VANCOUVER,
BC, Feb. 21, 2024 /CNW/ - OceanaGold
Corporation (TSX: OGC) (OTCQX: OCANF) ("OceanaGold" or the
"Company") is pleased to provide its Mineral Reserves and Mineral
Resources ("R&R") statement for the year-ended December 31, 2023.
Gerard Bond,
President and CEO of OceanaGold, said "I am pleased to share the
updated Mineral Reserves and Resources estimates for the Company,
including at Haile, where we were able to increase Horseshoe
reserves and declare an initial reserve estimate of 380,000 ounces
at Palomino. The opening and successful delivery of ore from the
Horseshoe underground at Haile last year was a pivotal milestone
for the Company. With growth in the Horseshoe reserve and the
addition of Palomino to reserves, the projected longevity and
profitability of the Haile mine is strengthened.
Additionally, I am delighted by the increase in
Indicated resources at Wharekirauponga in New Zealand, which now exceeds one million
ounces and with a grade increase to 15.9 g/t, demonstrating how
truly exceptional this deposit is. Our updated reserves and
resources estimates continue to provide a strong base for organic
growth in the coming years and I am excited about what our
exploration programs will bring in 2024 and beyond."
Highlights
- Total Mineral Reserve additions of 0.69 Moz before mining
depletion and adjustments
- Total Measured and Indicated Mineral Resource additions
totalled 1.12 Moz
- Initial Mineral Reserves of 4.0 Mt @ 2.91 g/t Au for 0.38 Moz
declared at Palomino at Haile
- Increase in Mineral Reserves to 3.8 Mt @ 4.23 g/t Au for 0.52
Moz at Horseshoe at Haile
- Increase in Measured and Indicated Mineral Resources at Didipio
of 0.11 Moz
- Increase in Indicated Mineral Resources to 2.0 Mt @ 15.9 g/t Au
for 1.01 Moz at Wharekirauponga
- Increase in Indicated Mineral Resources by 0.15 Moz at Martha
Underground at Waihi
- Decrease in Mineral Reserves at Macraes by 0.5Moz, reflecting
the removal of Round Hill
Mineral Reserves
The Proven and Probable Mineral Reserves
estimates as at December 31, 2023 are
presented in Table 1 below.
Table 1: Proven and Probable Reserves as at
31 December, 2023
PROJECT
|
PROVEN
|
PROBABLE
|
PROVEN & PROBABLE
|
|
AREA
|
Mt
|
Au g/t
|
Ag g/t
|
Cu%
|
Mt
|
Au g/t
|
Ag g/t
|
Cu%
|
Mt
|
Au g/t
|
Ag g/t
|
Cu%
|
Au Moz
|
Ag Moz
|
Cu Mt
|
Cut-Off
|
Horseshoe Underground
|
0.10
|
4.53
|
2.0
|
.
|
3.7
|
4.23
|
1.7
|
.
|
3.8
|
4.23
|
1.7
|
.
|
0.52
|
0.2
|
.
|
1.74 g/t
Au
|
Palomino Underground
|
.
|
.
|
.
|
.
|
4.0
|
2.91
|
2.7
|
.
|
4.0
|
2.91
|
2.7
|
.
|
0.38
|
0.3
|
.
|
1.74 g/t
Au
|
Open Pits
|
3.6
|
1.03
|
1.6
|
.
|
32.8
|
1.62
|
2.4
|
.
|
36.4
|
1.56
|
2.3
|
.
|
1.82
|
2.7
|
.
|
0.50 g/t & 0.60
g/t
Au
|
HAILE TOTAL
|
3.7
|
1.13
|
1.6
|
|
40.6
|
1.98
|
2.4
|
|
44.3
|
1.91
|
2.3
|
|
2.72
|
3.3
|
|
|
Didipio Underground
|
14.6
|
1.56
|
1.9
|
0.43
|
5.92
|
0.95
|
1.6
|
0.36
|
20.5
|
1.38
|
1.8
|
0.41
|
0.91
|
1.2
|
0.08
|
0.76 g/t & 1.16
g/t
AuEq
|
Open Pit Stockpiles
|
18.0
|
0.32
|
2.0
|
0.29
|
.
|
.
|
.
|
.
|
18.0
|
0.32
|
2.0
|
0.29
|
0.18
|
1.2
|
0.05
|
0.40 g/t
AuEq
|
DIDIPIO TOTAL
|
32.6
|
0.87
|
1.9
|
0.4
|
5.9
|
0.95
|
1.6
|
0.4
|
38.6
|
0.88
|
1.9
|
0.4
|
1.10
|
2.3
|
0.14
|
|
Macraes Underground
|
0.2
|
2.00
|
.
