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EC Asserts Re-collation Process Will Proceed Despite NDC Agent Absence
Investigators probing South Korea's Yoon Suk Yeol over his short-lived declaration of martial law said Monday they sought an arrest warrant for the suspended president after he failed to report for questioning. Yoon briefly suspended civilian rule this month, plunging South Korea into its worst political crisis in decades. He was stripped of his presidential duties by parliament over the action, but a constitutional court ruling is pending on whether to confirm the impeachment. The conservative leader also faces criminal charges of insurrection, which could result in life imprisonment or even the death penalty. A former prosecutor himself, Yoon had been summoned three times by investigators for questioning, but refused to present himself each time -- including by yesterday's deadline. "The Joint Investigation Headquarters filed an arrest warrant for President Yoon Suk Yeol with the Seoul Western District Court", said the probe team in a statement. The application by investigators marks the first attempt in the country's history to forcibly detain a president before the impeachment procedure is complete. Yoon is being investigated by prosecutors as well as a joint team comprising police, defence ministry, and anti-corruption officials. A 10-page prosecutors' report seen by AFP stated that Yoon authorised the military to fire weapons if needed to enter parliament during his failed martial law bid. Yoon's lawyer Yoon Kab-keun had dismissed the prosecutors' report, telling AFP it was "a one-sided account that neither corresponds to objective circumstances nor common sense". Yoon declared martial law in an unannounced televised address on December 3, saying it was aimed at eliminating "anti-state elements". Lawmakers rushed to parliament within minutes of the declaration to vote it down. At the same time, heavily armed troops stormed the building, scaling fences, smashing windows and landing by helicopter. According to the prosecution indictment report, Yoon told the chief of the capital defence command, Lee Jin-woo, that military forces could shoot if necessary to enter the National Assembly. "Have you still not got in? What are you doing? Break down the door and drag them out, even if it means shooting," Yoon told Lee, according to the report. Yoon also allegedly told the head of the Defense Counterintelligence Command, General Kwak Jong-keun, to "quickly get inside" the National Assembly since the quorum for lifting the martial law declaration had not been met. "So quickly get inside the National Assembly and bring out the people inside the chamber, and break down the doors with an axe if necessary and drag everyone out," the report quotes Yoon as saying at the time. The report also said there was evidence that Yoon had been discussing declaring martial law with senior military officials as early as March. As investigations began against Yoon, attempts by prosecutors to search his offices were blocked by the presidential security team. South Korea's political turmoil deepened late last week when Yoon's replacement, Han Duck-soo, was also impeached by parliament for failing to sign through bills for investigations into Yoon. Finance Minister Choi Sang-mok has taken over as the new acting president, and found himself thrust immediately into a disaster with the Jeju Air plane crash that claimed 179 lives.
This Futurist Predicts a Coming ‘Living Intelligence’ and AI Supercycle(All financial figures in United States dollars unless otherwise stated) VANCOUVER, BC , Dec. 11, 2024 /PRNewswire/ - OceanaGold Corporation OGC OCANF ("OceanaGold" or the "Company") is pleased to announce the Waihi District Pre-feasibility Study ("PFS") results, which includes the existing Waihi operation and the proposed Wharekirauponga underground mine in New Zealand . Waihi District PFS Highlights Initial Mineral Reserve for Wharekirauponga Underground of 4.1 Mt at 9.2 g/t for 1.2 Moz of gold After-tax NPV 5% of $621 million at a gold price of $2,400 per ounce, or $138 million at $1,750 per ounce IRR of 24% at a gold price of $2,400 per ounce, or 9.2% at $1,750 per ounce Gold production of 1.6 Moz over a 15-year mine life at an average All-in Sustaining Cost of $994 per ounce (or $634 per ounce over the Wharekirauponga-only mine life) Significant project upside at Wharekirauponga with ~400 koz of Inferred Resources and recent results confirming the EG Vein Zone mineralization