Mar 21st 2013 - Edison Investment Research today published a report on quickview entitled "Transformational Year". In summary, the report says:
First concentrate production at the recently commissioned Didipio mine in the Philippines coupled with promising exploration results from nearby prospects herald an important new source of low-cost gold production and earnings growth for OceanaGold, with the potential to add 100koz gold per annum in steady state to current New Zealand output. Didipio is the first project to operate in the Philippines under the Financial or Technical Assistance Agreement (FTAA) regime, which, given the expense recovery period will mean cash costs of production of US$79/oz gold, net of copper credits, for years one to six and thereby reducing group cash costs of production from US$940/oz gold reported in FY12 to between US$650-800/oz gold (FY13 guidance). The lifting of a two-year ban...
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