|
.
|
2.8
|
1.97
|
.
|
.
|
3.0
|
1.97
|
.
|
.
|
0.19
|
.
|
.
|
1.28 g/t & 1.35
g/t
Au
|
Macraes Open Pits
|
6.0
|
0.51
|
.
|
.
|
13.6
|
0.71
|
.
|
.
|
19.6
|
0.65
|
.
|
.
|
0.41
|
.
|
.
|
0.40 g/t
Au
|
MACRAES TOTAL
|
6.2
|
0.55
|
|
|
16.4
|
0.92
|
|
|
22.5
|
0.82
|
|
|
0.60
|
|
|
|
Martha Underground
|
.
|
.
|
.
|
.
|
3.30
|
4.51
|
15
|
.
|
3.30
|
4.51
|
15
|
.
|
0.48
|
1.5
|
.
|
2.60 g/t & 3.10
g/t
Au
|
WAIHI TOTAL
|
|
|
|
|
3.3
|
4.51
|
15
|
|
3.3
|
4.51
|
15
|
|
0.48
|
1.5
|
|
|
TOTAL
|
42.5
|
0.85
|
|
|
66.2
|
1.75
|
|
|
109
|
1.40
|
|
|
4.89
|
7.2
|
0.14
|
|
- Mineral Reserves are defined by mine designs based upon metal
prices of US$1,500/oz gold,
US$3.00/lb copper and US$17/oz silver. New
Zealand reserves use 0.70
NZD/USD exchange rate.
- Reported estimates of contained metal are not depleted for
processing losses.
- For underground reserves, cut-offs applied to diluted
grades.
- For Haile Open Pit, the primary cut-off grade is 0.5 g/t Au
whilst oxide material is assigned a 0.6 g/t Au cut-off grade.
- For Haile Underground, the cut-off is 1.87 g/t Au, with
adjacent lower grade stopes included in the reserves based on an
incremental stope cut-off grade of 1.74 g/t Au.
- For Didipio, gold equivalence (AuEq) is based upon the
presented gold and copper prices as well as processing recoveries.
AuEq = Au g/t + 1.37 x Cu%.
- For Didipio, the 18.0 Mt open pit stockpile inventory includes
5.3 Mt of low-grade stocks mined at an approximate 0.27 g/t AuEq
cut-off.
- For Didipio Underground, incremental stopes proximal to
development already planned to access main stoping areas are
reported to a lower cut-off of 0.76 g/t AuEq.
- For Macraes Underground, Frasers Underground cut-off is 1.28
g/t Au whilst Golden Point Underground cut-off is 1.35 g/t Au.
- For Martha Underground, the cut-off for previously unmined
stoping areas is 2.6 g/t Au, increasing to 3.1 g/t Au for stoping
areas in close proximity to remnant workings.
Mineral Reserves increased year-over-year at
Haile, due to increases in the Haile underground, where additions
were made at Horseshoe and the first Mineral Reserve estimate for
Palomino was declared. Further details, including a detailed mine
plan for Haile, is expected to be released in an updated technical
report in accordance with National Instrument 43-101 – Standards of
Disclosure for Mineral Projects ("NI 43-101") by March 31, 2024. The technical report will include
both Palomino and Horseshoe underground mines, with first ore from
Palomino expected in 2027. The Company is also advancing a
trade-off study on the potential option to mine Ledbetter phase 4
from underground as compared to the current plan to mine as an open
pit. If the underground option is deemed to improve the economic
value of the mine, this could result in the removal of lower-margin
Mineral Reserves at Haile.
The Macraes Future Options work was completed in
2023, as outlined in the 2022 Mineral Reserves and Resources
statement. The work concluded that the Round Hill Open Pit did not
generate sufficient economic return on capital, and therefore was
removed from Mineral Reserves in 2023, which resulted in a 0.5 Moz
reduction in reserves at Macraes. This was partially offset by the
reserve additions mentioned above that contributed to a
consolidated 0.31 Moz decrease in Mineral Reserves across the
Company. An updated NI 43-101 technical report for Macraes is
expected to be completed by March 31,
2024. The team is also focused on identifying potential
additional ore sources that could extend mine life at gold prices
above the current $1,500/oz Mineral
Reserve price assumption.
