Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. OceanaGold Corporation
  6. News
  7. Summary
    OGC   CA6752221037


Delayed Quote. Delayed Toronto Stock Exchange - 10/21 05:00:00 pm
2.26 CAD   -1.31%
10/18OCEANAGOLD : New Macraes GM eyes another 1.1m ozs
10/18OCEANAGOLD : New life for one of New Zealand's oldest gold mines
10/17OCEANAGOLD : New life for one of New Zealand's oldest gold mines
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

OceanaGold : Devaluation of fiat currencies could still accelerate

09/10/2021 | 10:38am EDT

(Herisau) Many well-known investor Mark Mobius sees major threats to the value of currencies.

Mark Mobius, a U.S. portfolio manager and manager at Franklin Templeton Investments, also known as the "old master of Asian equities," expects currency depreciation to be not insignificant. Unprecedented stimulus measures are the cause, he says. Therefore, he advises investors to always keep a certain percentage in the form of gold in their investment portfolio. He considers the currency devaluation coming next year to be extremely significant, given the incredible amount of money that has been printed. It's "very, very good to have physical gold that you can access immediately without the government seizing all the gold," Mobius says. He recommends 10 percent.

A recent study by the World Gold Council also shows that Mobius' recommendations are well-founded. A gold allocation of ten percent has helped to improve returns over the past 20 years. A portfolio with ten per cent physical gold, viewed between June 2001 and June 2021, had higher returns and lower volatility than a portfolio with only five per cent gold - or even no investments in commodities or gold. That's what the World Gold Council found.

Mobius also points to the deterioration of purchasing power due to overheated inflation, not only in the US but also on the other side of the Atlantic. Gold investments help here, not only in physical gold, but also in gold shares. An investment in OceanaGold or Kore Mining, for example, would be possible.

Kore Mining - https://www.youtube.com/watch?v=aiJqVgb0KWw - owns the Long Valley and Imperial projects in California. Exploration and development of the two gold projects are in full swing. A well-known strategic investor is Eric Sprott.

OceanaGold - https://www.youtube.com/watch?v=KiVnrL52S-M - has a portfolio of established properties, such as the Didipio mine in the Philippines, the Macraes and Waihi projects in New Zealand and the Haile gold mine in the USA. It is expected to produce 340,000 to 380,000 ounces of gold annually over the next few years.

Current corporate information and press releases from OceanaGold (-https://www.resource-capital.ch/en/companies/oceanagold-corp/ -) and Kore Mining (- https://www.resource-capital.ch/en/companies/kore-mining-ltd/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/


(C) 2021 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
KORE MINING LTD. 13.33% 0.51 Delayed Quote.-73.39%
OCEANAGOLD CORPORATION -1.31% 2.26 Delayed Quote.-6.91%
10/18OCEANAGOLD : New Macraes GM eyes another 1.1m ozs
10/18OCEANAGOLD : New life for one of New Zealand's oldest gold mines
10/17OCEANAGOLD : New life for one of New Zealand's oldest gold mines
10/14EMPLOYEE TESTIMONIAL : Danielle Crawford, Social Performance Advisor, Brisbane, Australia
10/14EMPLOYEE TESTIMONIAL : Josue Nduwa, Metallurgist
10/14EMPLOYEE TESTIMONIAL : Beverly Adams, Community Relations Coordinator
10/14EMPLOYEE TESTIMONIAL : Darwynn Tucpi, Asset Maintenance Supervisor
10/12EMPLOYEE TESTIMONIAL : Charlotte Boyt, Environmental Advisor
10/06KARORA RESOURCES : India craves gold
10/05OCEANAGOLD : Provides notice of third quarter 2021 results release date and conference cal..
More news
Financials (USD)
Sales 2021 698 M - -
Net income 2021 - - -
Net Debt 2021 180 M - -
P/E ratio 2021 30,4x
Yield 2021 0,09%
Capitalization 1 286 M 1 289 M -
EV / Sales 2021 2,10x
EV / Sales 2022 1,50x
Nbr of Employees 2 158
Free-Float 99,8%
Duration : Period :
OceanaGold Corporation Technical Analysis Chart | OGC | CA6752221037 | MarketScreener
Technical analysis trends OCEANAGOLD CORPORATION
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 1,83 $
Average target price 2,68 $
Spread / Average Target 47,0%
EPS Revisions
Managers and Directors
Scott Sullivan President, Chief Executive & Operating Officer
Scott McQueen Chief Financial Officer & Executive Vice President
Paul Benson Chairman
Craig J. Nelsen Independent Non-Executive Director
Catherine A. Gignac Independent Non-Executive Director
Sector and Competitors