfolio of established operating assets including Didipio Mine in the Philippines; Macraes and Waihi
operations in New Zealand; and Haile Gold Mine in the United States of America.
Cautionary Statement for Public Release
Certain information contained in this public release may be deemed “forward -looking” within the meaning of
applicable securities laws. Forward -looking statements and information relate to future performance and
reflect the Company’s expectations regarding the generation of free cash flow, achievement of guidance,
execution of business strategy, future growth, future production, estimated costs, results of operations,
business prospects and opport unities of OceanaGold Corporation and its related subsidiaries. Any
statements that express or involve discussions with respect to predictions, expectations, beliefs, plans,
projections, objectives, assumptions or future events or performance (often, but n ot always, using words or
phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans",
"estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or
"will" be taken, occur or be achieved) are not statements of historical fact and may be forward -looking
statements. Forward-looking statements are subject to a variety of risks and uncertainties which could cause
actual events or results to differ materially fr om those expressed in the forward -looking statements and
information. They include, among others, the outbreak of an infectious disease, the accuracy of mineral
reserve and resource estimates and related assumptions, inherent operating risks and those risk factors
identified in the Company’s most recent Annual Information Form prepared and filed with securities regulators
which is available on SEDAR at www.sedar.com under the Company’s name. There are no assurances the
Company can fulfi ll forward -looking st atements and information. Such forward -looking statements and
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information are only predictions based on current information available to management as of the date that
such predictions are made; actual events or results may differ materially as a result of risks facing the
Company, some of which are beyond the Company's control. Although the Company believes that any
forward-looking statements and information contained in this press release is based on reasonable
assumptions, readers cannot be assured that actual outcomes or results will be consistent with such
statements. Accordingly, readers should not place undue reliance on forward -looking statements and
information. The Company expressly disclaims any intention or obligation to update or revise any forw ard-
looking statements and information, whether as a result of new information, events or otherwise, except as
required by applicable securities laws. The information contained in this release is not investment or financial
product advice.
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