Mineral Resources
Measured and Indicated Resources
The Measured and Indicated Mineral Resource
estimates (inclusive of Mineral Reserves) as at December 31, 2023 are presented in Table 2
below.
Table 2: Measured and Indicated
Resources as at 31 December,
2023
PROJECT
|
MEASURED
|
INDICATED
|
MEASURED & INDICATED
|
|
AREA
|
Mt
|
Au g/t
|
Ag g/t
|
Cu%
|
Mt
|
Au g/t
|
Ag g/t
|
Cu%
|
Mt
|
Au g/t
|
Ag g/t
|
Cu%
|
Au Moz
|
Ag Moz
|
Cu Mt
|
Cut-Off
|
|
Horseshoe Underground
|
0.1
|
5.04
|
2.0
|
.
|
3.7
|
5.49
|
2.3
|
.
|
3.8
|
5.48
|
2.3
|
.
|
0.67
|
0.3
|
.
|
1.55 g/t
Au
|
|
Palomino Underground
|
.
|
.
|
.
|
.
|
4.5
|
3.10
|
2.8
|
.
|
4.5
|
3.10
|
2.8
|
.
|
0.45
|
0.4
|
.
|
1.55 g/t
Au
|
|
Open Pits
|
3.8
|
1.02
|
1.1
|
.
|
34.4
|
1.58
|
2.5
|
.
|
38.1
|
1.53
|
2.4
|
.
|
1.87
|
2.9
|
.
|
0.5 g/t / 0.6 g/t
Au
|
|
HAILE TOTAL
|
3.9
|
1.15
|
|
|
42.6
|
2.08
|
|
|
46.5
|
2.00
|
|
|
3.00
|
3.6
|
|
|
|
Didipio Underground
|
15.0
|
1.70
|
2.1
|
0.46
|
14.8
|
0.92
|
1.5
|
0.34
|
29.8
|
1.31
|
1.8
|
0.40
|
1.26
|
1.7
|
0.12
|
0.67 g/t
AuEq
|
|
Open Pit Stockpiles
|
18.0
|
0.32
|
2.0
|
0.29
|
.
|
.
|
.
|
.
|
18.0
|
0.32
|
2.0
|
0.29
|
0.19
|
1.1
|
0.05
|
0.40 g/t
AuEq
|
|
DIDIPIO TOTAL
|
33.0
|
0.95
|
|
|
14.8
|
0.92
|
|
|
47.8
|
0.94
|
|
|
1.44
|
2.8
|
0.17
|
|
|
Macraes Underground
|
0.3
|
2.60
|
.
|
.
|
7.6
|
2.43
|
.
|
.
|
7.9
|
2.43
|
.
|
.
|
0.62
|
.
|
.
|
1.28 g/t / 1.19 g/t
Au
|
|
Open Pits
|
10.2
|
0.73
|
.
|
.
|
23.5
|
0.63
|
.
|
.
|
33.8
|
0.66
|
.
|
.
|
0.72
|
.
|
.
|
0.30 g/t
Au
|
|
MACRAES TOTAL
|
10.5
|
0.78
|
|
|
31.2
|
1.07
|
|
|
41.7
|
1.00
|
|
|
1.34
|
|
|
|
|
Martha Underground
|
.
|
.
|
.
|
.
|
6.4
|
5.43
|
23.0
|
.
|
6.4
|
5.43
|
23.0
|
.
|
1.12
|
4.8
|
.
|
2.15 g/t
Au
|
|
Wharekirauponga
|
.
|
.
|
.
|
.
|
2.0
|
15.9
|
25.3
|
.
|
2.0
|
15.9
|
25.3
|
.
|
1.01
|
1.6
|
.
|
2.50 g/t
Au
|
|
Open Pits
|
.
|
.
|
.
|
.
|
7.2
|
1.73
|
12.7
|
.
|
7.2
|
1.73
|
12.7
|
.
|
0.40
|
2.9
|
.
|
0.5 g/t / 0.56 g/t
Au
|
|
WAIHI TOTAL
|
|
|
|
|
15.6
|
5.06
|
|
|
15.6
|
5.06
|
|
|
2.54
|
9.3
|
|
|
|
TOTAL
|
47.4
|
0.93
|
|
|
104
|
2.06
|
|
|
152
|
1.71
|
|
|
8.31
|
15.7
|
0.17
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- Mineral Resources include Mineral Reserves. There is no
certainty that Mineral Resources, not included as Mineral Reserves,
will convert to Mineral Reserves.