extends a further 270 metres to the south and remains open in all directions Growth capital of $556 million over an 8-year period, expected to be funded from Free Cash Flow First ore from Wharekirauponga Underground expected in 2032 Early-works 2025 capital budget of $40 to $45 million approved for design and construction activities, subject to receipt of necessary permits. Gerard Bond , President & CEO of OceanaGold, said "This PFS is a major milestone for OceanaGold and the Waihi operation. We plan to safely and responsibly develop the Wharekirauponga Underground mine which extends the life of the Waihi operation to at least 2038, while generating strong returns for our shareholders and wider economic benefits for local communities and New Zealand . There remains significant exploration upside at Wharekirauponga, as seen in the exploration results we have released since the June 30, 2024 date of the PFS. The orebody remains open in all directions, with high-grade mineralization now defined to 270 metres beyond existing resources. Drilling is scheduled to continue on the EG Vein Zone in 2025 with the goal of expanding the orebody, extending the life of the Waihi operation and improving the economic returns to all stakeholders." The technical report is prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") with an effective date of June 30, 2024 . The technical report is available under the Company's profile on SEDAR+ at www.sedarplus.com and on our website at www.oceanagold.com . Senior management will host a webcast to discuss the results on Thursday, December 12, 2024 at 10:00 am Eastern Time , details of which are provided in this release. See: https://app.webinar.net/DdjR72Pnakx Overview The town of Waihi on the North Island of New Zealand is located approximately 140 kilometres southeast of Auckland and is the location of a significant gold district which has produced an estimated 8 million ounces of gold to date. The PFS for the Waihi District includes the Martha Underground mine ("MUG") and the Wharekirauponga Underground mine ("WUG"). WUG is located approximately 10 kilometres north of Waihi (Figure 1). The Company owns a property (Willows), adjacent to and outside of the Coromandel Forest Park, that will host the main access portal to, and service the development of WUG. For a visual overview of the site and proposed project infrastructure, please see the accompanying VRIFY media at https://vrify.com/meetings/recordings/7bed3b3f-699c-42e0-b243-f219d70af6fa . The PFS is based on Mineral Reserves only and operating metrics reflect the inclusion of both MUG and WUG as they contribute to production. Existing operations at MUG, which have been in active production since 2019, are expected to continue until 2033. Production from WUG is expected to begin in 2032, with first stope ore in 2033 and mining to continue until 2038. Mineral Reserves Mineral Reserves in the Waihi District comprise underground reserves only. The Mineral Reserves estimate as of June 30, 2024 is presented in Table 1. Table 1: MUG and WUG combined Mineral Reserves estimate as of June 30, 2024 Mineral Reserve Area Class Tonnes (Mt) Au (g/t) Ag (g/t) Au (Moz) Ag (Moz) MUG Proven - - - - - Probable 4.4 3.8 16.1 0.5 2.3 Total MUG 4.4 3.8 16.1 0.5 2.3 WUG Proven - - - - - Probable 4.1 9.2 16.1 1.2 2.1 Total WUG 4.1 9.2 16.1 1.2 2.1 Total Mineral Reserves 8.5 6.4 16.1 1.7 4.4 Notes: The WUG Mineral Reserves estimate was reviewed and approved by, or is based on information prepared by or under the supervision of, Euan Leslie , MAusIMM CP, the Company's Group Mining Engineer and a qualified person under NI 43-101. The MUG Mineral Reserves estimate was reviewed and approved by, or is based on information prepared by or under the supervision of, David Townsend , MAusIMM CP, the Company's Mining Manager and a qualified person under NI 43-101. Mineral Reserves are reported based on OceanaGold's mine design, mine plan, mine schedule and cash flow model at a gold price of $1,750 /oz. Tonnages include allowances for losses resulting from mining methods. Tonnages are rounded to the nearest 100,000 tonnes. Ounces are estimates of metal contained in the Mineral Reserves and do not include allowances for processing losses. Ounces are rounded to the nearest hundred thousand ounces. All figures have been rounded; totals may therefore not sum exactly. Tonnage and grade measurements are in metric units. Gold ounces are reported as troy ounces and "g/t" represents grams per tonne. All key assumptions, parameters