Oceanagold Provides Operational Update Related to the New Zealand Government COVID-19 Alert Status
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MEDIA RELEASE
28 April 2020
OCEANAGOLD PROVIDES OPERATIONAL UPDATE RELATED TO THE NEW
ZEALAND GOVERNMENT COVID-19 ALERT STATUS
(MELBOURNE) OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the “Company”) informs that at midnight
Tuesday April 28, the New Zealand Government decreased the Country’s COVID-19 alert level from alert
level four, where only essential businesses and work is permitted, to alert level three, at which additional
businesses can resume operating if they can demonstrate required safe operating practices.
The Company is well prepared to operate under alert level three and has clearly demonstrated this through
its strict health and hygiene protocols and safe operating practices at Macraes and Waihi.
At Waihi, the development of the Martha Underground along with regional exploration activities have resumed
while adhering to the required safe practices. At Macraes, the Company has resumed mining and processing
activities under strict and safe operating practices.
All administrative staff and other employees that can work from home will continue to do so for the duration
of the level three alert period. Any of the Company ’s employees or contractor s with underlying health
concerns, or those deemed at risk , will remain at home until it can be established that it is safe and
appropriate under government guidelines to return to work.
As a result of these changes , and with Haile operating at full capacity , the Company reaffirms its 2020
guidance.
Michael Holmes, President and CEO of OceanaGold said, “We continue to recognise and support the New
Zealand Government’s strong action to stop the spread of C OVID-19. The health and wellbeing of our
workforce is paramount and the safe working practices at both the Wa ihi and Macraes operations align well
with the Government’s directives.”
“At OceanaGold, safe operating practices include effective health screening procedures, physical distancing,
contact tracing and restricted site access to essential employees and contractors only. With these strict
protocols in place, we have resumed mining and processing at Macraes and development of the Martha
Underground.”
“We continue to be focused on managing the near-term risks while executing on our operational plans,
working with the Philippine government to renew our FTAA and resume operations at Didipio, and advancing
our solid pipeline of organic growth opportunities including the Martha Underground. Our ongoing capital
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investments in New Zealand will not only create long-term value for our shareholders but will also create jobs
and significant regional socio-economic benefits for New Zealand.”
To date, the Company has not had any confirmed cases of C OVID-19 among any of its employees or
contractors. Additional information related to the Company’s COVID-19 response including specific protocols
to protect the health and safety of the workforce and local communities can be found on the Company’s
website at www.oceanagold.com. T he Company will use its website and social media to provide regular
updates as to the status of its operations and workforce.
-ENDS-
Authorised for release to market by OceanaGold Corporate Company Secretary, Liang Tang.
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 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 Philippines. 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 open 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 Caroli na. 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 works
collaboratively with its valued stakeholders to identify and invest in social programs that are designed to build
capacity and not dependency.
For 2020, and subject to the cautionary statement below, 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.
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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 expectat ions 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 opportunities of OceanaGold Corporation and its relat ed 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 state ments 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 from those expressed in the forward- looking state ments 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 fulfil forward- looking statements and information. Such forward- looking s tatements 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 bey ond 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 wi th 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 forward-
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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