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Though New Zealand’s gold output may be seen as a mere pimple compared to that of Australia, A March quarter gold report showed the Waihi operations on the North Island figured well.
Expanding gold producer OceanaGold last night gave notice of changes to performance rights plan at next month’s annual meeting.
While the number of listed companies exploring for gold in New Zealand is small, the booming scene in Australia is seeing many of the producers operating with healthy hedge books.
OceanaGold accepted its responsibility for an underground accident in mid-2016 which claimed the life of an operator at one of its mines in Waihi.
A big Australian investment conference was told by OceanaGold last week that a strong investment in exploration would provide the pillars for ongoing success.
Australian royalty company Royalco is monitoring the courses of a planned ownership change on the Sams Creek gold project.
More jigsaw pieces are coming together for New Talisman Gold for its quest to revive high-grade gold mining at Karangahake.
The March quarter result for OceanaGold was described as “reasonable” for OceanaGold and one of the issues ahead was seen to be keeping a strong rain on operating costs.
The Australian float to take up the Sams Creek gold project at the top of the South Island is still coming and is expected to have a prospectus lodged in the June quarter.
The board of OceanaGold Corporation will certainly be different after the annual meeting at the beginning of June.