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OceanaGold Provides Annual Resource and Reserve Statement Update
OceanaGold Provides Annual Resource and Reserve Statement Update Canada NewsWire ...
About this update from Oceanagold Corporation
[{"type":"text","content":"\n\n\n\nOceanaGold Provides Annual Resource and Reserve Statement Update\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prngen3{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnbcc{\nBORDER-TOP:0pt solid; BORDER-RIGHT:0pt solid; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt solid; BORDER-LEFT:0pt solid\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMELBOURNE, March 31, 2020\n\n\n\n/NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES./ \n MELBOURNE, March 31, 2020 /CNW/ - OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the \"Company\") is pleased to provide its updated annual Resource and Reserve (\"R&R\") statement for the year ended December 31, 2019. \nHighlights\nTotal Proven and Probable Reserves of 5.3 Moz of gold, 3.5 Moz of silver and 0.16 Mt of copper, with growth in gold reserves offsetting approximately half of 2019 mining depletion. Total Measured and Indicated Resources increased by approximately 0.80 Moz of gold year-on-year, net of mining depletion. Inferred Resources increased approximately 0.7 Moz of gold year-on-year, net of mining depletion largely due to first-time reporting of an Inferred Resource of 0.6 Moz for the Palomino underground deposit at Haile and an additional 0.3 Moz for the WKP underground deposit near Waihi.Michael Holmes, acting President and CEO of OceanaGold said, \"Since 2015, we have focused on creating value for shareholders by investing in organic growth initiatives including exploration. These investments have yielded strong results, including the growth of Mineral Resources at the Martha Underground at Waihi, the Horseshoe Underground at Haile, and the discovery of additional resources at WKP in New Zealand.\"\n\"Since the acquisition of Waihi in 2015, our exploration team have delivered outstanding re...