Oceanagold Corporation · TSX:OGC
Oceanagold — Q1 2015 Earnings Presentation
15 slides from Oceanagold's earnings presentation, Apr 30, 2015
Slide 1: First Quarter 2015 Results
First Quarter 2015 Results 30 April 2015
Slide 2: Cautionary Notes
Cautionary Notes 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, securiti
Slide 3: Strong Performance Continues
Strong Performance Continues Production Second consecutive quarter of record gold production Gold: 91,146 ounces from Didipio Copper: 6,102 tonnes Strong revenue and profit generation despite lower gold Sector Low Costs1 and copper prices; generated $19.4m in free cash flow Cash Costs: $402 / oz AIS
Slide 4: Q1 Results Summary
Q1 Results Summary Consolidated Didipio New Zealand Consolidated 2015 Guidance Q1 2015 Q1 2015 Q1 2015 Q4 2014 (ex. Waihi) 295,000 to Gold production oz 35,122 56,024 91,146 92,712 335,000 Copper production t 21,000 to 23,000 6,102 – 6,102 6,747 Gold sales oz – 34,659 51,575 86,234 88,386 Copper sal
Slide 5: Philippines Highlights
Philippines Highlights Q1 2015 Didipio Results Second consecutive quarter of record gold production Gold produced oz 35,122 Commenced development of underground Copper produced t 6,102 decline Gold equivalent ounces oz 61,838 produced Enhanced milling circuit to increase pebble crusher utilisation C
Slide 6: Didipio Operating Statistics
Didipio Operating Statistics Q1 2015 Q4 2014 Q1 2014 Lost time injuries 0 1 0 Gold production oz 35,122 34,783 30,480 Copper production t 6,102 6,747 6,479 Total ore mined Mt 1.90 2.52 1.67 Total waste mined Mt 4.78 4.06 4.44 Ore mined grade gold g/t 0.82 0.70 0.83 Ore mined grade copper % 0.53 0.54
Slide 7: New Zealand Highlights
New Zealand Highlights Steady production from NZ operations at Q1 2015 New Zealand Results stronger profit margins Gold produced oz 56,024 Lower fuel costs, weaker New Zealand dollar have increased profit margins; Cash costs per oz $732 Successful cost reduction program through AISC per oz $913 opti
Slide 8: Macraes Goldfield Operating Statistics
Macraes Goldfield Operating Statistics Q1 2015 Q4 2014 Q1 2014 Lost time injuries 0 0 1 Gold production oz 38,535 41,798 40,668 Total ore mined from open pit Mt 0.65 0.28 1.09 Total ore mined from underground Mt 0.23 0.25 0.21 Total waste mined Mt 5.03 5.33 2.93 Ore mined grade g/t 1.35 2.08 1.21 Mi
Slide 9: Reefton Goldfield Operating Statistics
Reefton Goldfield Operating Statistics Q1 2015 Q4 2014 Q1 2014 Lost time injuries 1 0 0 Gold production oz 17,489 16,131 15,420 Total ore mined Mt 0.48 0.51 0.45 Total waste mined Mt 1.78 1.73 4.73 Ore mined grade g/t 1.51 1.45 1.38 Mill feed Mt 0.43 0.40 0.42 Mill feed grade g/t 1.56 1.52 1.38 Reco
Slide 10: Financial Position (as at 31 Mar 2015)
Financial Position (as at 31 Mar 2015) Mar 31 Dec 31 2015 2014 LIQUIDITY Increased cash balance by $8m to $60m Cash $60m $51m Undrawn Revolving Credit Facility* $97m $112m Reduced total debt by $13m TOTAL LIQUIDITY $157m $163m DEBT Revolving Credit Facility* $78m $88m Generated $19m in free cash flo
Slide 11: Consolidated Financial Results
Consolidated Financial Results Consolidated Financial Results (USDm) Q1 2015 Q4 2014 Q1 2014 Gold sales (ounces) 86,234 88,386 94,050 Copper sales (tonnes) 6,245 6,271 7,752 Gold price received ($ per ounce) 1,195 1,201 1,311 Copper price received ($ per pound) 2.241 3.00 3.15 Income Statement Reven
Slide 12: Consolidated Cash Flows
Consolidated Cash Flows USDm Q1 2015 Q4 2014 Q1 2014 Opening cash balance 51.2 46.8 24.8 Operating cash inflows 43.2 60.7 73.3 Investing expenditure (23.8) (26.5) (24.1) Free cash flow 19.4 34.2 49.2 Financing cash outflows (13.3) (35.5) (25.2) Foreign exchange effect 2.3 5.7 (6.7) Net cash increase
Slide 13: Philippines Looking Ahead
Philippines Looking ahead Q2 production expected to be slightly lower, Q3 softest quarter and Q4 expected to be strong Continue to develop underground decline and advance power grid connection Near mine drilling at Didipio to focus on areas with recent promising results Continue to advance Paco ge
Slide 14: New Zealand Looking Ahead
New Zealand Looking ahead Current Drilling Future Drilling Production from NZ operations expected to be North of Macraes steady with good profit margins Lower fuel costs, weaker New Zealand dollar have improved margins, optionality NZ$8m planned spend over next two years on South of Macraes explor
Slide 15: oceanagold.com
oceanagold.com Innovation Performance Growth