Latest fromOceana Gold Limited

OceanaGold Corp, the gold and copper miner, said its annual profit halved due to low commodity prices and extra costs from its purchase of Waihi Gold Mine.

Oceana Gold is predicted to boost gold production 30 per cent to 40 per cent by 2017.

Gold prices have plunged to a five year low, but a local expert says Kiwi investors will hold out until prices lift again.

The owner of the Sams Creek Gold Project, which sits atop what could be New Zealand's biggest undeveloped gold deposit, has slashed the value of the resource.

OceanaGold Corp, which operates the Macraes gold mine in Otago, reported a 58 per cent drop in first-quarter profit with sales down from a year earlier.

Check out a snapshot of some of the stellar performers on the New Zealand sharemarket this year, as it surged ahead breaking new records.

An overwhelming number of experienced Stockton mineworkers have volunteered for redundancy because they're fed up, says a worker.

A massive slip at the open pit of the Macraes Gold Mine in Otago cut off access to underground workers, mining company Oceana Gold says.

NZ shares were mixed yesterday as investors cast forward to next month's earnings season, and as regional markets mulled this week's Federal Reserve meeting.

Shares of Melbourne based mining group OceanaGold has risen 9.7 per cent in early NZX trading after announcing its gold production exceeded expectations in 2013.

OceanaGold plans to scale back its operations and is expected to axe more than 100 jobs at the Macraes goldfield in Otago in response to a falling gold price.

After a troubled start to its calendar financial year, Oceana Gold is reaping benefits from cost savings and predicting a "strong finish" to the year.