- All resources are based upon metal prices of US$1,700/oz gold, US$3.50/lb copper and US$20/oz silver and a 0.70
NZD/USD exchange rate for New
Zealand resources.
- Open Pit resources constrained to shells based upon economic
assumptions above. Waihi Open Pit resources reported within a pit
design limited by infrastructural considerations. Haile Open Pit
resources reported within reserve design pit.
- Underground resources for Didipio, Horseshoe at Haile, and
Frasers and Golden Point at Macraes,
are reported within volumes guided by optimised stope designs.
Underground resources for Palomino at Haile and Martha and
Wharekirauponga at Waihi are reported within optimised stope
designs based upon economic assumptions above.
- Haile Open Pit primary cut-off 0.50 g/t Au, oxide cut-off 0.60
g/t Au. Palomino resources and Horseshoe resources at a 1.55 g/t Au
cut-off.
- For Didipio Open Pit, only stockpiles remain. These include 5.3
Mt of low grade at 0.27 g/t AuEq. Underground resources reported at
a 0.67 g/t AuEq cut-off between the 2,460mRL and 1,920mRL with gold
equivalence (AuEq) cut-off based on presented gold and copper
prices. AuEq = Au g/t + 1.39 x Cu %.
- Waihi: Martha Underground at a 2.15 g/t Au cut-off,
Wharekirauponga at a 2.5 g/t Au cut-off, Martha Open Pit at a 0.5
g/t Au cut-off and Gladstone Open Pit at a 0.56 g/t Au
cut-off.
The year-over-year decrease of 0.28 Moz was
largely due to mining depletion across the operations and the
previously mentioned removal of Round Hill Open Pit at Macraes. The
decreases were offset by gains from conversion of Inferred material
at Waihi (Wharekirauponga and Martha Underground), Haile (Horseshoe
and Palomino), Macraes (Golden Point Underground), and Didipio
(Figure 2).
Inferred Resources
The Inferred Mineral Resource estimates as at
December 31, 2023 are presented in
Table 3 below.
Table 3: Inferred Resources as at 31 December, 2023
PROJECT
|
INFERRED
|
|
AREA
|
Mt
|
Au g/t
|
Ag g/t
|
Cu%
|
Au Moz
|
Ag Moz
|
Cu Mt
|
Cut-Off
|
Horseshoe Underground
|
1.8
|
4.1
|
2.1
|
.
|
0.2
|
0.13
|
.
|
1.55 g/t
Au
|
Palomino Underground
|
0.8
|
2.2
|
2.0
|
.
|
0.1
|
0.05
|
.
|
1.55 g/t
Au
|
Open Pits
|
2.8
|
0.9
|
.
|
.
|
0.1
|
.
|
.
|
0.5 g/t / 0.6 g/t
Au
|
HAILE TOTAL
|
5.4
|
2.2
|
|
|
0.4
|
0.2
|
|
|
Didipio Underground
|
12
|
0.8
|
1.3
|
0.3
|
0.3
|
0.5
|
0.03
|
0.67 g/t
AuEq
|
Open Pit Stockpiles
|
|
|
|
|
|
|
|
0.40 g/t
AuEq
|
DIDIPIO TOTAL
|
12
|
0.8
|
1.3
|
0.1
|
0.3
|
0.5
|
0.03
|
|
Macraes Underground
|
2.5
|
1.9
|
.
|
.
|
0.2
|
.
|
.
|
1.28 g/t / 1.19 g/t
Au
|
Open Pits
|
11
|
0.8
|
.
|
.
|
0.3
|
.
|
.
|
0.30 g/t
Au
|
MACRAES TOTAL
|
13
|
1.0
|
|
|
0.4
|
|
|
|
Martha Underground
|
3.1
|
4.7
|
24
|
.
|
0.5
|
2.4
|
.
|
2.15 g/t
Au
|
Wharekirauponga
|
1.2
|
9.0
|
17
|
.
|
0.4
|
0.7
|
.
|
2.50 g/t
Au
|
Open Pits
|
5.7
|
1.7
|
16
|
.
|
0.3
|
3.0
|
.
|
0.5 g/t / 0.56 g/t
Au
|
WAIHI TOTAL
|
10
|
3.6
|
19
|
|
1.1
|
6.0
|
|
|
TOTAL
|
40
|
1.8
|
|
|
2.3
|
6.7
|
0.03
|
|
- See footnotes for Table 2
Of the 1.6 Moz year-over-year gold decrease in
Inferred Resources, 0.7 Moz is attributed to the sale in
January 2024 of the Blackwater
project to Tasman Mining Limited, a wholly owned subsidiary of
Federation Mining Inc. (see OGC News Release here). The remaining
0.9 Moz decrease is due to the successful drilling conversion of
Inferred Mineral Resources to Indicated Mineral Resources at
Didipio, Haile (Horseshoe and Palomino) and Waihi (Wharekirauponga
and Martha Underground) (Figure 3).
