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Focused on delivering long-term value for
shareholders
BRISBANE, Australia, April 4,
2022 /CNW/ - OceanaGold Corporation (TSX: OGC) (ASX:
OGC) ("OceanaGold" or the "Company") is pleased to announce that
today Gerard Bond has commenced his
role as President and Chief Executive Officer of the Company. Mr.
Bond will initially be based in Melbourne, Australia and in the coming weeks
will travel to visit all operations and meet with shareholders and
other key stakeholders.
Mr. Paul Benson, Chairman of the
Board, said "Gerard's start with OceanaGold marks a new chapter for
the Company. His wealth of commercial and industry experience and
proven track record of driving performance and delivering on
business potential will be instrumental in unlocking the Company's
full value, and the Board is looking forward to working with him. I
would also like to take this opportunity to thank Scott Sullivan for stepping in as Acting
President and CEO. His leadership has been instrumental over the
past few months, and he will continue to be a key member of
OceanaGold's executive team in his role as Chief Operating
Officer."
Mr. Bond added, "I am looking forward to leading OceanaGold
through what I believe will be a transformational period for the
business, our shareholders and stakeholders. I am inheriting a
solid foundation with a highly talented workforce, a suite of
high-quality assets, one of the most exciting growth pipelines in
the industry, and a tremendous shareholder register of supportive
long-term minded investors."
"We will focus on delivering long-term value to shareholders by
safely and responsibly optimising all of our operations and
maximizing cash generation. This will allow us to reduce our debt,
return to paying dividends to shareholders and invest in
high-return projects such as the Wharekirauponga Mine in
New Zealand and the Haile
Underground Mine in the USA. We
have a lot of opportunity ahead of us and are focused on safely
delivering the full value potential of this business."
Authorised for release to the market by Company Secretary,
Liang Tang.
www.oceanagold.com | Twitter: @OceanaGold
About OceanaGold
OceanaGold is a multinational gold producer committed to the
highest standards of technical, environmental and social
performance. For 30 years, we have been contributing to excellence
in our industry by delivering sustainable environmental and social
outcomes for our communities, and strong returns for our
shareholders. Our global exploration, development, and operating
experience has created an industry-leading pipeline of organic
growth opportunities and a portfolio of established operating
assets including Didipio Mine in the
Philippines; Macraes and Waihi operations in New Zealand; and Haile
Gold Mine in the United States of
America.
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.sedar.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.
SOURCE OceanaGold Corporation