Loading ...OceanaGold Enters Into $78.5 Million Gold Prepayment Arrangement
MELBOURNE , Feb. 27, 2020 /CNW/ – OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the “Company”) is pleased to announce that it has entered into a forward gold sale arrangement with the support of members of the Company’s current banking group whereby the Company will receive a pre-payment of $78.5 million (approximately $1,635 per ounce) on February 28, 2020 , in exchange for delivering 48,000 gold ounces between September and December 2020 . The advanced gold ounces sold represents just over 30% of expected gold production across that period and 13% of the Company’s total 2020 full year production.
https://finance.yahoo.com/news/oceanagold-enters-78-5-million-083100877.html