Updated Technical
Reports
Technical reports for Haile and Macraes, prepared
in accordance with NI 43-101, will be filed under the Company's
profile on SEDAR+ at www.sedarplus.com and on the Company's website
concurrent with the filing of the Company's 2023 annual information
form by March 31, 2024.
About OceanaGold
OceanaGold is a growing intermediate gold and
copper producer committed to safely and responsibly maximizing the
generation of Free Cash Flow from our operations and delivering
strong returns for our shareholders. We have a portfolio of four
operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in
the Philippines; and the Macraes
and Waihi operations in New
Zealand.
Notes to Mineral Reserves and
Mineral Resources Estimates
All Mineral Reserves and Mineral Resources were
estimated as at December 31, 2023 and
have been prepared in accordance with NI 43-101.
All tonnage, grade and contained metal content
estimates have been rounded; rounding may result in apparent
summation differences between tonnes, grade, and contained metal
content.
Mineral Resources are reported inclusive of
Mineral Reserves. Mineral Resources that are not Mineral Reserves
do not have demonstrated economic viability. The estimation of
Mineral Resources is inherently uncertain and involves subjective
judgments about many relevant factors. It is reasonably expected
that the majority of Inferred Mineral Resources could be upgraded
to Indicated Mineral Resources with continued exploration.
The updates to the Mineral Resources estimate for
Haile open pit and underground have been verified and approved by,
or are based on information prepared by, or under the supervision
of, J. Moore, the Company's Group Manager – Resource Development.
The updates to the Mineral Reserves estimate for Haile open pits
have been verified and approved by, or are based on information
prepared by, or under the supervision of, D. Londono, the Company's
Chief Operating Officer Americas, and the Mineral Reserves estimate
for Haile underground has been verified and approved by or is based
upon information prepared by, or under the supervision of, B.
Drury, the Company's Interim Underground Project Manager,
Haile.
The Mineral Resources estimate for Didipio has
been verified and approved by, or is based on information prepared
by, or under the supervision of, J. Moore while the Mineral
Reserves estimate for Didipio Underground has been verified and
approved by or is based upon information prepared by, or under the
supervision of, P. Jones, the Company's Group Mining Engineer –
Underground.
Any updates to the Mineral Resources estimate for
Macraes open pits have been verified and approved by, or are based
on information prepared by, or under the supervision of, J. Moore.
The updates to the Mineral Resources estimate for Macraes
underground operations have been verified and approved by, or are
based on information prepared by, or under the supervision of, M.
Grant, the Company's Senior Geologist – Resource Development,
Macraes. The Mineral Reserves estimate for Macraes open pits has
been verified and approved by, or is based on information prepared
by, or under the supervision of, K. Madambi, the Company's Manager
– Technical Services & Projects, Macraes. The Mineral Reserves
estimate for Macraes underground has been verified and approved by,
or is based upon information prepared by, or under the supervision
of, E. Leslie, the Company's Group Mining Engineer, Macraes.
Any updates to the Mineral Resources estimate for
Waihi's Martha open pit have been verified and approved by, or are
based on information prepared by, or under the supervision of, J.
Moore. Any updates to the Mineral Resources estimate for Waihi's
Wharekirauponga Underground, Gladstone open pit and MUG have been verified
and approved by, or are based on information prepared by, or under
the supervision of, L. Crawford-Flett, the Company's Superintendent
– Resource Development, Waihi. The Mineral Reserves estimate for
Waihi underground has been verified and approved by, or is based on
information prepared by, or under the supervision of, D.
Townsend, the Company's Manager –
Mining (Underground).
All such persons noted above are "qualified
persons" for the purposes of NI 43-101. D. Londono is a registered
member of the Society of Mining Engineers with the Society of
Mining, Metallurgy & Exploration. Messrs Crawford-Flett,
Madambi, Jones, Leslie, Moore and Townsend are Members and Chartered
Professionals with the Australasian Institute of Mining and
Metallurgy. M Grant is a member of the Australian Institute of
Geoscientists. B. Drury is a Registered Member with the Society of
Mining, Metallurgy & Exploration.
