- OceanaGold (OTCPK:OCANF) has lost a claim seeking $284M in compensation from El Salvador for failing to issue permits for its El Dorado gold mining project in the country.
- The World Bank's International Center for Settlement of Investment Disputes ruled in favor of El Salvador, and the government was awarded $8M to cover legal costs for the claim.
- OceanaGold says it will evaluate the next steps for its El Salvador unit and the mine, which the company estimates holds 1.5M oz. of gold and 11.4M oz. of silver resources.