and methods used to estimate Mineral Reserves and the data verification procedures followed are set out in the technical report titled " NI 43-101 Technical Report – Waihi District Pre-feasibility Study, New Zealand " dated December 11, 2024 with an effective date of June 30, 2024 (the "Technical Report"), which is available under the Company's profile on SEDAR+ at www.sedarplus.com and on the Company's website at www.oceanagold.com . Mineral Resources The Mineral Resources estimate at the Waihi District comprise both open pit and underground resources. The Mineral Resource estimate as of June 30, 2024 for Waihi is presented in Table 2. Table 2: Summary of Mineral Resources estimate as of June 30, 2024 Area Indicated Inferred Tonnes Grade Grade Au Ag Tonnes Grade Grade Au Ag (Mt) (g/t Au) (g/t Ag) (Moz) (Moz) (Mt) (g/t Au) (g/t Ag) (Moz) (Moz) MOP 6.50 1.95 13.44 0.41 2.81 2.3 2.1 12.1 0.2 0.9 GOP 3.22 1.44 3.76 0.15 0.39 0.8 1.0 2.6 0.03 0.1 MUG 6.42 5.29 25.51 1.09 5.27 2.7 4.7 27.1 0.4 2.4 WUG 2.39 17.88 28.02 1.37 2.15 1.3 9.6 17.1 0.4 0.7 Total Mineral Resources 18.53 5.07 17.82 3.02 10.6 7.1 4.3 17.6 1.0 4.0 Notes: Mineral Resources are reported inclusive of Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Mineral Resources estimates were prepared by or under the supervision of, Leroy Crawford-Flett , MAusIMM CP, the Company's Exploration and Geology Manager and a qualified person under NI 43-101. Mineral Resources are reported at a gold price of $1,950 /oz. Mineral Resources estimate for MUG is reported below the MOP5 design and constrained to within a conceptual underground design based upon the incremental cut-off grade of 2.15 g/t Au. Mineral Resources estimate for WUG is reported within a conceptual underground design at a 2.10 g/t Au cut-off grade. Mineral Resources estimates for Martha Open Pit ("MOP") and Gladstone Open Pit ("GOP") are reported within conceptual pit designs and incremental cut-off grades of 0.50 g/t Au and 0.56g/t Au, respectively. The MOP conceptual pit design is limited by infrastructural considerations. Tonnage and grade measurements are in metric units. Gold ounces are reported as troy ounces and "g/t" represents grams per tonne. No dilution is included in the reported figures and no allowances for processing or mining recoveries have been made. All figures have been rounded; totals may therefore not sum exactly. All key assumptions, parameters and methods used to estimate Mineral Resources and the data verification procedures followed are set out in the Technical Report, which is available under the Company's profile on SEDAR+ at www.sedarplus.com and on the Company's website at www.oceanagold.com . Mineral Resource close out dates for data used in the estimation are as follows: MUG – June 11, 2024 ; MOP – February 1, 2024 ; WUG – April 24, 2024 ; GOP – September 1, 2022 . PFS Operating Summary The Waihi District PFS covers the current operating Martha underground mine ("MUG") and the new Wharekirauponga underground mine ("WUG"). MUG and WUG are expected to produce a combined 1.6 million ounces of payable gold over a 15 year mine life (2024-2038) with peak production of 253 koz of gold in 2035 and a life-of-mine average All-In Sustaining Cost ("AISC") of $994 per ounce (Figure 2). MUG is expected to be the primary ore source until 2033, when mining transitions to WUG. A mill expansion to 0.8 Mtpa is also included in the PFS, which begins to process at the increased throughput levels in 2033. WUG begins commercial production in 2033 with an average AISC of $634 per ounce, demonstrating the strong margins of this high-grade orebody. Project Economics At a Reserve gold price assumption of $1,750 per ounce, the Waihi District generates pre-tax and after-tax NPV 5% values of $259 million and $138 million respectively, and an IRR of 9.2%. Using a flat $2,400 per ounce gold price over the life of the operation, the project is estimated to produce pre-tax and after-tax NPV 5% values of $902 million and $621 million respectively, and an IRR of 24.0%. Table 3: PFS economic results Description Units Reserve Case $2,400 Case Gold Price $ per ounce 1,750 2,400 Payable Gold 000 ounces 1,593 1,593 Life of Mine Free Cash Flow – Pre-Tax $M 648 1,629 Life of Mine Free Cash Flow – After-Tax $M 431 1,147 NPV @ 5% - Pre-Tax $M 259 902 NPV @ 5% - After-Tax $M 138 621 IRR % 9.2 % 24.0 % Capital and Operating Costs The total non-sustaining capital investment for the Waihi District is estimated to be $556 million , spread over eight years (Table 