Seeking Alpha
 

Oceanagold Corp. (OCANF)

- OTCPK - Current
  • Aug. 13, 2014, 12:28 PM
    • Austerity moves clearly have helped gold miners navigate through the lower price environment, but Citigroup analysts warn that further belt-tightening will be difficult, and may even hurt long-term prospects.
    • Citi cautions that the slowdown in capex invariably will result in a fall in production, which in turn will lead to a faster rise in unit costs; also, the recent increase in head grades across the global mining space is an unsustainable mining practice that can have further detrimental effects on future mine plans and ore bodies.
    • Among miners Citi sees as most vulnerable to a low gold price environment are Sibanye Gold (NYSE:SBGL), Harmony Gold (NYSE:HMY) and DRDGOLD (NYSE:DRD), which the least vulnerable are Goldcorp (NYSE:GG), Barrick Gold (NYSE:ABX), Yamana (NYSE:AUY), Medusa Mining (OTC:MDSMF) and OceanaGold (OTCPK:OCANF).
    • ETFs: GDX, NUGT, DUST, GLDX, RING, GGGG, PSAU
    | 8 Comments
Visit Seeking Alpha's
OCANF vs. ETF Alternatives
Company Description
Currently, there's no company description for OCANF.
Industry: Gold
Country: Australia