OceanaGold Didipio Mine update

MELBOURNE, Australia, Feb. 25, 2013 /CNW/ - OceanaGold Corporation (ASX: OGC, 
TSX: OGC, NZX: OGC) (the "Company") wishes to provide an update on its Didipio 
Mine located in Luzon, Philippines which is currently undergoing commissioning 
Ramp up of the process plant continues to track well. To date, approximately 
2,500 tonnes of copper-gold concentrate has been delivered to port and in 
excess of an additional 2,500 tonnes has been produced and is awaiting 
transport from the minesite. 
The Company wishes to advise that it is currently in discussions with various 
government departments over interpretations of tax exemptions pertaining to 
OceanaGold's Financial and Technical Assistance Agreement (FTAA). Didipio is 
the first project to be built and commence operations in the Philippines under 
the FTAA structure. Due to these clarifications on tax exemptions being 
sought, some of the trucks used for transporting concentrate are being held by 
local government agencies and thus transportation of copper-gold concentrate 
has been temporarily suspended. While these discussions take place, mining and 
processing operations continue. 
About OceanaGold 
OceanaGold Corporation is a significant Asia Pacific gold producer with 
projects located on the South Island of New Zealand and in the Philippines. 
The Company's assets encompass New Zealand's largest gold mining operation at 
the Macraes goldfield in Otago which is made up of the Macraes Open Pit and 
the Frasers Underground mines. Additionally on the west coast of the South 
Island, the Company operates the Reefton Open Pit mine. The Company's Didipio 
Mine in northern Luzon, Philippines is in commissioning and is expected to 
produce 100,000 ounces of gold and 14,000 tonnes of copper per year on average 
over an estimated 16 year mine life. OceanaGold expects to produce 285,000 to 
325,000 ounces of gold in FY2013 from the New Zealand and Philippine 
operations combined. 
OceanaGold is listed on the Toronto, Australian and New Zealand stock 
exchanges under the symbol OGC. 
Cautionary Statement 
Statements in this release may be forward-looking statements or 
forward-looking information within the meaning of applicable securities laws. 
Any statements that express or involve discussions with respect to 
predictions, expectations, beliefs, plans, projections, objectives, 
assumptions or future events or performance (often, but not always, using 
words or phrases such as "expects" or "does not expect", "is expected", 
"anticipates" or "does not anticipate", "plans", "estimates" or "intends", or 
stating that certain actions, events or results "may", "could", "would", 
"might" or "will" be taken, occur or be achieved) are not statements of 
historical fact and may be forward-looking statements. Forward-looking 
statements such as production forecasts are subject to a variety of risks and 
uncertainties which could cause actual events or results to differ materially 
from those reflected in the forward-looking statements. They include, among 
others, the accuracy of mineral reserve and resource estimates and related 
assumptions, inherent operating risks and those risk factors identified in the 
Company's most recent Annual Information Form prepared and filed with 
securities regulators which is available on SEDAR at www.sedar.com under the 
Company's name. There are no assurances the Company can fulfil such 
forward-looking statements and, subject to applicable securities laws, the 
Company undertakes no obligation to update such statements. Such 
forward-looking statements are only predictions based on current information 
available to management as of the date that such predictions are made; actual 
events or results may differ materially as a result of risks facing the 
Company, some of which are beyond the Company's control. Accordingly, 
readers should not place undue reliance on forward-looking statements. The 
information contained in this release is not investment or financial product 
OceanaGold Corporation 
Investor Relations - Melbourne Nova Young or Darren Klinck Tel: +61(3) 9656 
Investor Relations - Toronto Sam Pazuki Tel: +1 647 237 1910 
SOURCE: OceanaGold Corporation 
To view this news release in HTML formatting, please use the following URL: 
CO: OceanaGold Corporation
-0- Feb/25/2013 00:30 GMT
Press spacebar to pause and continue. Press esc to stop.