Oceanagold Corporation · TSX:OGC
Oceanagold — Q3 2023 Earnings Presentation
15 slides from Oceanagold's earnings presentation, Oct 26, 2023
Slide 1: Q3 2023 Operating & Financial Results
Q3 2023 OPERATING & FINANCIAL RESULTS October 26, 2023 CARE | RESPECT | INTEGRITY PERFORMANCE | TEAMWORK
Slide 2: Cautionary Statements
CAUTIONARY 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 to issue, sec
Slide 3: Q3 2023 Highlights
Q3 2023 HIGHLIGHTS Remain on track to meet full-year consolidated production guidance 12MMA TRIFR of 4.1 per million hours Lowest production quarter of the year, impacted by Haile Mill Zone4 and Waihi Mined first ore from Haile Underground Ball mill repair completed at Macraes Positive exploration r
Slide 4: YTD Performance
YTD PERFORMANCE 2023 guidance updated1 460 480 Q1 Q2 Q3 Gold Production (koz): Q1 Q2 Q3 Copper Production (kt): YTD AISC ($/ounce): Q1 Q2 Q3 Total Capex ($M)2: 1. As at October 25, 2023. See Q3, 2023 MD&A for more details and updated guidance. 44 2. Includes general operations, pre-strip & capitaliz
Slide 5: YTD Financial Results
YTD FINANCIAL RESULTS QUARTERLY FINANCIAL METRICS STRONG FINANCIAL POSITION • YTD Revenue of $759M • YTD EBITDA of $312M • YTD NPAT of $102M • Repaid $15M of bank debt 2 1 • Leverage ratio of 0.41x Total Liquidity of $175M 1. Free Cash Flow has been calculated as cash flows from operating activities
Slide 6: Haile Mines First Ore from Underground
HAILE MINES FIRST ORE FROM UNDERGROUND • Q3 weakest quarter of the year due to Mill Zone underperformance and pit transition • Production from Mill Zone complete in Q3, stripping Ledbetter phase 2 is underway • Annual production guidance revised downward and costs upward • First underground ore in Q
Slide 7: Haile Expansion Update
HAILE EXPANSION UPDATE Horseshoe Underground mines first ore Development ore stockpiled in Q31 First stope ore blasted and milled in October • 3,800 ore tonnes mined from 1025 and 1000 levels in Q3 • Three stopes planned in Q4 from 1000 and 975 levels • 390 metres of development during the month of
Slide 8: Didipio Generating Strong Margins & FCF
DIDIPIO GENERATING STRONG MARGINS & FCF • 2023 production guidance increased, cost guidance reduced • Underground mining production increased from Q2 • Optimization study to increase UG mining rates to at least 2Mtpa is ongoing • Continued focus on exploration in H2 targeting resource conversion and
Slide 9: Macraes Performing Strongly
MACRAES PERFORMING STRONGLY • Full repair of ball mill # 2 completed in August, performing strongly since • 2023 production guidance increased, cost guidance reduced • FRUG life extended into 2024 due to additional remnant ore • Options study for Round Hill open pit ongoing, update in Q1/24 1. 12 Mo
Slide 10: Waihi Stronger Q4 Expected
WAIHI STRONGER Q4 EXPECTED • Challenging ground conditions impacted mining sequence in Q3 • Improved access to higher grade stopes is expected in Q4 • Maintaining full-year guidance ranges for production • AISC guidance increased due to additional contractors and water management costs • Resource co
Slide 11: Haile Exploration Update
HAILE EXPLORATION UPDATE Horseshoe and Palomino represent upside to current plan2 1. Based on reported Resources and Reserves for the year ended 2022, see March 31, 2023 news release for more details. Subject to review and change. 11 2. Refer to September 14, 2023 news release for further details.
Slide 12: Didipio Exploration Upside
DIDIPIO EXPLORATION UPSIDE Resource Conversion and Extensional Drilling Completed YTD 2023 Focus on resource conversion and growth in 2023 and 20241 • Resource conversion: lower levels of Panel 2 and Panel 3 • Growth: ◦ Eastern Breccia - below the previously reported intercepts from December 2022 an
Slide 13: A Focus on Delivering Shareholder Value
A FOCUS ON DELIVERING SHAREHOLDER VALUE Continuing to focus on our goals in 2023 Operate safely and responsibly Deliver on guidance Optimize production and reduce costs to maximize FCF generation Invest in high-value growth and exploration to deliver attractive returns Increase returns to shareholde
Slide 14: Technical Disclosures
TECHNICAL DISCLOSURES General All Mineral Reserves and Mineral Resources were calculated as of 31 December 2022 and have been calculated and prepared in accordance with the standards set out in accordance with National Instrument 43-101 of the Canadian Securities Administrators (“NI 43-101”). Compet
Slide 15: Contact details
400 Burrard Street #1020 Vancouver, British Columbia V6C 3A6 Canada Brian Martin SVP IR & BD T: +1 604 678-4123 ir@oceanagold.com oceanagold.com Rebecca Harris Director, IR