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OceanaGold Closes Sale of Interest in Blackwater Project for $30 Million in Cash
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OceanaGold Closes Sale of Interest in Blackwater Project for $30 Million in Cash
Jun 24, 2024 5:21 AM

07:55 AM EDT, 06/24/2024 (MT Newswires) -- OceanaGold ( OCANF ) on Monday closed the sale of the company's interest in the Blackwater project in New Zealand for $30 million in cash.

The company expects to record an after-tax accounting gain of about $10 million in the second quarter.

The company closed the deal after receiving all required regulatory approvals and satisfaction of all closing conditions.

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