OceanaGold Corporation reported its financial and operational results for the three months ended March 31, 2023. Gerard Bond, President and CEO of OceanaGold, said “OceanaGold safely and responsibly delivered in line with guidance in the first quarter. The Company had a record low injury rate as Didipio and Haile delivered strong quarterly production outcomes.
While our New Zealand operations had a challenging first quarter as expected, we anticipate stronger performance from them over the remainder of the year. Looking ahead, we remain focused on safely delivering on our 2023 guidance, maximizing free cash flow and progressing our organic growth and exploration options.
The Haile underground mine was officially opened in the quarter, the decline has advanced to the top of the orebody and we remain on track to deliver first ore from underground in Q4 2023.”
Key takeaways from 1Q said, On-track to meet full-year 2023 consolidated production, cost and capital guidance. First quarter consolidated gold production of 118,124 ounces. First quarter All-In Sustaining Costs of $1,567 per ounce on gold sales of 112,082 ounces.
2: First quarter revenue of $244 million, EBITDA of $100 million and NPAT of $39 million.
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