Oceanagold Provides Update ON Philippines Operations
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MEDIA RELEASE
27 June 2019
OCEANAGOLD PROVIDES UPDATE ON PHILIPPINES OPERATIONS
(MELBOURNE) OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the “Company”) wishes to inform that
reports stating the Company has halted operation is untrue and the Didipio Mine continues to operate.
The Company lodged its application for renewal of its Financial or Technical Assistance Agreement (“FTAA”)
with the Philippine Government in March 2018. The Company received confirmation on June 20, 2019 from
the regulatory authority, the Mines and Geosciences Bureau (“MGB”) that the Didipio operation is permitted
to continue operations pending the confirmation of the FTAA renewal by the Government. The Company is
committed to operating in accordance with the law and will always comp ly with its responsibilities under its
contract with the Philippine government.
The Didipio mine has delivered significant socio-economic benefits to the Barangay of Didipio, neighbouring
communities, the p rovinces of Nueva Vizcaya and Qu irino and the Philippines. It directly employs 1,500
workers of which approximately 95% are Philippine nationals including over 50% from the local communities
and several thousand additional livelihood opportunities/indirect jobs through partnerships with cooperatives
and social development organisations.
- ENDS -
For further information please contact:
Investor Relations Media Relations
Sam Pazuki
Tel: +1 416 915 3123
Melissa Bowerman
Tel: +61 459 900 099
www.oceanagold.com | Twitter: @OceanaGold
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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 Ze aland, 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 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 works
collaboratively with its valued stakeholders to identify and invest in social programs that are designed to build
capacity and not dependency.
In 2019, the Company expects to produce between 500,000 to 550,000 ounces of gold and 14,000 to 15,000
tonnes of copper at All-In Sustaining Costs ranging between $850 and $900 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 inf ormation 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 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 information. They include, among others, the
accuracy of mineral reserve and resource estimates and related assumptions, inherent operating risks,
sovereign risks, risk of suspension and those risk f actors 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 information available to management as of the date that such predictions are made; actual
events or results may differ materially beca use 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 assure d that actual
outcomes or results will be consistent with such statements. Accordingly, readers should not place undue
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reliance on forward-looking statements and information. The Company expressly disclaims any intention or
obligation to update or revise a ny forward -looking statements and information, whether because 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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