OCEANAGOLD’S PRESIDENT AND CEO, GERARD BOND, STARTS IN OFFICE
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Focused on creating long-term shareholder value
Brisbane, Australia, April 4, 2022 /CNW/ – OceanaGold Corporation (TSX: OGC) (ASX: OGC) (“OceanaGold” or the “Company”) is pleased to announce that today Gerard Bond took office as President and Chief Executive Officer of the Company. Mr. Bond will initially be based in Melbourne, Australia and in the coming weeks we will travel to visit all operations and meet with shareholders and other key stakeholders.
Sir. Paul BensonChairman of the Board, said, “Gerard’s debut with OceanaGold marks a new chapter for the company. His extensive business and industry experience and proven track record of performance and realizing business potential will be instrumental in unlocking the full value of the company, and the Board looks forward to working with him and I take this opportunity to thank Scott Sullivan for stepping in as interim 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 management team in his role as COO. »
Mr. Bond added: “I look forward to leading OceanaGold through what I believe will be a period of transformation for the business, our shareholders and our stakeholders. I inherit 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 formidable shareholder register of ‘long-term conscious investors.
“We will focus on creating long-term shareholder value by safely and responsibly optimizing all our operations and maximizing cash generation. This will allow us to reduce our debt, resume paying dividends to shareholders and to invest in high-return projects such as the Wharekiraponga mine in New Zealand and the Haile underground mine in the United States. We have many opportunities ahead of us and we are focused on safely realizing the full value potential of this business.”
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OceanaGold is a multinational gold producer committed to the highest standards of technical, environmental and social performance. For 30 years, we have contributed to excellence in our industry by delivering sustainable environmental and social results for our communities and strong returns for our shareholders. Our global exploration, development and mining experience has created an industry-leading pipeline of organic growth opportunities and a portfolio of established operating assets, including the Didipio mine in The Philippines; Macraes and Waihi operations in New Zealand; and Haile gold mine in The United States of America.
Warning for public release
Certain information contained in this public release may be considered “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 free cash flow generation, execution of business strategy, future growth, future production, estimated costs, results of operations , business prospects and opportunities for OceanaGold Corporation and its related subsidiaries. Any statement that expresses or implies discussions regarding predictions, expectations, beliefs, plans, projections, goals, assumptions, or future events or performance (often, but not always, using words or phrases such that “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or indicates that certain actions, events or results “may”, “could”, “could”, “could” or “will” be taken, occur or be carried out) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ materially from those expressed in the forward-looking statements and information. They include, among other things, the accuracy of mineral reserve and resource estimates and related assumptions, inherent operating risks and risk factors identified in the Company’s most recent Annual Information Form prepared and filed with the authorities in securities which is available on SEDAR at www.sedar.com under the name of the Company. There is no assurance that the Company can abide by any forward-looking statements and information. These forward-looking statements and information are only predictions based on current information available to management as of the date such predictions are made; actual events or results may differ materially due to risks facing the Company, some of which are beyond the Company’s control. Although the Company believes that the forward-looking statements and information contained in this press release are based on reasonable assumptions, readers cannot be assured that actual 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 press release does not constitute investment or financial product advice.
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