Oceanagold Receives Preliminary Approval FOR MINE Life Extension at Waihi
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MEDIA RELEASE
17 December 2018
OCEANAGOLD RECEIVES PRELIMINARY APPROVAL FOR MINE LIFE
EXTENSION AT WAIHI
(MELBOURNE) OceanaGold Corporation (TSX: OGC / ASX: OGC) (the “Company”) is pleased to announce
that an independent panel of commissioners appointed by the Hauraki District Council and the Waikato
Regional Council (collectively the “Regulator”) , have granted all resource consents for the Martha
underground mine and resumption of mining operations from stage 4 of the Martha open pit, subject to the
outcome of a statutory appeal period.
Mick Wilkes, President and CEO of OceanaGold said, “ These consents represent a great outcome for the
Company, the town of Waihi and for the region , as the extended mine life provides our valued employees
and our shareholders with more certainty that mining at Waihi will continue for at least the next 10 years .
Waihi has had a long rich history of gold mining that dates back to the 1800’s and since then over 11 million
ounces of gold have been produced in the Coromandel. More recently, since 1988 when mining commenced
at the Martha Open Pit, the Waihi operation has been a major employer in the region and has contributed a
significant amount of socio -economic benefits while operating to the highest of environmental standards
globally.”
Following receipt of these consents from the Regulator, parties who provided submissions during the initial
public hearing process have until 1 February 2019 to appeal the decision.
- ENDS -
For further information please contact:
Investor Relations Media Relations
Sam Pazuki
Tel: +1 416 915 3123
Melissa Bowerman
Tel: +61 459 900 099
Jeffrey Sansom
Tel: +61 3 9656 5300
[email protected] [email protected]
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 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.
The Company expects to produce 515,000 to 545,000 ounces of gold and 15,000 to 16,000 tonnes of copper
with All-In Sustaining Costs that range from $725 to $775 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 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 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 informa tion. 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 Co mpany, 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 forward-
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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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