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.