Extractive Sector Transparency Measures Act - Annual Report
Reporting Entity Name | OceanaGold Corporation | |||||
Reporting Year | From | 1/01/2020 | To: | 31/12/2020 | Date submitted | 28/05/2021 |
Reporting Entity ESTMA Identification Number | E840887 | Original Submission | ||||
Amended Report | ||||||
Other Subsidiaries Included (optional field)
Not Consolidated
Not Substituted
Attestation by Reporting Entity
In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.
Full Name of Director or Officer of Reporting Entity | Scott Alexander McQueen | Date | 28/05/2021 |
Position Title | Executive Vice President and Chief Financial Officer | ||
Extractive Sector Transparency Measures Act - Annual Report
Reporting Year | From: | 1/01/2020 | To: | 31/12/2020 | Currency of | ||||||
Reporting Entity Name | OceanaGold Corporation | USD | |||||||||
the Report | |||||||||||
Reporting Entity ESTMA | E840887 | ||||||||||
Identification Number | |||||||||||
Subsidiary Reporting | |||||||||||
Entities (if necessary) | |||||||||||
Payments by Payee (1) (2) | |||||||||||
Departments, Agency, etc… within | Production | Infrastructure | Total Amount | ||||||||
Country | Payee Name1 | Taxes | Royalties | Fees | Bonuses | Dividends | Improvement | Notes | |||
Payee that Received Payments2 | Entitlements | paid to Payee | |||||||||
Payments | |||||||||||
New Zealand | Government of New Zealand | Inland Revenue | 22,040,000 | 80,000 | 22,120,000 | Income tax paid; Approved issuer levy | |||||
New Zealand | Government of New Zealand | Ministry of Business, Innovation and | 3,790,000 | 350,000 | 4,140,000 | Royalties paid on gold and silver sales. | |||||
Employment | Fees paid for Mining and Exploration Permits/Licenses. | ||||||||||
New Zealand | Local Government of Waitaki District | Waitaki District Council | 280,000 | 280,000 | Local government rates | ||||||
New Zealand | Local Government of Hauraki District | Hauraki District Council | 620,000 | 620,000 | Local government rates and conditional mining consent related funding | ||||||
New Zealand | Local Government of Waikato District | Waikato Regional Council | 70,000 | 70,000 | Local government rates | ||||||
New Zealand | Government of New Zealand | Land Transport Safety Authority | 190,000 | 190,000 | Road user charges and licenses for light vehicles | ||||||
New Zealand | Government of New Zealand | Fire and Emergency New Zealand Board | 100,000 | 100,000 | Fire services levy | ||||||
New Zealand | Government of New Zealand | Energy Efficiency and Conservation Authority | 170,000 | 170,000 | Electricity authority levy | ||||||
Philippines | Local Government Unit City of Makati | 200,000 | 200,000 | Local business tax | |||||||
Philippines | Local Government Unit of Kasibu, Nueva Vizcaya | 890,000 | 890,000 | Local business tax | |||||||
Philippines | Local Government Unit Nagtipunan, Quirino | 560,000 | 560,000 | Local business tax | |||||||
Philippines | Local Government Unit Cabarroguis, Quirino | 410,000 | 410,000 | Local business tax | |||||||
Philippines | Local Government Unit Province of Nueva Vizcaya | 830,000 | 830,000 | Real property tax | |||||||
Philippines | Barangay of Didipio, Kasibu | 210,000 | 210,000 | Social Development Management Program, Information, Education and | |||||||
Communications; Development of Mining, Technology and Geo-sciences(3) | |||||||||||
Philippines | Provincial Government of Quirino | 2,030,000 | 2,030,000 | Quirino Provincial Development Fund (4) | |||||||
United States of America | Lancaster County, South Carolina | 1,750,000 | 1,750,000 | Property taxes | |||||||
United States of America | State of South Carolina | South Carolina Department of Natural | 510,000 | 510,000 | Annual endowment payment to the South Carolina Department of Natural | ||||||
Resources | Resources Heritage Trust program.(5) | ||||||||||
United States of America | State of South Carolina | South Carolina Department of Health and | 110,000 | 110,000 | Fines for environmental exceedances (6) | ||||||
Environmental Control | |||||||||||
(1) All payments are reported in United States dollars (the reporting currency of the reporting entity) and have been rounded to the nearest $10,000. | |||||||||||
(2) Payments have been converted to United States dollars from New Zealand dollars and Philippine Pesos using a weighted average of the relevant month average exchange rates during the period. Average exchange rates for the year were NZD:USD 0.6505 and USD:PHP 49.6118 in 2020. | |||||||||||
(3) Under the Mining Act in the Philippines, OceanaGold is required to invest 1.5% of its operating costs incurred to pay for a range of social development and community related programs. | |||||||||||
Payments made under the Social Development Management Program totalled ~$0.2 million. Payments made under the Information Education and Communication and Development of Mining, Technology and Geo-Sciences programs totalled ~$0.3 million. | |||||||||||
Additional Notes: | This report includes payments made within a Barangay, Local Government Unit or Municipality where the total exceeded the applicable threshold. |
(4) In accordance with a Memorandum of Agreement, OceanaGold made payments to the account of the Quirino Provincial Development Fund which shall be utilised exclusively for the community development projects of the Province.
(5) OceanaGold is required to provide financial support to a Heritage Trust program in the form of an annual endowment payment over a 14 year period in accordance with its agreement with South Carolina's Department of Natural Resources. OceanaGold Corporation's ESTMA Reports are available at: https://oceanagold.com/investor-centre/financial-information/annual/
(6) Fines were paid for exceedances of permitted levels of mercury in air emissions from the processing plant (related to prior years) and a short term exceedance of thallium level in water leaving site from the water treatment plant.at the Haile Gold mine.
Reporting Year
Reporting Entity Name
Reporting Entity ESTMA Identification Number
Subsidiary Reporting Entities (if necessary)
Country
New Zealand
New Zealand
Philippines
United States of America
Additional Notes3:
Extractive Sector Transparency Measures Act - Annual Report
From: | 1/01/2020 | To: | 31/12/2020 |
OceanaGold Corporation | Currency of the Report USD | ||
E840887 |
Payments by Project
Project Name1 | Taxes | Royalties | Fees | Production | Bonuses | Dividends | Infrastructure | Total Amount paid by | Notes23 |
Entitlements | Improvement Payments | Project | |||||||
North Island | 2,110,000 | 990,000 | 910,000 | 4,010,000 | Waihi Gold Mine | ||||
South Island | 19,930,000 | 2,800,000 | 950,000 | 23,680,000 | Macraes Goldfield | ||||
Didipio Mine | 2,890,000 | 2,240,000 | 5,130,000 | Didipio Mine | |||||
Haile Gold Mine | 1,750,000 | 620,000 | 2,370,000 | Haile Gold Mine |
- All payments are reported in United States dollars (the reporting currency of the reporting entity) and have been rounded to the nearest $10,000.
- Payments have been converted to United States dollars from New Zealand dollars and Philippine Pesos using a weighted average of the relevant month average exchange rates during the period. Average exchange rates for the year were NZD:USD 0.6505 and USD:PHP 49.6118 in 2020.
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Disclaimer
OceanaGold Corporation published this content on 28 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 May 2021 01:24:02 UTC.