4) beginning in 2025. Growth capital expenditures include WUG mine development, surface infrastructure, expansion of the process plant and water treatment plant and construction of a new tailings storage facility ("TSF"). WUG is accessed via 6.5 kms of underground development from surface, with two ventilation shafts to be located in the Coromandel Forest Park. Table 4: Total capital cost summary ($M) Description Non-Sustaining Capex Sustaining Capex Total WUG 357.9 62.9 420.9 MUG - 102.1 102.1 Processing and Water Treatment 92.8 8.4 101.2 TSFs 44.4 80.5 124.9 Other Capital 60.6 16.0 76.7 Rehabilitation - 71.6 71.6 Total 555.8 341.6 897.4 Total life of mine operating costs are summarized in Table 5. Table 5: Operating cost summary ($M & $/t) Description $M $/t Ore Mined UG Mining – MUG 488.8 110.8 UG Mining – WUG 264.4 65.2 Life of Mine 753.2 89.0 $M $/t Ore Processed Processing 222.7 26.3 G&A Costs 191.0 22.6 Refining / Freight Costs 5.6 0.7 Other - Carbon Costs and stockpile movements 28.2 3.3 Total Operating Costs 1,200.8 141.8 Permitting The New Zealand government Fast-track Approvals Bill (the "Bill") was formally introduced into the New Zealand Parliament on March 7 , 2024. It has completed the process of parliamentary sub-committee review and is expected to be enacted by the New Zealand Parliament imminently and become effective in the first quarter of 2025. In October 2024 , the New Zealand Government named the Waihi North Project ("WNP"), including WUG, as a listed project that will be eligible to apply for approvals through processes under the Bill once the Bill becomes law. Key permitting and schedule assumptions included in the PFS are: The Bill will be passed and the fast-track process will be open for applications before the end of March 2025 ; The WNP Fast-track application including the supporting Assessment of Environmental Effects (AEE) will be lodged in March 2025 ; and Fast-track approvals to commence construction will be granted to OceanaGold by the end of November 2025 . Early-works construction, including infrastructure at Willows (the main underground portal site), the water treatment plant and services trench, is expected to begin in the second half of 2025 and enables the decline and underground development to commence in late 2026. Development of WUG and the Waihi North Project generally has the potential to create significant socio-economic contributions for the communities in the Waihi region and for New Zealand . This includes significant in-country investment and a substantial increase in direct and indirect employment opportunities, with the project having the potential to extend operation of the Waihi operation to and beyond 2038. Company tax payments in New Zealand are estimated at $482 million (NZ$790 million) at a $2,400 /oz gold price. OceanaGold operates to the highest environmental and social standards which has enabled it to run a successful and responsible mining business in New Zealand for over three decades. Next Steps Detailed engineering and design work is ongoing for the services trench, the water treatment plant upgrade, and bulk earthworks for Willows Facilities area (at the WUG underground portal site). The services trench will connect power, water and telecommunications from the existing process plant to the portal site. Geotechnical investigations will continue to enable detailed portal boxcut and waste rock stack design, and the first 1.5 km of decline to the first ventilation shaft. These activities are included in the $40 to $45 million approved capital budget for 2025. Future drilling programs at Wharekirauponga and Martha target both resource conversion and growth. A broad development and drilling strategy is planned with the objective to both grow and convert Wharekirauponga resources along the EG Vein and parallel hanging wall and footwall veins as well as further test the mineralized T-Stream and Western Veins immediately to the west. The current focus of drilling is the EG Vein and the hanging wall and footwall veins and the continuation and conversion of high-grade mineralization further to the southwest. Currently ~400,000 ounces of Inferred Mineral Resource at a grade of 9.6 g/t Au have also been defined (as of June 30, 2024 ) in the central and northern area of the EG Vein Zone available for conversion. Approximately 17,700 metres of drilling is planned and budgeted for Wharekirauponga and Martha in 2025. Webcast Details Senior management will host a webcast to discuss the results on Thursday December 