OceanaGold suspends Philippines mine, revises guidance

Processing operations at the Didipio copper and gold mine, in the Philippines, have been suspended, owing to a dispute between OceanaGold and local government units, resulting in the dual-listed company revising its full-year guidance.

Announcing the suspension on Tuesday, CEO Mick Wilkes said that it was a “very disappointing” outcome for the company, which has now depleted the consumables necessary for sustained operations.