22 Jan 2012

Gold production up

5:40 am on 22 January 2012

OceanaGold says gold production rose in the fourth quarter.

The company says output rose 11% to 66,000 ounces in the three months to December, compared with the previous quarter.

Revenue totalled $US107 million in the period, calculated at an average gold price of $US1705 per ounce.

Total production was about 252,500 ounces for the 2011 calendar year, below OceanaGold's expectations.

OceanaGold runs Macraes and Reefton goldfields.