OceanaGold sinks to Q1 loss, maintains production guidance

TSX- and ASX-listed OceanaGold posted a net loss of $26-million in the first quarter of the year, and an adjusted net loss of $10.7-million. This equated to an adjusted loss per share of $0.02 apiece.

The first-quarter loss compares with net profit of $8.7-million in the fourth quarter of 2019 and net profit of $12.4-million in the prior-year quarter.