Oceana Gold has posted a slight decline in its ''proven and probable'' gold and copper reserves across its four operating mines, but remains confident it can extend the mine life of its Macraes and Waihi operations in New Zealand. ''In New Zealand ... we remain committed to expanding our exploration efforts to increase [gold] resources and achieve mine life extensions at both Waihi and Macraes,'' he said in a statement. At Waihi, its proven and probable reserves, from combined pit and underground, stood at 350,000oz gold and 1.31millionoz of silver. In Nevada, Oceana has since May 2015 been buying and selling shares in Gold Standard Ventures Corp, which describes itself an advanced stage gold exploration company. The estimated gold resources at El Dorado have been removed from Oceana's resource inventory.

Source: Otago Daily Times April 18, 2017 18:11 UTC