/NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO
US NEWSWIRE SERVICES/
MELBOURNE, July 30, 2014 /CNW/ - OceanaGold Corporation
(TSX: OGC) (ASX: OGC) (NZX: OGC) ("the Company") is pleased to
announce the appointment of Paul B.
Sweeney to the Company's Board of Directors.
Mr. Sweeney will take the place of Jake
Klein, following his resignation effective 30 July 2014. Mr. Klein was appointed
Non-Executive Director in December
2009.
Mr. Sweeney will join the Board on 30
July 2014, and brings with him substantial international
experience across mining and renewable energy industries. An
independent business consultant since May
2011, he is currently on the board of a number of Canadian
listed public companies including Tahoe Resources, Inc.
In reporting these changes, the Company's Chairman, Mr.
Jim Askew, said:
"On behalf of the Board, OceanaGold is very grateful for Jake's
service over a period of great change for the Company and during a
period when he was also deeply involved personally with the
creation of the Company he chairs, Evolution Mining Limited."
"Paul is an immensely experienced finance and mining executive,
and more latterly, company director. With OceanaGold's increasing
interest in international growth, Paul's broad international
experience will be invaluable."
About OceanaGold
OceanaGold Corporation is a significant multinational gold
producer with mines located on the South Island of New Zealand and in the Philippines. The Company's assets
encompass New Zealand's largest
gold mining operation at the Macraes goldfield in Otago which is
made up of the Macraes Open Pit and the Frasers Underground mines.
Additionally, on the west coast of the South Island, the Company
operates the Reefton Open Pit mine. OceanaGold's Didipio Mine in
northern Luzon, Philippines
commenced commercial production on 1 April
2013 and is expected to produce 100,000 ounces of gold and
14,000 tonnes of copper per year on average over the next 15 years.
In 2014, the Company expects to produce 275,000 to 305,000 ounces
of gold from the combined New
Zealand and Philippine operations and 21,000 to 24,000
tonnes of copper from the Philippine operations.
OceanaGold is listed on the Toronto, Australian and New Zealand stock exchanges under the symbol
OGC.
Cautionary Statement for Public Release
Certain information contained in this public release, including
any information relating to the Company's future financial or
operating performance 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 future growth, 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 such as
production forecasts are subject to a variety of risks and
uncertainties which could cause actual events, performance,
achievements or results to differ materially from those expressed
in the forward-looking statements. 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. Such
forward-looking statements 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. Some of these risks and
uncertainties include: general economic and market factors
(including changes in global, national or regional financial
credit, currency or securities markets); changes or developments in
global, national or regional political conditions (including any
act of terrorism or war); changes in laws (including tax laws) and
changes in GAAP or regulatory accounting requirements; fluctuations
in the price of gold; inability to obtain required consents,
permits or approvals; and other risk factors as outlines in the
Company's annual and interim filings. Readers are cautioned that
the foregoing list of factors is not exhaustive. Although the
Company believes that any forward-looking 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 information, whether as a
result of new information, events or otherwise, except as required
by applicable securities laws. All forward looking information
contained in this public release is qualified by this Cautionary
Statement. The information contained in this release is not
investment or financial product advice.
SOURCE OceanaGold Corporation