OceanaGold Files Fast-Track Bid to Extend Macraes Mine Into Late 2030s
Vancouver – September 13, 2026 -- OceanaGold Corporation (TSX: OGC, NYSE: OGC) has lodged an application under New Zealand's Fast-track Approvals Act 2024 to extend the operating life of its Macraes gold mine from the current 2032 reserve horizon into the late 2030s.
OceanaGold targets late-2030s mine life through Phase 4 permitting
The Macraes Phase 4 Project (MP4) application, filed September 9, 2026, covers permitting for the existing reserve mine plan, development of the Southern Pit Innes Mills (SPIM) extension, extensions to the Golden Point Underground (GPUG), and flexibility to add further Mineral Resources to future production. Under New Zealand's 'one-stop shop' fast-track process, OceanaGold expects full permitting by mid-2027, subject to appeals. The company previously used the same mechanism to secure approval for its Waihi North Project in 2025.