|
14 November 2007 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2007 HIGHLIGHTS • OceanaGold completed an IPO on the TSX, raising C$100.7 million of gross proceeds at C$3.50 per share, inclusive of the exercise of the underwriters’ over-allotment option in late July. • On the 3 July, OceanaGold and the West Coast community together celebrated the opening of the Reefton Gold Mine on the west coast of the south island of New Zealand. • Construction activity at the Didipio Gold and Copper Project advanced according to plan with the award of further key contracts, the mobilisation of the EPCM contractor and the completion of the access road to all weather status. • Gold production totalled 43,194 ounces and gold sales totalled 42,107 ounces with a 20% increase in the average gold price received over the same period last year. • The first of two ventilation bore raises has been completed at the Frasers Underground Mine development and the project remains on schedule to commission in the first quarter of 2008. • Infill diamond drilling was accelerated at the Frasers Underground Panel 2 Extension area in order to provide data for a resource upgrade expected in the fourth quarter of 2007. • Exploration drilling continued to test for mineralisation at the Crushington Prospect, Reefton Goldfield. • Exploration at the Papaya Project in the Philippines (located within the Didipio FTAA) has progressed well. Drill targets have Quelle: http://www.oceanagold.com.au/images/stories/Oceana%20MDA%20Q… |
|
| aus der Diskussion: | Oceanagold - verwirrende Zusammenlegung |
| Autor (Datum des Eintrages): | Eubulos (14.11.07 12:48:57) |
| Beitrag: | 32 von 35 (ID:32421979) |
| Alle Angaben ohne Gewähr © wallstreetONLINE | |