First-half gold production for Oceana Gold has increased on a year ago, underpinned by production in the Philippines, while it booked a profit dip, to $US61.4million ($NZ81.9million). For its first half trading to June, revenue rose from $US330.8million to $US333.4million while earnings before tax, depreciation and amortisation rose from $US155.1million to $US186.4million. Oceana chief executive Mick Wilkes described first half trading operational and financial results as "strong". Half-year gold production was up, rising from 225,339oz to 272,352oz, while copper from the Philippine gold-copper mine Didipio was down from 12,244 tonnes to 10,277 tonnes. During the half year, Oceana sold 114,192oz of gold, excluding any from Haile, and 5828 tonnes of copper.

Source: Otago Daily Times July 28, 2017 18:11 UTC