OceanaGold says gold production rose in the fourth quarter

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. 

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