OGC 3.00% $2.40 oceanagold corporation

News: OGC Oceanagold Corp says qtrly core earnings $66.9 mln

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    Feb 23 (Reuters) - Oceanagold Corp (OGC) :

    • "Achieved record full year revenue of $628.6 million and net profit of $136.5 million"
    • "Achieved EBITDA of $283.6 million for full year and $66.9 million for Q4"
    • "Reported quarterly revenue of $147.4 million and net profit of $42.6 million in Q4"
    • Declared semi-annual dividend of $0.01 per common share
    • "With growth in production and higher margins expected in 2017, we are further strengthening our financial results and balance sheet"
    • In 2017, company expects to produce 550,000 to 610,000 ounces of gold and 15,000 to 17,000 tonnes of copper
    • Commissioning of Haile continues to advance well and we expect to announce commercial production early in Q2
    • Sees 2017 sector leading all-in sustaining costs range from $600 to $650 per ounce sold
    • "DENR order remains under appeal with office of president in Philippines. Didipio mine continues to operate without interruption"
 
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