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THE UNITED STATES AND NOT FOR
DISTRIBUTION TO US NEWSWIRE SERVICES./
VANCOUVER, BC, May 15, 2023
/CNW/ - OceanaGold Corporation (TSX: OGC) ("OceanaGold" or the
"Company") has published its annual Sustainability Report for the
year ended 31 December 2022,
outlining its activities across its mining operations in
the United States of America,
the Philippines and New Zealand.
2022 Sustainability Performance
Highlights:
- Achieved a record low Total Recordable Injury Frequency Rate
(TRIFR) of 2.31
- Independent assurance confirmed conformance with World Gold
Council Responsible Gold Mining Principles (RGMPs)
- The Board approved an interim target to reduce carbon emissions
intensity by 30% by 2030
- Spent over $194 million with
2,187 local suppliers
- Completed social change assessments at each operation
- Zero category four2 environmental incidents
- New Company Vision and Values
- New Respect at Work Policy reflects commitment to a safe,
inclusive and respectful workplace.
Gerard Bond, President and CEO of
OceanaGold, said: "2022 was a transformational year for the
Company. Most pleasingly it was our safest on record, as measured
by our TRIFR of 2.3 per million hours worked.
"We are steadfast in our commitment to continuously improve our
performance across the Company and in 2022, we continued to make
good progress against our sustainability commitments. This included
independent assurance of our compliance with the World Gold
Council's RGMPs, which confirmed there were no non-conformances. We
have published our results and our plans to continue enhancing our
performance in our first RGMP Implementation External Assurance
Report.
"As we look ahead to 2023 and beyond, sustainability remains
central to our strategy and Company performance goals. It matters
to our investors who rely on sustainability performance in their
investment decisions, to our employees who want to work for a
purpose-driven organization, and to other stakeholders who expect
us to manage the impacts associated with our operations.
"This means striving to protect the environment and to create
opportunities to generate long-term value, consistent with our
Purpose of mining gold for a better future."
Megan Saussey, Chief Sustainability Officer of OceanaGold, said:
"We take our responsibility to people and the environment
seriously. This is demonstrated in the way we support our people to
work safely; in the partnerships we foster and community objectives
we support; in the environmental practices and initiatives we
invest in, and in our commitment to integrity, high standards and
governance and transparency."
The OceanaGold 2022 Sustainability Report is available here.
The 2023 RGMP Implementation External Assurance Report is
available here.
The Company has also published its third annual Modern Slavery
Statement, available here.
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1 Per
million hours worked on a 12-month moving average basis for the
year ended 31 December 2022.
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2 Category 4
environment event - measurable medium-term impact off site (lasting
less than six months post remediation).
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About OceanaGold
OceanaGold is a multinational gold producer committed to the
highest standards of technical, environmental and social
performance. We are committed to excellence in our industry by
delivering sustainable environmental and social outcomes for our
communities, and strong returns for our shareholders. Our global
exploration, development, and operating experience has created a
strong pipeline of organic growth opportunities and a portfolio of
established operating assets including the Haile Gold Mine in
the United States of America,
Didipio Mine in the Philippines,
and the Macraes and Waihi operations in New Zealand.
www.oceanagold.com | Twitter: @OceanaGold
Cautionary Statement for Public
Release
Certain information contained in this public release may be
deemed "forward-looking" within the meaning of applicable
securities laws. Forward-looking statements and information relate
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 Corporation 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 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.sedar.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 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 press 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.
SOURCE OceanaGold Corporation