OceanaGold Corporation - Appointment of Non-Executive Director
MELBOURNE, March 14, 2018 /CNW/ - OceanaGold Corporation (TSX/ASX: OGC) (the "Company") is pleased to announce the appointment of Dr. Nora Scheinkestel to the Board of Directors (the "Board") as a Non-Executive Director, effective 1 April 2018.
Jim Askew, Chairman of the Board said, "We are delighted to welcome Dr. Scheinkestel to the Board of Directors at OceanaGold. She brings extensive experience in commercial banking and metallic mining and will be a valued addition to the Board."
Dr. Scheinkestel is an experienced Company Director, serving for over 25 years as a Non-Executive Chairman and Director of companies across a wide range of private and public sectors, including significant resource sector experience, having served as a Non-Executive Director of North Ltd, Newcrest Ltd and Orica Ltd between 1996 and 2015.
Dr. Scheinkestel is currently the Chairman of Macquarie Atlas Roads Limited, Macquarie Atlas Roads International Limited, Telstra Corporation Limited and Ausnet Services Ltd. She is stepping down as a Director of the Stockland Group on 20 March 2018. She is also a Trustee of the Arts Centre Trust.
In addition, Dr. Scheinkestel has held international senior executive roles in project financing responsible for the development of major mining and infrastructure projects across Australasia and South East Asia. She is also a former member of the Australian Takeovers Panel and in 2003, was awarded a centenary medal for services to Australian Society in Business Leadership.
Dr. Scheinkestel has a Bachelor of Law and a Doctorate from the University of Melbourne and is currently an Associate Professor within the Melbourne Business School.
OceanaGold Corporation is a mid-tier, high-margin, multinational gold producer with assets located in the Philippines, New Zealand and the United States. The Company's assets encompass the Didipio Gold-Copper Mine located on the island of Luzon in the Philippines. On the North Island of New Zealand, the Company operates the high-grade Waihi Gold Mine while on the South Island of New Zealand, the Company operates the largest gold mine in the country at the Macraes Goldfield which is made up of a series of open pit mines and the Frasers underground mine. In the United States, the Company operates the Haile Gold Mine, a top-tier, long-life, high-margin asset located in South Carolina. OceanaGold also has a significant pipeline of organic growth and exploration opportunities in the Americas and Asia-Pacific regions.
OceanaGold has operated sustainably over the past 27 years with a proven track-record for environmental management and community and social engagement. The Company has a strong social license to operate and works collaboratively with its valued stakeholders to identify and invest in social programs that are designed to build capacity and not dependency.
In 2018, the Company expects to produce 480,000 to 530,000 ounces of gold and 15,000 to 16,000 tonnes of copper with All-In Sustaining Costs that range from $725 to $775 per ounce sold.