Still, the company expects to meet its full-year guidance of 510,000-570,000 oz. for a double-digit annual growth, driven by its Haile mine in South Carolina, where the Horseshoe underground deposit recently went into production, and the Macraes operation in New Zealand.
More than 60% of the 2024 production is second half weighted, as it previously anticipated at the beginning of the year, OceanaGold said.
“The investment in waste stripping at Haile and Macraes during the first half of 2024 has positioned us for increased gold production in the remainder of the year,” OceanaGold CEO Gerard Bond said in the Q2 results release.
“We began accessing open pit ore from Ledbetter phase 2 at Haile in the middle of the second quarter, achieved target Horseshoe underground production rates at Haile in July, and are on track to begin mining open pit ore from Innes Mills 7 at Macraes in the third quarter,” he added.
On the…
