Inquirer
MANILA, Philippines — OceanaGold Philippines Inc. (OGP) reported a 369.9-percent surge in first quarter profit as higher metal prices made up for production dip. In a disclosure on Thursday, the local subsidiary of Australian-Canadian mining company OceanaGold Corp. said its net income had soared to $34.7 million in the three months ending March from $7.4 million in the same period a year ago. Revenues nearly doubled to $158.4 million, driven by higher realized gold and copper prices along with the minimal increase in sales volume. Gold prices averaged $5,049 per ounce, a 76.7-percent increase. Average copper prices surged by 42.9 percent […]... Keep on reading: OceanaGold Q1 profit soars 370% on record gold prices
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