Didipio Mine makes first gold sale to BSP
BY LEANDER C. DOMINGO
KASIBU, Nueva Vizcaya (June 10)—Partnering with the Philippine government in boosting the country's international reserves, OceanaGold's Didipio Mine in the upland town of Kasibu in Nueva Vizcaya has made its first sale of gold doré to the Bangko Sentral ng Pilipinas (BSP).
GOING FOR GOLD. Photo shows the signing of Purchase Agreement (PA) between OceanaGold (Philippines), Inc. (OGPI) and Banko Sentral ng Pilipinas (BSP) on May 5, 2022. The PA requires OGPI to offer for purchase to the BSP not less than 25 percent of Didipio Mine’s annual gold doré production at fair market prices and under mutually agreed-upon terms. CONTRIBUTED PHOTO
This first sale on May 30, 2022 implements the purchase agreement (PA) between OceanaGold Philippines Inc. (OGPI) and BSP th...