AUSTRALIA’S OCEANAGOLD Corp. said on Tuesday it has suspended production at its Didipio gold and copper mine in northern Philippines due to a dispute with local government. OceanaGold revised down its full-year output guidance to 460,000-480,000 ounces of gold and 10,000-11,000 tonnes of copper, assuming no further production or sales for the remainder of the year at Didipio. It operates three other mines — Haile in the United States, and Macraes and Waihi in New Zealand. The company previously set output guidance of 500,000-550,000 ounces of gold and 14,000-15,000 tonnes of copper for this year for all four mines. — Reuters

RELATED ARTICLESMORE FROM AUTHOR