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High gold prices nearly double OceanaGold PH profit
MANILA, Philippines — Higher metal prices nearly doubled OceanaGold Philippines Inc.’s (OGP) net profit in the nine months ending September, despite lower sales and production. The local unit of Australian-Canadian mining company OceanaGold Corp. reported a net income of $95.6 million from January to September, a 95-percent surge from the same period a year ago. READ: OceanaGold’s Jan-Jun bottom line ballooned by 206% Revenue rose 37 percent to $434.4 million, as higher gold and copper prices offset lower sales, making this the main driver of revenue growth. Gold prices averaged $4,535 per ounce, up 40 percent, while average copper prices climbed 45 percent […]...Keep on reading: High gold prices nearly double OceanaGold PH profit
MANILA, Philippines — Higher metal prices nearly doubled OceanaGold Philippines Inc.’s (OGP) net profit in the nine months ending September, despite lower sales and production. The local unit of Australian-Canadian mining company OceanaGold Corp. reported a net income of $95.6 million from January to September, a 95-percent surge from the same period a year ago. READ: OceanaGold’s Jan-Jun bottom line ballooned by 206% Revenue rose 37 percent to $434.4 million, as higher gold and copper prices offset lower sales, making this the main driver of revenue growth. Gold prices averaged $4,535 per ounce, up 40 percent, while average copper prices climbed 45 percent […]...
Keep on reading: High gold prices nearly double OceanaGold PH profit
Keep on reading: High gold prices nearly double OceanaGold PH profit
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