Oceana Gold was on track to achieve its 2016 production and cost guidance, president and chief executive Mick Wilkes said yesterday. The mining company released its third-quarter results showing revenue of $US150.4million ($NZ211.2million), operating earnings of $US61.6million and a reported profit of $US30.7million in the three months ended September. Exploration efforts at both Waihi and Macraes continued to advance well with drilling of primary targets in both gold regions, Mr Wilkes said. "Oceana Gold’s vision is to be the mid-tier gold mining company of choice by operating high-quality assets that deliver superior returns in a responsible manner. Oceana Gold remained committed to the Philippines, Mr Wilkes said.

Source: Otago Daily Times October 28, 2016 17:03 UTC