Oceanagold Corporation · TSX:OGC
Oceanagold — Q2 2024 Earnings Presentation
13 slides from Oceanagold's earnings presentation, Jul 31, 2024
Slide 1: Q2 2024 Operating & Financial Results
Q2 2024 Operating & Financial Results July 31, 2024
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: Q2 2024 Overview
Q2 2024 Overview Gold Production: 98,200 ounces Copper Production: 2,800 tonnes Cash Cost2: $1,213 per ounce AISC2: $2,131 per ounce Investment in waste Fatality at Didipio a result of Expect to meet full-year stripping to unlock access Net Cash2 position of Executing on our capital a fall from heig
Slide 4: Expect to Meet 2024 Guidance
Expect to Meet 2024 Guidance 40% Production is more than 60% back- half weighted H1 Gold Production (koz): 203 510 570 50% H1 Copper Production (kt): 5.8 12 14 AISC is expected to decrease with increased production H1 AISC ($/ounce): $1,475 $1,600 $1,970 50% H1 1 Total Capex ($M) : $170 $320 $370 1.
Slide 5: Improved Financial Position
Improved Financial Position Q2 Financial Highlights Adjusted 2 Operating Cash Adjusted EBITDA ($M) Flow per Share Earnings per Net Debt ($M) Revenue of $251M, driven by record average ($/sh) 2 Share ($/sh) 1 realized gold price Quarterly Free Cash Flow of $31M Completed OGP IPO (~$100M net) and 0.14
Slide 6: Accessing Higher Grade Ore Sources
Accessing Higher Grade Ore Sources Overview Q2 YTD 2024 Guidance Safety (TRIFR) 3.0 • Production is 60-65% H2 weighted Gold Production koz 37.8 72.5 195 - 225 Cash Costs $/oz 1,351 1,462 900 - 1,000 • Reached Ledbetter phase 2 ore mid second quarter, displacing AISC $/oz 2,008 1,998 1,530 - 1,630 lo
Slide 7: Horseshoe Underground Ramp Up Complete
Horseshoe Underground Ramp Up Complete • Access to Ledbetter phase 2 ore started in May • Record development rates in the second quarter • Mining Ledbetter phase 2 continues through 2024 and 2025 • 2-3 active stopes consistently in operation, in-line with plan • Target underground mining rates of ~2
Slide 8: Positioned for a Stronger Second Half
Positioned for a Stronger Second Half Overview Q2 YTD 2024 Guidance Safety (TRIFR) 0.2 • Fatality a result of a fall from heights while working at the Gold Production koz 23.1 49.4 120 - 135 paste plant Copper Production kt 2.8 5.8 12 - 14 Cash Costs $/oz 874 791 550 - 650 • Production impacted by u
Slide 9: Record Mill Throughput
Record Mill Throughput Overview Q2 YTD 2024 Guidance Safety (TRIFR) 0.7 • Production weighted ~55% to the back-half of the year Gold Production koz 26.9 59.2 120 - 135 Cash Costs $/oz 1,085 1,047 1,100 - 1,200 • Mill delivered another strong quarter with record throughput AISC $/oz 2,319 2,041 1,775
Slide 10: Experiencing Challenges with Remnant Mining
Experiencing Challenges with Remnant Mining Overview Q2 YTD 2024 Guidance Safety (TRIFR) 0.8 • Q2 production impacted by geotechnical challenges creating Gold Production koz 10.4 21.9 55 - 75 constraints in remnant mining areas Cash Costs $/oz 1,635 1,617 1,050 - 1,200 AISC $/oz 2,434 2,418 1,350 -
Slide 11: Delivering On Our Commitments
Focused on safe and responsible mining Committed to a safe workplace through our two key safety programs Expect to meet 2024 guidance Positioned for a strong second half Improved financial position and balance sheet Delivering On Completed the OGP IPO and the divestment of the Blackwater project Our
Slide 12: Technical Disclosures
Technical Disclosures Qualified Persons Except as otherwise stated herein, David Londono, Executive Vice President, Chief Operating Officer Americas and Peter Sharpe, Executive Vice President, Chief Operating Officer Asia-Pacific, qualified persons under NI 43-101, have reviewed and approved the dis
Slide 13: OceanaGold contact details
y OCEANAGOLD 400 Burrard Street #1020 Vancouver, British Columbia V6C 3B7 Canada \ 41604678 4123 & ir@oceanagold.com ® oceanagold.com