Oceanagold Corporation · TSX:OGC
Oceanagold — Q2 2025 Earnings Presentation
14 slides from Oceanagold's earnings presentation, Aug 7, 2025
Slide 1: Second Quarter 2025 Operating & Financial Results
Second Quarter 2025 Operating & Financial Results August 7, 2025
Slide 2: Cautionary Statements
Cautionary Statements Cautionary Note Regarding Forward-Looking Statements This presentation contains certain “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws which may include, but i
Slide 3: Second Quarter Overview
• Second Quarter Overview Gold Production: 119,500 ounces Copper Production: 3,700 tonnes Cash Costs1: $1,210 per ounce AISC1: $2,027 per ounce Share repurchases of Strong operational WNP permitting and Free Cash Flow1 of $120M, $41M in H1 2025, with performance drives Waste stripping at Haile early
Slide 4: Delivering Strong Returns on Capital
Delivering Strong Returns on Capital Free Cash Flow Yield1 Return on Capital Employed2 1. Calculated as trailing 12 month Free Cash Flow over the average trailing 12 month market capitalization in USD. 2. Source: Capital IQ. Last 12 months after-tax EBIT over total assets less current liabilities.
Slide 5: On Track to Deliver 2025 Guidance
On Track to Deliver 2025 Guidance YTD Gold Production YTD Copper Production YTD Total Capital Investment2 237 koz 7.1 kt $211M YTD YTD YTD 1 49% 51%1 42%1 Guidance: Guidance: Guidance: 450 - 520 koz 13 - 15 kt $485 - $530M $1,915/oz YTD AISC3 YTD Guidance: $1,900/oz $2,050/oz 1. Percentages based on
Slide 6: Record Financial Performance
Record Financial Performance Operating Cash Flow EBITDA ($M)1 EPS ($/sh)1 per Share ($/sh)1 Free Cash Flow ($M)1 Record revenue $432M driven by strong operational performance and record average realized gold price of $3,293/oz Record quarterly net profit of $118M and record EPS of $0.49 Strong EBITD
Slide 7: Execution Drives Increasing Cash Balance and Shareholder Returns
Execution Drives Increasing Cash Balance and Shareholder Returns Adding Cash to the Balance Sheet ($M) 299 228 192 Robust financial position 72 30 (77) (82) (191) (136) (172) Increasing shareholder returns Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Net Cash (debt)1 Returning Capital
Slide 8: Delivering Strong Operating Performance
Delivering Strong Operating Performance Overview Q2 YTD 2025 Guidance Safety (TRIFR)1 1.6 • Production well on track for guidance, AISC below Gold Production koz 47.7 99.3 170 - 200 guidance in H1 Cash Costs2 $/oz 997 846 950 - 1,050 AISC2 $/oz 1,890 1,708 2,050 - 2,200 • Ledbetter Phase 3 waste str
Slide 9: Improved Production Performance
Improved Production Performance Overview Q2 YTD 2025 Guidance Safety (TRIFR)1 0.1 • Increased production, on track for guidance Gold Production koz 24.5 45.1 85 - 105 Copper Production kt 3.7 7.1 13 - 15 • Improved access to lower levels of the mine, expected to Cash Costs2 $/oz 873 872 800 - 900 co
Slide 10: Waste Stripping On Track at Innes Mills
Waste Stripping On Track at Innes Mills Overview Q2 YTD 2025 Guidance Safety (TRIFR)1 1.4 • Expect to deliver on guidance, with significantly stronger Gold Production koz 30.0 58.4 135 - 150 Q4 production Cash Costs2 $/oz 1,496 1,444 1,025 - 1,175 AISC2 $/oz 2,146 2,213 1,800 - 1,950 • Improvement i
Slide 11: Consistent Underground Performance
Consistent Underground Performance Waihi Overview Q2 YTD 2025 Guidance Safety (TRIFR)1 1.0 • Delivered strong production and costs, in line with guidance Gold Production koz 17.3 34.1 55 - 70 Cash Costs2 $/oz 1,670 1,559 1,600 - 1,800 • Consistent execution of underground improvement plan AISC2 $/oz
Slide 12: Management Changes from End September 2025
Management Changes from End September 2025 Craig Feebrey Keenan Jennings Peter Sharpe Bhuvanesh Malhotra Chief Exploration Officer Chief Exploration Officer Chief Operating Officer - Asia Pacific Chief Operating Officer Outgoing Incoming Outgoing Incoming 11
Slide 13: Delivering On Our Commitments
Focused on safe and responsible mining Committed to a safe workplace Deliver on guidance Well-positioned to deliver on 2025 guidance Generating robust Free Cash Flow1 & maintaining a strong balance sheet Delivering On High gold price provides significant upside to cash generation potential Our Commi
Slide 14: OceanaGold
y OCEANAGOLD Brian Martin SVP, Business Development & Investor Relations Haley Mayers. VP Investor Relations ir Valerie Bums ! Manager, Investor Relations 400 Burrard Street #1020 Vancouver, British Columbia V6C 3B7 Canada \ +1604 678 4123 4 ir@oceanagold.com ® oceanagold.com