March 26 (Reuters) - OceanaGold Corp (OGC) :
- AT WAIHI OPERATION, TEMPORARILY SUSPENDED DEVELOPMENT OF MARTHA UNDERGROUND & REGIONAL EXPLORATION ACTIVITIES
- OVER NEXT FOUR WEEKS, EXPECTS TO INCUR COST OF ABOUT $1.8 MILLION TO MAINTAIN NEW STATUS AT WAIHI
- DOES NOT EXPECT CURRENT WAIHI SUSPENSION TO IMPACT TIMING OF PLANNED FIRST PRODUCTION FROM MARTHA UNDERGROUND IN Q2 2021
- HAILE GOLD MINE CONTINUES TO OPERATE AT FULL CAPACITY WITH ONLY ESSENTIAL EMPLOYEES AND CONTRACTORS PERMITTED ON SITE
- NOTES IT MAY BE REQUIRED TO WITHDRAW FY GUIDANCE SHOULD THERE BE CHANGE TO CURRENT STATUS OF MACRAES AND HAILE OPERATIONS
- COMPANY'S OPERATIONAL CAMP HAS IMPLEMENTED A TEMPORARY LOCKDOWN OF STAFF AT DIDIPIO MINE
- AT THIS POINT, MAINTAINS ITS FY 2020 PRODUCTION GUIDANCE
- HAS NOT EXPERIENCED ANY MATERIAL DELAYS WITH ORDERS FOR SUPPLIES AT ANY OPERATION DUE TO COVID-19
- TO DATE, COMPANY HAS NOT HAD ANY CONFIRMED CASES OF COVID-19 AMONG ANY OF ITS EMPLOYEES OR CONTRACTORS
