Oceanagold Provides Update ON Philippines Legal Proceedings
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MEDIA RELEASE
13 July 2020
OCEANAGOLD PROVIDES UPDATE ON PHILIPPINES LEGAL PROCEEDINGS
(MELBOURNE) OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the “Company”) wishes to provide an
update on the status of legal proceedings in the Philippines.
The Company applied for an injunction in the Philippines Court of Appeals in July 2019 as a temporary
measure to allow interim operations of the Didipio Mine while it challenges the legality of the order issued by
the Governor of Nueva Vizcaya to restrain the activities of the Company pending renewal of the Financial or
Technical Assistance Agreement (“FTAA”).
The Company has recently been made aware from so cial media that the Cour t of Appeals has denied its
application for an injunction. The Company has not received any formal order from the Court of Appeals and
is seeking confirmation. If the denial of the injunction is in fact accurate, the Company will continue to defend
its right to operate the Didipio Mine in the interim whilst it completes the FTAA renewal process. To this end,
OceanaGold intends to follow the usual appeal process with the Court of Appeals, and if necessary, to the
Supreme Court of the Philippines.
Regional Trial Court in Nueva Vizcaya
The Company’s main petition in the Regional Trial Cour t in Nueva Vizcaya chall enging the legality of the
Governor’s order is ongoing. Due to delays caused by the COVID-19 pandemic, the parties are still
undergoing pre-trial conference.
The Company maintains authority over the Didipio Mi ne rests with the National Government. The Local
Government Code of 1991 (Republic Act No. 7160) does not grant the power or authority to the Provincial
Governor or any local government officer to restrain any aspect of the Didipio Mine operations.
Renewal of the FTAA
The renewal of the FTAA is a separate and independent process which the Philippine National Government
has authority over. In this regard, the status of t he FTAA renewal has not changed, and it remains with the
Office of the President of the Philippines.
The Company will continue to work with the Nationa l Government to finalise the renewal of the FTAA and
remain open to the opportunity to engage with the Provincial governments of both Nueva Vizcaya and Quirino
that are hosting the FTAA and work together in the best interest of local stakeholders.
– ENDS –
Authorised for release to market by OceanaGold Corporate Company Secretary, Liang Tang.
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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, mu ltinational 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 Ca rolina. 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 Macrae s 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 gener ation 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 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 t hat certain actions, events or results "may", "could", "would", "might" or
"will" be taken, occur or be achieved) are not statem ents 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 statements and
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information. They include, among others, the outbreak of an infectious disease, the accuracy of mineral
reserve and resource estimates and related assumpti ons, 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 statements and
information are only predictions based on current info rmation available to management as of the date that
such predictions are made; actual events or results ma y differ materially as a result of risks facing the
Company, some of which are beyond the Company' s control. Although the Co mpany believes that any
forward-looking statements and information contai ned in this press release is based on reasonable
assumptions, readers cannot be assu red that actual outcomes or results will be consistent with such
statements. Accordingly, reader s should not place undue reliance on forward-looking statements and
information. The Company expressly disclaims any int ention or obligation to update or revise any forward-
looking statements and information, whether as a result of new informati on, 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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