VANCOUVER, BC, Oct. 6, 2024
/PRNewswire/ - OceanaGold Corporation (TSX: OGC) (OTCQX: OCANF)
("OceanaGold" or the "Company") welcomes the inclusion of projects
at both our Waihi and Macraes mines in the list of proposed
projects under the New Zealand Government's Fast-track Approvals
Bill for regionally and nationally significant infrastructure and
development projects.
Yesterday, the New Zealand Government released the names of 149
Listed Projects that will be eligible to apply for approvals
through processes under the proposed Fast-track Approvals Act.
Included in the list was the Waihi North Project, which includes
the highly prospective Wharekirauponga (WKP) proposed underground
mine, as well as the Macraes Phase 4 Project, a mine extension
permit.
Gerard Bond, President & CEO
of OceanaGold, said "I am delighted to see both of our projects on
the list for consideration under the new Fast-track Approvals Bill.
We welcome a clear and timely regulatory process in New Zealand which supports the development of
projects that can provide economic benefits while respecting
important environmental, cultural and social protections.
Expediting the permitting of our projects will preserve the jobs of
1,000 employees we have in New
Zealand, provides new jobs and will deliver wider economic
benefits for the local communities and the country."
The Fast-track Approvals Bill is expected to be passed into law
later this year, allowing listed projects to apply directly to a
Government-appointed expert panel for final decision.
www.oceanagold.com
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.
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.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 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.
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SOURCE OceanaGold Corporation