The Prospector News

OceanaGold Announces Sale of the Blackwater Project for US$30M

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

OceanaGold Announces Sale of the Blackwater Project for US$30M

 

 

 

 

 

OceanaGold Corporation (TSX: OGC) (OTCQX: OCANF) is pleased to announce the execution of a Sale and Purchase Agreement with Tasman Mining Limited, a wholly owned subsidiary of Federation Mining Inc. to acquire OceanaGold’s interest in the Blackwater project in New Zealand. The execution of the SPA follows the receipt of formal notice from Tasman to exercise its exclusive option on Blackwater, which has been held under a Project Deed since July 2018.

 

Under the terms of the SPA, OceanaGold is to receive US$30 million in cash upon closing of the transaction. The SPA is subject to a number of conditions including regulatory approval and is expected to close in 2024.  For further details and background on the Blackwater option see the Company’s most recent AIF (Section 11.4 Other Projects).

 

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.

 

Posted January 31, 2024

Share this news article

MORE or "UNCATEGORIZED"


Revival Gold Advances Programs at Mercur and Completes Geophysics at Beartrack-Arnett

Revival Gold Inc. (TSX-V: RVG) (OTCQX: RVLGF) is pleased to anno... READ MORE

July 23, 2024

Alamos Gold Continues to Expand High-Grade Mineralization Near Existing Infrastructure Across the Island Gold Deposit Supporting Further Expected Growth in Mineral Reserves and Resources

Alamos Gold Inc. (TSX:AGI) (NYSE:AGI) reported new results from u... READ MORE

July 23, 2024

Ero Copper Achieves First Saleable Copper Concentrate Production and Initiates Ramp-up at the Tucumã Project

Ero Copper Corp. (TSX: ERO) (NYSE: ERO) is pleased to announce a ... READ MORE

July 23, 2024

NEVADA KING INTERCEPTS 6.28 G/T AU OVER 54.9M HOSTED ENTIRELY BY INTRUSIVE ROCKS, EXTENDS MINERALIZATION UNDERNEATH THE SOUTH QUARTZITE RIDGE OPENING UP EXTENSIVE NEW TARGET AREAS AT ATLANTA

Nevada King Gold Corp. (TSX-V: NKG) (OTCQX: NKGFF) is pleased to... READ MORE

July 23, 2024

Imperial Reports Drilling at Mount Polley Extends Mineralization 885 Metres Beneath Springer Pit

Imperial Metals Corporation (TSX:III) reports diamond drill resul... READ MORE

July 23, 2024

Copyright 2024 The Prospector News