Higher costs hit home for OceanaGold

Dual-listed gold miner OceanaGold has reported a mixed bag for the year ending December, with higher gold sales resulting in higher revenues, while higher costs negatively impacted net profits after tax.

The ASX- and TSX-listed company this week reported revenues of $772.5-million, up 6.6% on the $724.4-million reported in 2017, with 532 700 oz of gold sold during the full year, compared with the 555 600 oz sold in the previous year.