Oceanagold Corporation · TSX:OGC
Oceanagold — BMO Global Metals & Mining Conference 2016
26 slides from Oceanagold's conference presentation, Mar 1, 2016
Slide 1: OceanaGold Presentation
Consistently Delivering On Commitments OceanaGold Presentation March 1, 2016 BMO Global Metals & Mining Conference Mick Wilkes, President & CEO
Slide 2: Cautionary & Technical Statements
Cautionary & Technical Statements Cautionary Notes - Information Purposes Only The information contained in this presentation is provided by OceanaGold Corporation (“OGC”) for informational purposes only and does not constitute an offer to issue or arrange to issue, or the solicitation of an offer t
Slide 3: OceanaGold Overview
OceanaGold Overview 2016 GUIDANCE Gold Production Copper Production Cash Costs All-In Sustaining Costs 385,000 – 425,000 ounces 19,000 – 21,000 tonnes $460 – $500 per ounce $700 – $750 per ounce Shareholder Composition United States 49% Asia 1% Australia/ NZ 6% Canada 18% Europe 26% *As at 25 Feb 20
Slide 4: 2015 Results Summary
2015 Results Summary CONSOLIDATED OPERATIONAL RESULTS 2015 Guidance 2015(2) 2014 Gold Production oz 380,000 – 410,000 419,153 307,463 Copper Production t 22,000 – 23,500 23,109 25,010 Cash costs per oz sold $420 – $470 $458 $418 AISC per oz sold $690 – $740 $709 $785 CONSOLIDATED FINANCIAL RESULTS Q
Slide 5: Value Proposition
Value Proposition A “go-to” gold mining company with strong cash flow generation STRONG GROWTH DECREASING COSTS 3-Year Production Growth Forecast 2017E All-In Sustaining Cost Comparative (per ounce) (per ounce) Northern Star OceanaGold Alamos Evolution OceanaGold Northern Star Evolution Alacer B2Gol
Slide 6: Estimated Cash Flow
Estimated Cash Flow(1) Strong cash flows expected at low debt levels 2016E Gold Production AISC* AISC Margin Cash Flow (mid-point of guidance range) (mid-point of guidance range) (assuming $1,100/oz gold) (assuming $1,100/oz gold) 405,000 oz $725 / oz $375 / oz >$150 M *Note: AISC guidance does not
Slide 7: Financial Position (as at Dec 31, 2015)
Financial Position (as at Dec 31, 2015) Solid balance sheet with strong cash flow generation Cash Drawn Facility $186m $183m Total Liquidity Total Debt $253m $199m Undrawn Facility Equipment Leases $67m $15m REVOLVING CREDIT FACILITY Lenders Bank of Nova Scotia, BNP Current Size Maturity Date Pariba
Slide 8: United States
a) OCEANAGOLD UNITED STATES
Slide 9: Haile Progress
Haile Progress Construction well underway, exploration program advanced MINING GRINDING & CLASSIFICATION FLOTATION WATER TREATMENT PLANT 9
Slide 10: Haile Construction Update
Haile Construction Update 2016 KEY MILESTONES (expected timing) Q1 Q2 Q3 Q4 Process Plant First Ore Through the Mill Civil works End of 2016 Structural, Mechanical, Piping Electrical, Instrumentation, Controls Commercial Production Tailings Storage Facility Early 2017 Mining infrastructure Not to sc
Slide 11: Haile Exploration Program
Haile Exploration Program Extensive exploration program initiated at Haile; regionally Horseshoe Mustang Palomino Commenced Further Initial regional Additional drill infill and extension of drilling at targets identified extension infill drilling at Cypress and and form 2016 drilling at Haile planne
Slide 12: Haile Exploration Results
Haile Exploration Results RECENT DRILL RESULTS AT HORSESHOE(5) HORSESHOE DEPOSIT LONG SECTION True Au Drill Hole From (m) Width Grade (m) (g/t) DDH-519 173.7 21.3 22.75 198.1 23.5 6.55 DDH-520 164.4 10.9 1.37 184.2 13.9 1.13 202.7 14.2 1.54 DDH-518 169.5 11.6 2.43 183.5 13.0 5.45 201.9 13.3 10.56 in
Slide 13: Haile Outlook
