On April 26th in this post IKN warned that OceanaGold‘s (OGC.to) Haile project was in technical difficulties, according to word on the ground. Today’s NR from the company (“PEA on potential underground! O RLY!”) confirms that, because when a story suddenly changes like this, you can slap all the Rimmel on your porcine that you want, the optics are negative, as is the change in timeline for the open pit start-up.
What with the slapping OGC is about to get from ICSID/CIADI on the El Salvador case, it’s looking like a challenging month for the company.