OceanaGold has a solid mineral endowment from its portfolio of high-quality assets. Over the past several years, the Company has successfully increased reserves at Didipio and Frasers at similar or better production rates.
In 2016, the Company embarked on its largest exploration program in its history with extensive drilling programs in New Zealand at both Waihi Gold Mine and at Macraes, both at surface and underground. Exploration activity was also undertaken in the Philippines at Paco and in the Didipio area as well as in the United States at the Haile Gold Mine.
The Company places a strong focus on satellite projects located within the current tenements and permits and will pursue selective resource development opportunities that are complementary and add low-cost gold reserves to the business.