OceanaGold Reports Mineral Reserves and Resources for the Year Ended 2023
Mineral Reserves are defined by mine designs based upon metal prices of US$1,500/oz gold, US$3.00/lb copper and US$17/oz silver.
- Mineral Reserves are defined by mine designs based upon metal prices of US$1,500/oz gold, US$3.00/lb copper and US$17/oz silver.
- Mineral Reserves increased year-over-year at Haile, due to increases in the Haile underground, where additions were made at Horseshoe and the first Mineral Reserve estimate for Palomino was declared.
- The Macraes Future Options work was completed in 2023, as outlined in the 2022 Mineral Reserves and Resources statement.
- The Measured and Indicated Mineral Resource estimates (inclusive of Mineral Reserves) as at December 31, 2023 are presented in Table 2 below.