OceanaGold, which operates the Macraes gold mine near Dunedin, sees gold production climbing by as much as 44 percent in 2013 and at a much cheaper production cost as its Didipio mine in the Philippines kicks off. The Melbourne-based company sees gold production of between 285,000 ounces and 325 ounces at a cash cost of between US$650 per ounce and …

The New Zealand dollar fell against the euro as the common currency climbed against most of its trading peers after Standard & Poor’s upgraded Greece and Spain managed to sell all the debt it targeted in its last auction of the year. The kiwi dollar fell to 63.62 euro cents from 64.07 cents at 5pm yesterday in Wellington. The local currency …

Foreign Affairs Minister Murray McCully has announced the nomination of Dr the Rt Hon Lockwood Smith as High Commissioner to the United Kingdom. McCully describes New Zealand’s relationship with the UK as “one of our most important”. “While we have strong historical connections, the relationship with the UK today remains one of our closest. It is appropriate that the appointment …