Haile Outlook Focused on achieving key milestones, growth potential Estimated timing only MAIN CATALYSTS First Ore Through the Mill Exploration Activities Mine Optimisation Study End of 2016 40,000+m of drilling H2 2016 and ongoing 13
Slide 14: Gold Standard Ventures
Gold Standard Ventures Strategic investment in one of the most prolific gold belts globally OGC Equity Ownership Goldcorp Ownership Lease 19.9% ~9% Extension drilling program to prove out resource on existing land package GSV holds 2nd largest land package in the Carlin trend North Dark Star Discove
Slide 15: New Zealand
Waihi Auckland Wellington Reefton Blackwater Christchurch Macraes NEW ZEALAND Dunedin Gold-Tungsten Project
Slide 16: Waihi Exploration
Waihi Exploration Regional Exploration Permits Waihi Targets Open Pit Underground Seven drill rigs currently operating Over 34,000 metres of drilling planned for 2016 Exploration program focused on drilling at Waihi and nearby targets; regionally at WKP 16
Slide 17: Correnso Drilling
Correnso Drilling True Au Ag From (m) Width Grade Grade (m) (g/t) (g/t) (5) Recent Drill Results 168.0 5.8 4.33 9.6 169.6 3.5 9.83 12.2 167.0 11.4 2.41 7.8 169.6 7.8 6.25 8.2 184.6 1.30 5.35 13.7 158.0 3.9 4.03 12.1 187.3 2.1 11.87 13.8 (5) Drill Results (Released Nov 2015) 53.4 4.9 17.98 67.1 58.8
Slide 18: Daybreak & Empire Drilling
Daybreak & Empire Drilling True Au Ag From (m) Width Grade Grade (m) (g/t) (g/t) (5) Recent Daybreak Drill Results 166.1 7.1 9.44 25.0 209.3 0.9 13.86 13.4 207.2 3.5 12.65 15.0 181.6 3.7 10.23 13.6 (5) Recent Empire Drill Results 56.5 1.5 5.32 5.3 41.9 1.5 28.09 27.7 38.7 2.5 41.63 40.8 141.5 0.8 8.
Slide 19: Macraes Exploration
Macraes Exploration RECENT DRILL RESULTS AT CORONATION NORTH(5) From (m) Width (m) Au Grade (g/t) 123.0 11.0 1.84 88.3 12.7 1.25 60.0 10.0 4.62 61.0 11.0 1.58 103.0 8.0 1.74 *Note: some assays cut to 15 g/t Lot’s Wife Soil Sampling (5) – See endnotes 19
Slide 20: Philippines
Island of Luzon Didipio San Fernando (Port) Far Southeast (Goldfields/Lepanto) Manila Masbate (B2Gold) Paco Co-O PHILIPPINES (Medusa) Island of Mindanao
Slide 21: Philippines
Philippines 2015 Highlights DIDIPIO ANNUAL THROUGHPUT (Mtpa) 4.0 3.0 3.58 3.11 2.0 2.58 1.0 0.0 2013 2014 2015 Completed Achieved record Increased ore Underground commissioning throughput of stockpile development of power grid 3.58 Mtpa inventory to continues to connection; now nearly 16 million adv
Slide 22: Didipio Underground
Didipio Underground Early access to high grade underground ore enhances cash flow profile Measured and Indicated Stopes Sill and Crown Pillars (ore) Inferred Stopes (drilling targets) Limit of Oxidation Tunja Stage 5 Monzonite and 6 Pit Designs 2460m RL Underground 30m Crown Mine Pillar AuEq g/t Dar
Slide 23: Company Outlook
Company Outlook Solid production, low costs, organic growth, go -to gold stock Consolidated 2016 Guidance ▶ Guidance Assumptions Gold Production ounces 385,000 – 425,000 ▶ NZD:USD exchange rate of Copper Production tonnes 19,000 – 21,000 0.65 AISC per oz sold $700 – $750 ▶ Copper price: $2.00 / lb o
Slide 24: Upcoming Events
Upcoming Events BMO Global Metals & Mining Conference February 29 – March 2 Haile Site Visits March 3 & 4 Analyst Day – Toronto March 10 Didipio & New Zealand Site Visits Week of April 18 24
Slide 25: www.oceanagold.com
y / www.oceanagold.com 4) Innovation ¢ Performance ¢ Growth OCEANAGOLD
Slide 26: Endnotes
Endnotes 1) Estimates are not guidance and should not be relied on as such. The 2016 figures are based on the mid-point of the Company’s 2016 guidance range while 2017 figures are based on analyst consensus figures. 2) These statistics have been revised following OGC taking legal ownership of the Wa
OceanaGold — BMO Global Metals & Mining Conference 2016 on 6ix