Despite a quarter-on-quarter decline in gold production, owing to a lower head grade, in the three months to June 30, New Zealand-based gold explorer OceanaGold’s profit rose to $63-million, or 10c a share, in the first six months of the year. As at the end of the second quarter, the company had spent $246-million of the $380-million estimated capital cost while the capital spent and committed as at the end of the quarter was $330-million.
