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OceanaGold Corporation (ASX:OGC, TSX:OGC, NZX:OGC) has signed an offtake agreement with international commodity trader, Trafigura.
The Asia Pacific gold producer says the deal is in relation to the sale and purchase of copper concentrate from its Didipio Project in the Philippines.
The latest agreement comes after OceanaGold and Trafigura inked a heads of agreement in July 2012 and is for a minimum of five years.
OceanaGold is listed on the Totonto, New Zealand and Australian stock exchanges, and rose 3.93 per cent on the ASX to end the session at $3.44 after the announcement was made on Friday.
The company advised earlier this month construction at the Didipio Project remains on schedule as the project moves into the final stages of development.
OceanaGold reported a net loss of $3 million in the first half of the 2012 financial year.
