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Oceana Gold

OceanaGold raised to ‘accumulate’ by Forsyth Barr as share decline outpaces fall in gold price

Mick Wilkes

OceanaGold Corp. was raised to 'accumulate' from 'hold' by brokerage Forsyth Barr after a decline in the share price exceeded softer gold prices.

OceanaGold to lift gold output at cheaper cost in 2013 as Didipio comes on stream

Strong gold production expected from Macraes gold mine near Dunedin next year.

Pot of gold delivered by court to mine worker

Mineral reserves extends Macraes mine life to 2016

Australasian mining company Oceana Gold has made a second announcement about increased mineral reserves at its Macraes goldfield site, extending the life of the mine to 2016.

Analysts say the company is in a strong position going into 2010, even if the gold price drops from its $US1130 an ounce price.

The dual-listed (NZX: OGC) company also expects further results in the next few months, as a result of its brownfields exploration project, said vice-president of corporate and investor relations, Darren Klinck.