OceanaGold Releases Waihi District Pre-Feasibility Study with Attractive Economics and Initial Wharekirauponga Reserve of 1.2 Million Ounces
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OceanaGold Corporation has released a pre-feasibility study for its Waihi District, including the Wharekirauponga underground mine in New Zealand. The study highlights a 1.2 million ounce gold reserve, with significant economic potential and a 15-year mine life. The project has an after-tax NPV of $621 million at a $2,400 gold price and an IRR of 24%.
December 11, 2024 | 10:15 pm
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OceanaGold's Waihi District pre-feasibility study shows promising economic potential with a 1.2 million ounce gold reserve. The project has a 15-year mine life and an after-tax NPV of $621 million at a $2,400 gold price, indicating strong future revenue potential.
The pre-feasibility study indicates a significant gold reserve and strong economic metrics, which are likely to positively impact OceanaGold's stock price. The project's NPV and IRR at current gold prices suggest robust future cash flows, enhancing investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100