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OceanaGold nets Martha open pit mining approval

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OceanaGold nets Martha open pit mining approval

OceanaGold Corp. received preliminary approval to resume mining operations at stage four of the Martha open pit in New Zealand and got all resource consents for the Martha underground mine.

The approval will allow the company to continue mining at the Waihi gold-silver project for at least the next 10 years, subject to the outcome of a statutory appeal period until Feb. 1, 2019.

An independent panel of commissioners appointed by the Hauraki district council and the Waikato regional council granted the approvals, the company said Dec. 17.

OceanaGold updated the mineral resource estimate for the Martha mine in August to total indicated and inferred resources of 479,000 ounces of gold and 1.9 million ounces of silver.