Accelerated underground development to save OceanaGold A$215m

PERTH (miningweekly.com) – Dual-listed gold miner OceanaGold on Thursday estimated cost savings of about A$215-million between 2018 and 2020 from its Didipio project, in the Philippines, by bringing forward underground production. In September, ASX- and TSX-listed OceanaGold announced that the underground development of the Didipio project would be brought forward by one year, with the development of the underground portal and surface facilities now scheduled to start in the first quarter of 2015.