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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Oceanagold Corporation | ASX:OGC | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.15 | 2.18 | 2.20 | 0.00 | 01:00:00 |
From May 2019 to May 2024
By Lucy Craymer
WELLINGTON--OceanaGold Corp. (OGC.AU, OCANF, OGC.T) has signed a nonbinding letter of intent to buy the Waihi Gold Mine in New Zealand's central North Island from Newmont Mining Corp.'s (NEM) Waihi Gold Mine for US$101 million plus customary adjustments.
It said in a statement Thursday that the proposed transaction is subject to completion of comprehensive due diligence, execution of a definitive acquisition agreement, board and regulatory approvals and other customary closing conditions.
"We have long believed that Waihi represents a strong strategic fit within Oceanagold... Waihi represents a unique opportunity for us to acquire a high-quality asset that has demonstrated the propensity to extend mine life for more than two decades in what is still a very prospective, high-quality gold field," said Oceanagold managing director and chief executive Mick Wilkes.
Write to Lucy Craymer at lucy.craymer@wsj.com, @lucy_craymer
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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