AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
No Result
View All Result
Home News

OceanaGold hopeful to meet gold target

AngMinero News by AngMinero News
August 1, 2022
in News
26 2
0
OceanaGold hopeful to meet gold target
84
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

The OceanGold Corp. is looking to meet its target gold production this year on the back of the strong performance of its mining sites in the United States and in the Philippines.

In a report by the Philippine Star, OceanaGold was able to produce 246,331 ounces of gold in the first half of the year, a 32% increase from the 177,000 ounces last year. The company also produced 7,304 tons of copper in the period.

Of the company’s total production, the Didipio mine in the Philippines produced 58,715 ounces of gold and 7.304 tons of copper during the first half of the year as mining was maintained at a production rate of 1.6 million tons per annum (mtpa) since it re-started its operations in November 2021.

During the second quarter of the year, OceanaGold received an environmental compliance certificate (ECC) from the Department of Environment and Natural Resources (DENR) which allowed the company to increase its allowable annual mill throughput limit from 3.5 mtpa to 4.3 mtpa.

The Didipio mine has around 17 million tons of stockpiled ore and is seen to process approximately 3.9 to four mtpa this year.

In related developments, OceanaGold’s revenue increased to $515.1 million, a 55% increase from the $331.5 million in the same period last year. The increase was attributed to the production and sales of the Didipio mine and the strong sales from the Macraes and Haile miles amid high gold and copper prices.

Tags: denrdepartment of environment and natural resourcesDidipio MineECCEnvironmental Compliance CertificateOceanGold Corp.

Related Posts

SMPC Earns Five Honors at Regional Investor Awards
News

SMPC Earns Five Honors at Regional Investor Awards

July 14, 2025
Philippine Mining Club Luncheon Forum – Advancing Sustainable Mining Practices
News

Philippine Mining Club Luncheon Forum – Advancing Sustainable Mining Practices

July 12, 2025
Misamis Oriental Gov. Juliette Uy Calls for Crackdown on Illegal Mining in Opol, Manticao
News

Misamis Oriental Gov. Juliette Uy Calls for Crackdown on Illegal Mining in Opol, Manticao

July 3, 2025
FNI registers Php 1.9B net income for 2021
News

PH Nickel Miner FNI Recognized for Legal Excellence in Asia

July 1, 2025
Cordillera Miners Urged to Halt Operations During Rains as Landslide Risks Rise
News

Cordillera Miners Urged to Halt Operations During Rains as Landslide Risks Rise

June 25, 2025
Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment
News

Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment

June 24, 2025

FEATURED POST

SMPC Earns Five Honors at Regional Investor Awards

SMPC Earns Five Honors at Regional Investor Awards

July 14, 2025
Philippine Mining Club Luncheon Forum – Advancing Sustainable Mining Practices

Philippine Mining Club Luncheon Forum – Advancing Sustainable Mining Practices

July 12, 2025
Misamis Oriental Gov. Juliette Uy Calls for Crackdown on Illegal Mining in Opol, Manticao

Misamis Oriental Gov. Juliette Uy Calls for Crackdown on Illegal Mining in Opol, Manticao

July 3, 2025
FNI registers Php 1.9B net income for 2021

PH Nickel Miner FNI Recognized for Legal Excellence in Asia

July 1, 2025

EDITOR PICK'S

SMPC Earns Five Honors at Regional Investor Awards

July 14, 2025

Philippine Mining Club Luncheon Forum – Advancing Sustainable Mining Practices

July 12, 2025

Misamis Oriental Gov. Juliette Uy Calls for Crackdown on Illegal Mining in Opol, Manticao

July 3, 2025

PH Nickel Miner FNI Recognized for Legal Excellence in Asia

July 1, 2025

Cordillera Miners Urged to Halt Operations During Rains as Landslide Risks Rise

June 25, 2025

Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment

June 24, 2025

SMPC Earns Gold in FinanceAsia Awards for Outstanding Corporate Governance and Management

June 23, 2025

Recent News

SMPC Earns Five Honors at Regional Investor Awards

SMPC Earns Five Honors at Regional Investor Awards

July 14, 2025
Philippine Mining Club Luncheon Forum – Advancing Sustainable Mining Practices

Philippine Mining Club Luncheon Forum – Advancing Sustainable Mining Practices

July 12, 2025

Category

  • Business
  • Features
  • News
  • Uncategorized

Follow us

  • Setup menu at Appearance » Menus and assign menu to Footer Navigation

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In