12, 2024 at 10:00 am Eastern Time . To register, please copy and paste the link into your browser: https://app.webinar.net/DdjR72Pnakx If you are unable to attend the webcast, a recording will be made available on the Company's website. About OceanaGold OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in the United States of America ; Didipio Mine in the Philippines ; and the Macraes and Waihi operations in New Zealand . For further information please contact: Qualified Persons Except as otherwise set out herein, the scientific and technical information in this press release relating to the Waihi operation was reviewed and approved by, or is prepared by or under the supervision of Euan Leslie , MAusIMM CP, David Townsend , MAusIMM CP and Leroy Crawford-Flett , MAusIMM CP, each of whom is an employee of the Company and a qualified person under NI 43-101. The scientific and technical information in this press release relating to exploration matters was reviewed and approved by, or is prepared by or under the supervision of, Craig Feebrey, MAusIMM, the Company's Executive Vice President and Chief Exploration Officer and a qualified person under NI 43-101. Technical Report For further information, please refer to the Technical Report available on the SEDAR+ website at www.sedarplus.com under the Company's name and on the Company's website at www.oceanagold.com . Cautionary Statement for Public Release This press release contains certain "forward-looking statements" and "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities laws. Forward-looking statements relate to, among other things: expansion of the Waihi operation based on the results of the PFS; the PFS representing production growth; timing, amount and duration of future production and mill processing expansion; future AISC and Free Cash Flow; the price of gold; estimated capital and operating costs; ability to convert Inferred Mineral Resources to Indicated and extend forecasted mine life for the Waihi operation; expectations regarding forward drilling programs; the estimates of NPV and IRR from the Waihi operation; expectations regarding the ability to obtain the necessary permits and approvals for the PFS, the timing of early-works construction and decline and underground development, and the creation of significant socioeconomic contributions for the communities in the Waihi region and for New Zealand ; future growth; results of operations; and business prospects and opportunities of OceanaGold and its related subsidiaries. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those expressed in the forward-looking statements. They include, among others, the accuracy of Mineral Reserve and Mineral Resource estimates and related assumptions, inherent operating risks and those risk factors identified in the Company's most recent Annual Information Form prepared and filed with securities regulators which is available on SEDAR+ at www.sedarplus.com under the Company's name. There are no assurances the Company can fulfil forward-looking statements. Such forward-looking statements and information are only predictions based on current information available to management as of the date that such predictions are made; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Company's control. Although the Company believes that any forward-looking statements contained in this press release are based on reasonable assumptions, readers cannot be assured that actual outcomes or results will be consistent with such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise, except as required by applicable securities laws. Cautionary Note Regarding Non-IFRS Measures This press release includes certain terms or performance measures commonly used in the mining industry that are not defined under International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board, including AISC and Free Cash Flow. Non-IFRS measures do not have any standardized meaning prescribed under IFRS, and therefore they may not be comparable to similar measures employed by other companies. The data presented is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS and should be read in conjunction with OceanaGold's consolidated financial statements. Readers should refer to OceanaGold's Q3 2024 Management's Discussion & Analysis dated November 6, 2024 available on SEDAR+ at sedarplus.com under OceanaGold's name and OceanaGold's website at www.oceanagold.com under the heading "Non-IFRS Financial Measures" for a more detailed discussion of how OceanaGold calculates such measures and a reconciliation of such measures to IFRS terms. View original content to download multimedia: https://www.prnewswire.com/news-releases/oceanagold-releases-waihi-district-pre-feasibility-study-with-attractive-economics-and-initial-wharekirauponga-reserve-of-1-2-million-ounces-302329497.html SOURCE OceanaGold Corporation © 2024 Benzinga.com. Benzinga does not provide investment advice. 