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OceanaGold files Macraes Phase 4 permit bid to extend mine life into late 2030s

PUBT·09/09/2026 11:01:35
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OceanaGold files Macraes Phase 4 permit bid to extend mine life into late 2030s
  • OceanaGold lodged a fast-track permit application for the Macraes Phase 4 project to extend mine life into the late 2030s.
  • MP4 targets an extension from the current reserve life of 2032, covering additional open-pit cutbacks and Golden Point Underground extensions.
  • Full permitting is expected by mid-2027, subject to appeals, ancillary permits, technical reviews, financing, market conditions, operations.
  • Exploration spending is set at US$13 million in 2026, supporting 60,000 meters of drilling to convert and expand resources.
  • Drilling results at Innes Mills, Golden Point Underground, Coronation, Nunns supported potential resource growth, with an updated Nunns estimate due end-2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OceanaGold Corporation published the original content used to generate this news brief via CNW (Ref. ID: 202609090700CANADANWCANADAPR_C5271) on September 09, 2026, and is solely responsible for the information contained therein.