Oceanagold New Zealand COVID-19 Update
1
MEDIA RELEASE
23 March 2020
OCEANAGOLD NEW ZEALAND COVID-19 UPDATE
(MELBOURNE) OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the “Company”) wishes to update the
market on the response to COVID-19 measures being put in place by the New Zealand Government.
On Monday 23 March 2020 New Zealand Prime Minister, Jacinda Ardern, announced a COVID-19 alert level
three, with the Government’s highest response, alert level four, to be implemented from 11.59pm on
Wednesday 25 March 2020. Alert level four requires businesses not exempt as essential services or lifeline
utilities to close for an initial period of four weeks.
From 11.59pm Wednesday 25 March 2020, The Waihi Operation in the North Island of New Zealand will
temporarily suspend the ongoing development of the Martha Underground Mine and go into care and
maintenance for the duration of the four-week mandated closure.
The Company is working with the New Zealand Government to determine what exemptions may be available
for the Macraes Operation in the South Island of New Zealand.
OceanaGold Corporation’s Acting President and CEO , Michael Holmes, said the Company was supportive
of the government’s aim to protect the health and safety of all New Zealanders.
“We recognise strong decisions will be made to slow down the spread of COVID -19”, Mr Holmes said. “We
will work with the Government to support the health and safety of the communities where we work and live.”
The Company will provide the market with another update when we have more information.
-ENDS-
More information about New Zealand’s alert levels and measure is available at
https://covid19.govt.nz/government-actions/covid-19-alert-system/
Authorised for release to market by OceanaGold Corporate Company Secretary, Liang Tang.
For further information please contact:
2
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 Corporation is a mid -tier, high-margin, multinational gold producer with assets located in the
Philippines, New Zealand and the United States. The Company’s assets encompass the Didipio Gold-Copper
Mine located on the island of Luzon in the Phil ippines. On the North Island of New Zealand, the Company
operates the high-grade Waihi Gold Mine while on the South Island of New Zealand, the Company operates
the largest gold mine in the country at the Macraes Goldfield which is made up of a series of op en pit mines
and the Frasers underground mine. In the United States, the Company operates the Haile Gold Mine, a top-
tier, long-life, high-margin asset located in South Carolina. OceanaGold also has a significant pipeline of
organic growth and exploration opportunities in the Americas and Asia-Pacific regions.
OceanaGold has operated sustainably since 1990 with a proven track-record for environmental management
and community and social engagement. The Company has a strong social license to operate and work s
collaboratively with its valued stakeholders to identify and invest in social programs that are designed to build
capacity and not dependency.
For 2020, the Company expects to produce between 360,000 and 380,000 ounces of gold from Haile, Waihi
and Macraes combined at a consolidated All -In Sustaining Costs ranging from $1,075 to $1,125 per ounce
sold.
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, execution of business
strategy, future growth, future production, estimated costs, results of operations, business prospects and
opportunities 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 not 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 forw ard-looking statements. Forward -looking statements are
subject to a variety of risks and uncertainties which could cause actual events or results to differ materially
from those expressed in the forward -looking statements and information. They include, amo ng others, 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
3
no assurances the Company can fulfil forward -looking statements and information. Such forward -looking
statements and 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. According ly, 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 forward -
looking statements and information, whether as a result of new informatio n, events or otherwise, except as
required by applicable securities laws. The information contained in this release is not investment or financial
product advice.
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION
TO US NEWSWIRE SERVICES.