OceanaGold Bids to Extend Life of Macraes Mine Under Fast-Track

OceanaGold bids to extend life of Macraes mine under fast-track

A mining company is targeting a million ounces of gold as it seeks to fast-track plans to extend the life of its Otago gold mine for the next decade.

Gold rush in Otago as Macraes eyes major expansion

OceanaGold has formally lodged its fast-track application for a major expansion of the Macares gold mine in Otago, targeting one million ounces of gold, worth about $7.5 billion at current prices. The project could extend the mine’s life into the late 2030s. OceanaGold said existing resources and higher prices made further exploration attractive. It will […]