Oceanagold Corporation · TSX:OGC
Oceanagold — 2015 Diggers & Dealers
19 slides from Oceanagold's conference presentation, Aug 5, 2015
Slide 1: Consistently Delivering Positive Results - 2015 Diggers & Dealers
Consistently Delivering Positive Results 2015 Diggers & Dealers August 5 2015 Mick Wilkes Innovation • Performance • Growth Managing Director & CEO
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: OceanaGold
OceanaGold 2015 Guidance (excluding Waihi) Gold Production Copper Production Cash Costs All-In Sustaining Costs 295,000 – 335,000 ounces 21,000 – 23,000 tonnes $450 – $530 per ounce $770 – $840 per ounce Didipio LOM: 2030 Gold Copper Vancouver El Dorado LOM: 2015 Reefton Gold Melbourne LOM: 2017+ Ma
Slide 4: New OceanaGold Today
New OceanaGold Today Building the preeminent low cost gold producer Didipio LOM: 2030 Gold Copper Gold Standard Ventures Waihi Haile Gold Gold Silver Vancouver El Dorado LOM: 2015 Reefton Gold Melbourne LOM: 2017+ Macraes Gold 4 OceanaGold Corporation Innovation Performance Growth
Slide 5: Recent News
Recent News Transformational investments that create wealth and complement existing portfolio Operating & Financial Results H1 2015 Gold Production oz 176,999 Cash costs per oz $474 AISC per oz $734 FCF Generation US$’000 36,741 Romarco Waihi Gold Gold Standard Delivering Consistent Minerals Mine Ve
Slide 6: Recent transactions
Recent transactions 6 OceanaGold Corporation Innovation Performance Growth
Slide 7: Romarco Minerals – Haile Project
Romarco Minerals – Haile Project Best-in-class asset with projected low cost production in top tier jurisdiction Located in South Carolina, USA – 58 miles from Columbia, SC, 30 miles from Charlotte, NC Haile Gold Mine Carolina Slate Belt; history of gold mining dating back to the 1800s P&P Reserves:
Slide 8: Transaction Rationale
Transaction Rationale New OceanaGold: The Low Cost Gold Producer The Low Cost Gold Producer Diversified Producer Mining operations in 3 Industry best AISC profile jurisdictions Didipio & Haile (+10 years) Best in Class assets Insulated business over the next decade of commodity volatility
Slide 9: Attributes of an Industry Leader
Attributes of an Industry Leader The Low Cost Gold Producer Industry leading share price Low Cost Development Project performance in Construction Proven delivery on commitments Tier One Jurisdiction New >25 years of operational & development experience OceanaGold Long Mine Life Strong free cash flow
Slide 10: Pro Forma Profile
Pro Forma Profile Well positioned for long-term growth & free cash flow generation Diversified Production Base & Gold Production (koz) (1) AISC (US$/oz) (1) Increased Gold Exposure RESERVES 600 BY OPERATING DISTRICT (2) $1,000 Industry USA 500 Haile Projected leading Philippines 32% Year 1 $800 AISC
Slide 11: Peer Benchmarking – AISC & Implied Margin
Peer Benchmarking – AISC & Implied Margin Insulating the business from gold price volatility Peer 2015E AISC Implied Margin to US$1,100/oz Au (3)(4) $1,200 New Oceana New Gold $900 AISC (US$/oz) Evolution $600 Northern Star Randgold $300 Goldcorp Yamana $0 (1) (2) Eldorado Newcrest Peer 2017E AISC A
Slide 12: Haile Long Section
Haile Long Section Significant potential opportunity beyond current open-pit reserves 3.5 km CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 274 m DEPTH (m) HORSESHOE MUSTANG 62.5 m of 9.6 g/t 117 m of 5.5 g/t PALOMINO 70.1 m of 5.5 g/t 610 m 2m ounces 2P Reserve @ 2.06 g/t ($950Au) 4m ounces M&I + 800 koz
Slide 13: Haile Regional Exploration Opportunities
Haile Regional Exploration Opportunities Numerous regional exploration opportunities identified to date 13 OceanaGold Corporation Innovation Performance Growth
Slide 14: Waihi Transaction Overview
Waihi Transaction Overview Waihi represents a high-grade, low-cost asset in a stable, well-known jurisdiction Signed Definitive Acquisition Agreement with Newmont for US$101m Auckland Waihi Purchase price to be funded from existing cash and increased corporate revolving credit facility Economic inte
Slide 15: Waihi's Significant Exploration Upside
Waihi’s Significant Exploration Upside Interests in three groups of highly prospective tenement packages Regional Group (22-75 km from Waihi) • Historical production of 11.3 Moz Au and 53 Moz Ag from 50 epithermal deposits • 4 exploration permits • Includes 150 koz of gold resources in the Ohui regi
Slide 16: Gold Standard Ventures (Nevada)
Gold Standard Ventures (Nevada) Strategic investment in one of the most prolific gold regions globally Private placement in GSV.V for 14.9% of common shares for C$16.2m Technical representation and anti-dilution provision with right to increase equity stake to 19.9%1 GSV holds 2nd largest land packa
Slide 17: Portfolio of High Quality Assets
Portfolio of High Quality Assets New assets complement OceanaGold’s existing low-cost operations Didipio Gold-Copper Mine One of the lowest cost gold mines globally High-grade gold & copper porphyry system Underground mine under development; earlier access to high-grade ore Power grid connec
Slide 18: OceanaGold – Track Record of Delivering
OceanaGold – Track Record of Delivering Consistently outperforming gold sector as a result of delivering on commitments OceanaGold GDXJ GDX 250% 200% 150% 45% 100% 50% (69%) (74%) 0% Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Dec 2012 Mar 2013 2013 2013 & 2014 Jan 2014 Feb 2015 Apr 2015 2015 Y
Slide 19: oceanagold.com
oceanagold.com Innovation Performance Growth