In a recent announcement, OceanaGold Corporation, listed on the Toronto Stock Exchange, has acknowledged the inclusion of two of its mining projects in New Zealand in a legislative list for the Fast-track Approvals Bill. These projects are the Waihi North Project, which involves the proposed underground Wharekirauponga (WKP) mine, and the Macraes Phase 4 Project, which is a mine extension.
The New Zealand Government has recently published a list of 149 projects designated to benefit from the Fast-track Approvals Act. This legislation aims to expedite approvals for projects deemed significant to regional and national infrastructure and development. OceanaGold’s President and CEO, Gerard Bond, commented on the announcement, expressing support for a transparent and prompt regulatory process in New Zealand. He emphasized that advancing these projects would protect existing jobs, create new employment opportunities, and deliver economic benefits to local communities while maintaining environmental, cultural, and social safeguards.
The Fast-track Approvals Bill is anticipated to become law later this year, enabling projects on the list to directly seek approval from a Government-appointed expert panel.
OceanaGold is a medium-sized gold production company operating four mines globally, with projects in the United States, the Philippines, and New Zealand. The company focuses on generating free cash flow safely and responsibly, ensuring robust returns for its shareholders.
The release also includes a cautionary note on forward-looking statements, advising readers of potential risks and uncertainties. These statements relate to future forecasts and company objectives and may differ from actual outcomes due to various factors. OceanaGold advises caution in relying on these predictions and states any updates will be made only as required by law.
