OGC 3.00% $2.40 oceanagold corporation

Looking good, page-16

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    Caught me napping, this from the 29th April announcement "Managment Discussion and Analysis Report."



    "Looking ahead at Didipio, the operation will be mining
    and processing lower gold grades and mining less ore
    as a result of increased pre-stripping from Stage 4 of
    the pit. In the second quarter, there is a shutdown of the
    process plant for planned maintenance. The Company
    expects to mine more ore and at higher gold grades at
    the end of the second quarter through to the end of the
    year. Throughput rates are also expected to steadily
    increase during the year through debottlenecking to
    achieve the planned 3.5 Mtpa rate by the end of the
    year.
    Looking ahead at Reefton, the Company expects to
    mine and process higher grades beginning in early third
    quarter. Additionally, the final cutback at Reefton will be
    completed early in the third quarter.
    Subsequent to the quarter end at Macraes on April 19,
    a pit wall failure due to heavy rain resulted in a
    temporary suspension of mining activities at the open
    pit and underground. There were no injuries and
    production was unaffected as stockpile ore was fed
    through the mill. Production from the underground
    resumed on April 24 and the Company is currently
    developing a new mine plan for the open pit. The
    Company expects minimal impact from this event as
    the current mine plan included mining less ore and at
    lower grades with an increasing proportion of low grade
    stockpile ore being processed.
    Overall, the Company expects to achieve its production
    guidance for 2014."
 
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Currently unlisted public company.

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