For further scientific and technical information
supporting the disclosure in this news release (including
disclosure regarding Mineral Resources and Mineral Reserves, data
verification, key assumptions, parameters, methods used to estimate
the Mineral Resources and Mineral Reserves, and risks and other
factors), please refer to the following NI 43-101 technical reports
available on the SEDAR+ website at www.sedarplus.com under the
Company's name:
- "NI 43-101 Technical Report Macraes Gold Mine Otago,
New Zealand" dated September 25, 2020 with an effective date of
June 30, 2020, prepared by D.
Carr, Chief Metallurgist and T.
Cooney, previously General Manager of Studies, and P. Doelman, Tech
Services and Project Manager, S.
Doyle, previously Principal Resource Geologist and P.
Edwards, Senior Project Geologist;
- "NI 43-101 Technical Report Didipio Gold / Copper Operations
Luzon Island, Philippines" dated
March 31, 2022 with an effective date
of December 31, 2021, prepared by D.
Carr, , P Jones, and J.
Moore;
- "Waihi District - Martha Underground Feasibility Study NI
43-101 Technical Report" with an effective date of March 31, 2021, prepared by T. Maton, Study
Manager and P. Church, previously Principal Resource Development
Geologist, and D. Carr; and
- "NI 43-101 Technical Report Haile Gold Mine Lancaster County, South Carolina" dated
March 30, 2022 with an effective date
of December 31, 2021, prepared by D.
Carr, Chief Metallurgist, G.
Hollett, Group Mining Engineer, and J. Moore, B. Drury and D.
Londono, M. Kirby, J. Poeck, M. Sullivan, D. Bird, B. S. Prosser
and J. Tinucci of SRK Consulting, J. Newton
Janney-Moore and W. Lucas
Kingston of Newfields and L. Standridge of Call and
Nicholas.
Cautionary Statement Regarding
Mineral Resources and Mineral Reserves
The disclosure in this news release has been
prepared in accordance with NI 43-101, which differs significantly
from the requirements of the United States Securities and Exchange
Commission ("SEC"), and resource and reserve information contained
or referenced in this news release may not be comparable to similar
information disclosed by public companies subject to the technical
disclosure requirements of the SEC. Historical results or
feasibility models presented herein are not guarantees or
expectations of future performance.
Cautionary Statement Regarding
Forward-Looking Information
Certain information contained in this news
release may be deemed "forward-looking" within the meaning of
applicable securities laws. All statements other than statements of
historical facts included in this news release constitute
forward-looking statements, including but not limited to, the
extension of mine life at Haile, the timing for first ore from
Palomino, preparation for an updated NI 43-101 on each of Haile and
Macraes and the scope of such technical report, information
relating to future performance and reflect the Company's
expectations regarding the generation of free cash flow, execution
of business strategy, future growth, future production, estimated
costs, results of operations, business prospects and opportunities
of OceanaGold and its related subsidiaries. Any statements that
express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (often, but not always, using words
or phrases such as "expects" or "does not expect", "is expected",
"anticipates" or "does not anticipate", "plans", "estimates" or
"intends", or stating that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be
achieved) are not statements of historical fact and may be
forward-looking statements. Forward-looking statements are subject
to a variety of risks and uncertainties which could cause actual
events or results to differ materially from those expressed in the
forward-looking statements and information. They include, among
others, the accuracy of Mineral Reserve and Mineral Resource
estimates and related assumptions, inherent operating risks and
those risk factors identified in the Company's most recent Annual
Information Form prepared and filed with securities regulators,
which is available on SEDAR+ at www.sedarplus.com under the
Company's name. There are no assurances the Company can fulfil
forward-looking statements and information. Such forward-looking
statements and information are only predictions based on current
information available to management as of the date that such
predictions are made; actual events or results may differ
materially as a result of risks facing the Company, some of which
are beyond the Company's control. Although the Company
believes that any forward-looking statements and information
contained in this news release is based on reasonable assumptions,
readers cannot be assured that actual outcomes or results will be
consistent with such statements. Accordingly, readers should not
place undue reliance on forward-looking statements and
information.
The Company expressly disclaims any intention or
obligation to update or revise any forward-looking statements and
information, whether as a result of new information, events or
otherwise, except as required by applicable securities laws. The
information contained in this release is not investment or
financial product advice.
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SOURCE OceanaGold Corporation