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Equipped with an HD camera, the dual-chamber feeder enables up-close livestreaming of avian visitors, as well as species-logging via the free mobile app. (FeatherSnap via AP) This image provided by Nama shows the M1 plant-based milk maker. If you’ve got a no-dairy friend on your list, a plant-based milk maker could save them money while allowing them to avoid unnecessary ingredients like sugar, stabilizers, thickeners and preservatives. (Nama via AP) This image provided by Pull Start Fire shows the matchless fire igniter in use. Made of 89% recycled materials, the food-safe, eco-friendly, 3-by-2-by-1-inch fire starters will light a fire quickly without matches, lighters or kindling.(Pull Start Fire via AP) This image provided by Uncommon Goods shows a 2-piece LED Grilling Tool Set. Uncommon Good’s 2-piece LED Grilling Tool Set puts illumination into the handles of its stainless-steel spatula and tongs. (Uncommon Goods via AP) This image provided by easyplant shows a Marxii Calathea plant in a small, beige, self-watering pot. The appropriately named easyplant is one of the best gifts you can give your houseplant-loving friends, regardless of their experience level. (easyplant via AP) This image provided by Souper Cubes shows No Mess Utensils held upright on pot edges. The No Mess Utensil lives up to its name. The utensils, a serving spoon and a ladle, have innovative, S-shaped handles designed to rest on the edge of a pot. (Ashley Cuoco via AP) This image provided by FinaMill shows the FinaMill Ultimate Spice Grinder Set. The new FinaMill Ultimate Spice Grinder set elevates the pedestrian pepper and spice mill in both function and style. (FinaMill via AP) By JESSICA DAMIANO Finding the perfect gift can be daunting. The only way to truly ensure you get it right would be to ask the recipient what they want, but that wouldn’t be much fun for either of you. 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Moisture will permeate the soil from the bottom as needed, eliminating the often-fatal consequences of over- or under-watering. It’s also a literal lifesaver come vacation time. $49-$259. Related Articles Things To Do | US airports with worst weather delays during holiday season Things To Do | The right book can inspire the young readers in your life, from picture books to YA novels Things To Do | Holiday gift ideas for the movie lover, from bios and books to a status tote Things To Do | ‘Gladiator II’ review: Are you not moderately entertained? Things To Do | Beer pairings for your holiday feasts If you’ve got a no-dairy friend on your list, a plant-based milk maker could save them money while allowing them to avoid sugar, stabilizers, thickeners and preservatives. The Nama M1 appliance both blends and strains ingredients, converting nuts, seeds, grains or oats into velvety-smooth milk in just one minute, with zero grit. 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Grilling food after dark — and ascertaining its doneness — can prove challenging without outdoor lighting, and it’s nearly impossible to cook while holding a flashlight. But as is often the case, the simplest of solutions can make the biggest of impacts: Uncommon Good’s 2-piece LED Grilling Tool Set puts illumination into the handles of its stainless-steel spatula and tongs. After use, the lights can be removed and the utensils run through the dishwasher. $40. 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Mexico shares lower at close of trade; S&P/BMV IPC down 0.40%Revolutionary Single-Layer Film Eliminates Helmet Changes, Enhancing Driver Safety and Performance LAS VEGAS , Dec. 11, 2024 /PRNewswire/ -- Racing Optics®, the global leader in high-performance tearoff visor film technology, proudly unveils its latest innovation: the Twilight Tearoff . This groundbreaking single-layer tearoff is engineered to elevate driver visibility during late-afternoon and early-evening races, providing superior glare reduction and contrast enhancement.
China reiterates support to Sri Lanka
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