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OceanaGold raising to shore up balance sheet

Having been hit by COVID-19 issues at both its Haile operation in South Carolina and its Macraes operation in New Zealand, OceanaGold will further shore up its balance sheet with a C$150 million equity raising now underway.

Michael Quinn
OceanaGold's Haile mine in North Carolina

OceanaGold's Haile mine in North Carolina

Pricing of the new shares has been put at $2.06, with the stock above $3 in July-August. In late-August OceanaGold reduced annual guidance for Haile to 135,000-175,000oz. OceanaGold's original guidance...

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